Nicholas J Bruyer Govmint.com Gold, Silver Coin Rip Off Burnsville, Minnesota

Being expensive does not make a product a rip-off.  GovMint etc.  often sells many exclusives, it cost a bunch to develop these items.  A small 5% bullion markup would not be practical for a profit making company.  You are comparing flee market dealings with a retail environment that charges the same markup as your grocery store does for common non-essential items.  Ever calculated the markup on a laptop or cell-phone.  I am sure it is right in line with what these large marketing firms charge for coins.

Silver bars and rounds with no sculpting may sell for the small premium over melt that you describe but developed world coinage,,,even US eagles would never sell for that small of an amount.  Any dealer is going to charge you $100+ for a MS70 Silver Eagle.

I have purchased some coins from GovMint and been very pleased.  If you buy because you like the item then that is all that matters.  Anyone who buys just for a supposed quick investment deserves to loose money.

GovMint is also an official distributor for most of the major world mints. 

Being expensive does not make a product a rip-off.  GovMint etc.  often sells many exclusives, it cost a bunch to develop these items.  A small 5% bullion markup would not be practical for a profit making company.  You are comparing flee market dealings with a retail environment that charges the same markup as your grocery store does for common non-essential items.  Ever calculated the markup on a laptop or cell-phone.  I am sure it is right in line with what these large marketing firms charge for coins.

Silver bars and rounds with no sculpting may sell for the small premium over melt that you describe but developed world coinage,,,even US eagles would never sell for that small of an amount.  Any dealer is going to charge you $100+ for a MS70 Silver Eagle.

I have purchased some coins from GovMint and been very pleased.  If you buy because you like the item then that is all that matters.  Anyone who buys just for a supposed quick investment deserves to loose money.

GovMint is also an official distributor for most of the major world mints. 

I worked for Asset Marketing Services, Preferred Customer Club, and GovMint for more than two years (All of these are owned by Nic Bruyer) based out of Burnsville, MN. While employed there I made an immense amount of money selling "rare/collectible" coins to customers over the telephone and via email. Folks it's a scam. Plain and simple. 90% of the coins sold from these companies are worth no more than the precious metal content of the piece. Especially the Beijing Olympic, Canadian Olympic, Shipwreck, or South African Minted coins. These are all struck with a mintage request made by AMS, in order to create a "limited" market opportunity, but there is no market for resale of these coins. These coins are worth the weight only. Furthmore, anything with historical significance or "rarity" can most definately be found for less....a lot less elsewhere. The mark up is somewhere in the neighborhood of 200-300%. Most people, if not all who have done business with AMS have bought with the idea of a return on these coins. Sorry folks, not for a couple more centuries. Leave them for the great great grandchildren.  Nic goes thru customers like he goes thru employess. Beware of Agora Investments too! Nic is also involved with this company and have bilked millions from people with their "strategic investement seminars". Look out!

Interesting article here from the Minneapolis StarTribune newspaper:
http://www.startribune.com/business/121475124.html