Q & A with a Precious Metals Expert!


Q&ARecently we held a Q & A session on Reddit with our Senior Product Manager Brian Hunt. We received some good Questions we’d like to share Brian’s answers to.

If you ever have a question, know that you can contact us at 800-375-9006 and we’re happy to help!

Question: If someone is brand new to precious metals and looking to get started, what products would you recommend they spend…say…their first $500 on from APMEX?

Answer: Honestly, you should buy what you like and what you’re comfortable with and what products interest you. It depends on what’s making you invest (wanting bullion or wanting something more collectable) But, my personal recommendation is Proof Silver Eagles with box and COA. Reasons why are these coins hold a more than just a bullion value. They hold a numismatic value and they are IRA acceptable. Here’s a link to our selection of IRA Proof Silver Eagles. http://www.apmex.com/category/22141/silver-eagles-proof-w-box-coa

 

Question: How often do you come across counterfeit coins/bullion and what is the process of dealing with the counterfeits once you’ve come across themTop of Form

Answer: We come across counterfeit coins and bullion on a daily basis. That is why it is so important that you purchase your product from a trusted source such as APMEX or even buy certified product from NGC & PCGS.

Once we have determined an item is indeed counterfeit we check what metals are used in the makeup of the product (copper, gold, silver etc.) We then contact the previous owner to let them know that their products is indeed counterfeit and in many cases we end up melting the product so the item is never sold again as a genuine product.

Question: How did you go about moving your collecting and hobby to the next level to become a project manager at APMEX?

Answer: You got to broaden your knowledge of buying, selling, and merchandising products. I got started with APMEX at an ANA summer seminar class when I met 2 employees in the same class. We took the counterfeit detection class and hit it off. So going to those types of things gets you great exposure and knowledge.

Question:Is traditional coin collecting doomed now that all coins are released in perfect condition collector sets?

Answer: No, I don’t feel that way. Coin collecting hasn’t been doomed. There will always be a wide selection of products that you can collect. Whether it be a Morgan Dollar or even a 20 Dollar Saint Gaudens Gold Coin. Here are some Morgan Dollars to look at: http://www.apmex.com/category/52040/morgan-dollars-1878-1904 Here are some Saint Gaudenshttp://www.apmex.com/category/11902/20-double-eagles-saint-gaudens-1907-1933

Question: Most of us here are familiar with APMEX. What’s the one thing about working there that would surprise us the most?

Answer: Honestly, being around the high value merchandise on a day in – day out basis. I’m a kid in a candy store. Great! Let our rep know if you ever need something.