Aug 31, 2021 | APMD, News
Accredited Precious Metals Dealers see busy bullion marketplace
(Temecula, California) August 30, 2021 – A bullion dealer’s organization is predicting that at year-end gold will close at $1,897, silver $28, and platinum $1,153, and perhaps go higher before dropping back.
The forecast was made by members of the Accredited Precious Metals Dealers program (www.APMDdealers.org) of the Professional Numismatists Guild (www.PNGdealers.org). Founded in 1954, the PNG is a non-profit organization of dealers who adhere to a strict code of ethics in the buying and selling of bullion, rare coins, and vintage paper money.
Their estimates for the year-end prices for gold, silver, and platinum are the mean averages of price predictions made by 25 accredited dealers across the country who responded to an informal survey.
“We’re hearing from dealers that many long-time customers are taking advantage of the recently lower bullion prices to cost average their precious metals investments. We’re also hearing about new buyers entering the marketplace because of the high demand for new designs of the 2021-dated United States Mint American Eagle gold and silver bullion coins,” explained Richard Weaver, president of the Professional Numismatists Guild.
“Some of the dealers think gold will go over $2,000 but settle back by year’s end,” said Barry Stuppler, a former PNG president who conducted the survey.
“No one has a crystal ball to know exactly what the future will be. The Accredited Precious Metals Dealers program members who responded to our survey based their forecasts on years of being on the front lines of the bullion markets,” said Weaver.
He advised investors to make price comparisons before making purchases and to beware of counterfeits offered online by unscrupulous sellers.
“Always be mindful of the premiums being charged over the intrinsic value of the precious metal coins or ingots. You absolutely need to know your precious metals dealer,” he cautioned.
There are 48 members of the Professional Numismatists Guild Accredited Precious Metals Dealers (PNG-APMD) and each underwent a background check before being admitted to the program. They now must adhere to a strict code of ethics in the buying and selling of bullion and numismatic items and guarantee the authenticity of the coins and bars they sell.
A directory of PNG-APMD members can be found at www.APMDdealers.org/apmd-dealers. For additional information, contact the Professional Numismatists Guild at 951-587-8300 or info@PNGdealers.org.
Oct 23, 2020 | APMD, News
“If you don’t know gold, you’d better know your gold dealer,” cautions the leader of the Accredited Precious Metals Dealer program of the Professional Numismatists Guild.
(Temecula, California) October 22, 2020 – Dealers who sell bullion gold and silver bullion coins report an increase in new customers who want to own precious metals. They also are seeing some earlier customers who are selling either because of personal economic conditions or simply want to take advantage of significantly higher bullion values since they purchased, according to members of the Accredited Precious Metals Dealer program (https://apmddealers.org), a division of the nonprofit Professional Numismatists Guild (www.PNGdealers.org).
“Of course, no one has an accurate crystal ball to precisely know the future, but dealers we’ve recently heard from say many of their customers are optimistic that gold and silver prices will continue going up, especially silver. Some dealers say their increase in precious metals sales are being made to investors worried about federal government spending and the uncertainty of the presidential election,” said PNG and APMD President Richard Weaver.
“On the selling side, dealers are reporting purchases from estate sales, from buyers taking advantage of profits from years-earlier acquisition of gold and silver bullion and also making purchases from sellers who quickly need cash whether because of unemployment, renovating a home or school tuition for their children,” explained Weaver.
Several APMD dealers said they are assisting elderly investors to get refunds from unscrupulous telemarketers who sold them grossly overpriced, and in some cases, counterfeit items.
“To avoid potential scams, such as counterfeits, and to avoid paying too much when you buy or receiving too little when you sell, investors absolutely must know the credentials of the bullion dealer. If you don’t know gold, you’d better know your gold dealer,” Weaver cautioned.
The Professional Numismatists Guild established its Accredited Precious Metals Dealer program in 2015 to provide consumer and investor protection in the marketplace. Every APMD member must follow a strict Code of Ethics (https://www.apmddealers.org/join-apmd#code) in the buying and selling of precious metals.
For additional information about the Accredited Precious Metals Dealer program, call the PNG at 951-587-8300 or visit www.APMDdealers.org. A list of APMD member-dealers is online at www.APMDddealers.org/apmd-dealers.
Aug 18, 2020 | Announcements, APMD
Younger buyers entering market and Baby Boomers are still acquiring precious metals
(Temecula, California) August 18, 2020 — During the recent profit-taking and market correction, major retail sellers of physical gold and silver coins and ingots say they did not encounter significant panic selling by customers. They report younger buyers have entered the market and Baby Boomers continue buying gold and silver bullion coins, according to the Accredited Precious Metals Dealer division (www.APMDdealers.org) of the nonprofit Professional Numismatists Guild (www.PNGdealers.org).
“Savvy investors know that every market has its ups and downs. Professional bullion dealers we’ve talked with the past week say one of their biggest problems is keeping up with gold and silver inventory to meet the demand for filling orders from retail customers. Some customers have sold a relatively small number of gold coins to take profits, but there have not been any reports of massive panic selling when prices recently fell,” said Richard Weaver, President of the Professional Numismatists Guild.
“We are currently seeing older bullion positions being liquidated because significant profits can now be made, especially among older investors who are getting their financial house in order. However, we’re also still seeing other senior citizens acquiring precious metal positions. And, for the first time in a long time, we are seeing buyers in their 20’s and 30’s entering the market for physical gold and silver,” explained Weaver.
“Know your dealer to avoid potential bullion scams,” advised Weaver.
“We recently heard of a case where an unsuspecting buyer responded to an unsolicited telemarketing call, spent $70,000 and all the gold coins he received were counterfeits. Buyers should be cautious about an increase in fake gold coins offered in the marketplace by unscrupulous sellers, and also beware of scam artists trying to lure investors with urgent claims of too-good-to-be-true low prices and quick, guaranteed bullion market profits,” he cautioned.
All members of the Accredited Precious Metals Dealer program must adhere to a strict Code of Ethics (https://APMDdealers.org/apmd-code-of-ethics/) in the buying and selling of precious metals. A list of the 47 APMD member-dealers is online at www.APMDddealers.org/apmd-dealers or call the Professional Numismatists Guild at 951-587-8300.
Jul 31, 2020 | Announcements, APMD, PNG
(Temecula, California) July 31, 2020 – Buyers of physical gold and silver during the 2020 “Gold Rush” should be wary of potential counterfeits in the marketplace, mistaking plated “gold coins” for bullion products, and avoid overpaying for any purchases, cautions the Accredited Precious Metals Dealers (APMD www.APMDdealers.org) division of the nonprofit Professional Numismatists Guild (PNG www.PNGdealers.org).
“Adding gold, silver or platinum bullion coins or ingots to an investment portfolio can be a smart choice, but knowing your seller can be a crucial choice,” advises PNG-APMD President Richard Weaver. “If you don’t know gold, you’d better know your gold dealer.”
Buyers should be cautious of an increase in counterfeit gold coins offered in the marketplace by unscrupulous sellers, and also beware of scam artists trying to lure investors with urgent claims of too-good-to-be-true low prices and quick, guaranteed bullion market profits.
“Since the onset of the COVID-19 pandemic, the Anti-Counterfeiting Educational Foundation (www.ACEFonline.org) has identified over 100 websites selling counterfeit precious metals coins and ingots. Information about the suspected spurious sellers has been given to the U.S. Treasury Office of Inspector General, but buyers should always be prudent before making any purchases from unknown sellers,” cautions Weaver.
He also advises investors seeking bullion to know that base metal replicas in the marketplace, often advertised as “tribute coins,” may be merely plated or layered with just a microscopically thin coating of gold — only about $1 worth of actual precious metal.
“They may have limited secondary market value and should not be confused with genuine, legal tender gold bullion coins, such as the popular American Eagle or Canadian Maple Leaf,” explains Weaver.
“To avoid potential scams, investors must know the credentials of the bullion dealer, not just what the dealer may tout in TV advertisements or on a fancy website,” added Weaver.
All members of the Accredited Precious Metals Dealer program must adhere to a strict Code of Ethics (https://APMDdealers.org/apmd-code-of-ethics/) in the buying and selling of precious metals. A list of APMD member-dealers is online at www.APMDddealers.org/apmd-dealers or call the Professional Numismatists Guild at 951-587-8300.
Jun 27, 2019 | APMD, News
(Temecula, California) June 26, 2019 – With the recent, rapid jump in the price of gold, investors should beware of scam artists trying to lure them with urgent claims of too-good-to-be-true low prices and quick, guaranteed bullion market profits, cautions leaders of the Accredited Precious Metals Dealer (https://apmddealers.org) program, a division of the nonprofit Professional Numismatists (www.PNGdealers.org).
“Don’t make a hasty decision based on slick advertisements. Don’t make any purchase until you have shopped around and learned the competitive prices from reputable, accredited dealers,” advised Robert Brueggeman, Executive Director of the Professional Numismatists Guild (PNG).
“If you don’t know precious metals coins, you’d better know your precious metals coins dealer! You don’t want to unwittingly buy counterfeits or send money to an unscrupulous seller who completely fails to deliver ordered merchandise,” warned Brueggeman.
Members of the PNG Accredited Precious Metals Dealer (APMD) program must adhere to a strict code of ethics in the buying and selling of numismatic bullion items and guarantee the authenticity of the merchandise they sell.
Members of the PNG Accredited Precious Metals Dealer (APMD) program must adhere to a strict code of ethics in the buying and selling of numismatic bullion items and guarantee the authenticity of the merchandise they sell.
A directory of PNG/APMD members can be found at www.apmddealers.org/apmd-dealers. For additional information, contact the Professional Numismatists Guild at 951-587-8300 or by email at info@PNGdealers.org.
May 28, 2019 | APMD, News, PNG
(Temecula, California) May 28, 2019 – If you’re purchasing modern precious metals coins strictly for their silver, gold or platinum content, beware of significantly overpaying simply because the coins may be housed in fancy holders or accompanied by autographs of celebrities or the coins’ designers, cautions the Professional Numismatists Guild (www.PNGdealers.org).
“The personal finance market is filled with slick advertisements touting gold bullion coins labeled with a superb grade or in holders with decorative, autographed inserts. These may be fine collectibles for some, but you could pay more than twice the value of the precious metal content of the coin. There certainly are better ways for investors to buy bullion coins much closer to their actual intrinsic value,” stated Barry Stuppler, president of the Professional Numismatists Guild (PNG).
The Professional Numismatists Guild is a nonprofit organization composed of many of the country’s top rare coin and bullion coin dealers. PNG oversees the Accredited Precious Metals Dealer program (https://apmddealers.org), whose members must adhere to a strict code of ethics in the buying and selling of numismatic bullion items and guarantee the authenticity of the merchandise they sell.
“We are seeing a lot of advertising and marketing of precious metal bullion coins in holders with ‘limited edition’ specialty labels. These designs may include autographs of former United States Mint officials, sports Hall of Fame members or other celebrities. However, virtually every specialty label coin we’ve seen was offered at a price 200 to as much as 1,000 percent higher than a comparable bullion coin in the same condition without the signature or specially designed labels. And when an investor sells the coins with special labels they might only get a 5 to 10 percent premium,” said Stuppler.
“Don’t make any purchase until you have shopped around and learned the competitive prices for bullion items sold by others who don’t have high marketing expenses. Make sure you are not getting ripped off,” he advised.
“Modern gold, silver and platinum bullion coins, such as the American Eagle or Canadian Maple Leaf series, usually trade at a small premium over the actual spot precious metal content. Many major gold bullion dealers typically will sell a single, one-ounce gold American Eagle gold coin at approximately four to five percent over the current spot/melt value. The premiums are larger for 1/10th, 1/4th and 1/2-ounce coins,” explained Stuppler.
“Buyers also should distinguish between bullion coins whose values generally fluctuate according to the current price of gold, silver or platinum, and ‘rare coins’ that can carry a significant collector premium based on historical supply and demand. Some vintage U.S. gold and silver coins may be readily available in circulated condition for a modest premium over their bullion content, but those same coins in superb condition may have significantly higher value — perhaps thousands of dollars above their melt value,” added Stuppler.
“If you don’t’ know precious metals coins, you’d better know your precious metals coins dealer,” he cautioned.
A directory of PNG Accredited Precious Metals Dealers (APMD) members can be found at www.apmddealers.org/apmd-dealers. For additional information, contact the Professional Numismatists Guild at 951-587-8300 or by email at info@PNGdealers.org.
Jan 2, 2019 | APMD, News, PNG
(Temecula, California) January 2, 2019 – “Gold is starting 2019 with increasing price support and growing demand. I believe gold will reach its next major resistance level of $1,300 very soon, and after a short period of time should break above,” stated Barry Stuppler of Woodland Hills, California, President of the Accredited Precious Metals Dealers (https://apmddealers.org), a division of the Professional Numismatists Guild (https://pngdealers.org).
“The gold fundamentals have never looked better. Interest rates, such the U.S. 10-Year Treasury Note which is under to 2.7%, and the U.S. dollar are dropping. Demand is increasing from hedge funds, ETFs and central banks. While the global equity markets remain a question mark, we are seeing increasing gold demand from stock investors moving to a proven safe haven from the volatility they are seeing,” explained Stuppler.
“As global equity markets continue to move lower, gold buying in Asia, the Middle East and Europe is increasing as the price moves above $1,285 per ounce. January has an excellent history of showing higher gold prices, and last year gold hit its highest price in January,” he pointed out.
All nationwide members of the Temecula, California-based Professional Numismatists Guild Accredited Precious Metals Dealer (PNG-APMD) program undergo a background check, must adhere to a strict code of ethics in the buying and selling of numismatic items and guarantee the authenticity of the numismatic merchandise they sell.
A directory of PNG-APMD members can be found at www.apmddealers.org/apmd-dealers.
(Temecula, California) August 30, 2021 – A bullion dealer’s organization is predicting that at year-end gold will close at $1,897, silver $28, and platinum $1,153, and perhaps go higher before dropping back.
