Expert: Joe Hylas - 6/8/2009

Question
I have recently been approached my the Numis Network https://www.numisnetwork.com/silverdollar.  They are a new MLM and the products they sell are collectible coins. They want me to purchase an ANACS Certified MS-70 Silver Eagle in a protective case for $99 USD plus $6.95 shipping every month going forward.  Is this coin worth $99 today?  Do you think it will increase in value?  If so, can you provide a percentage increase over time?  

Thank you in advance for your help.

Mark Haagsma

Answer
Hi Mark,
MLM means Multi Level Marketing.  Traditionally that means everyone makes something on the item.
Unless this $99 coin is one of the better date pieces, I think you can do better on eBay.  Also, stick with PCGS certified coins, not ANACS
Also bear in mind that the US Mint produces millions of silver eagles each year and there are certainly a lot of MS-70 coins available.
Prices are based upon supply and demand and there seem to be a lot of these coins available for sale.
Check ebay, I think you will agree.

Regards
Joe Hylas
www.AllCoins.US