South Florida Arbitration & Litigation Lawyer Blog
Numismatic Coin – Florida Precious Metals and Numismatic Coin Fraud and Misrepresentation State and Federal Court Litigation Attorney:
A Numismatic Coin is a coin that is valued based on its rarity, age, the quantity originally produced, and condition. These coins are bought and sold as individual items within the coin collecting community. Most Numismatic Coins are legal tender coins that were produced in limited quantities to give them scarcity value. They are historic coins which also can be rare. The current price of gold is a minor factor when dealing with Numismatic Coins. Premiums are traditionally far higher than those of Bullion Coins, and values fluctuate to a much wider extent. For example a $5 gold piece may may contain $70 dollars of gold but may sell for as much as $700. The minimum amount recovered from Numismatic Coin investments is always either its face value or its metal content.
With the above in mind, anyone considering investing in Numismatic Coins should think twice, especially if the investor is dealing with a firm located in another city or state. In our opinion, Numismatic Coins should never be purchased with anything other than absolute risk funds.
Please keep in mind that this information is being provided for educational purposes only. It is not designed to be complete in all material respects. Thus, it should not be relied upon as legal or investment advice. If you have any questions conerning this post, the reader should contact a qualified professional.
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With extensive courtroom, arbitration and mediation experience and an in-depth understanding of securities law, our firm provides all of our clients with the personal service they deserve. Handling cases worth $25,000 or more, we represent clients throughout Florida and across the United States, as well as for foreign individuals that invested in U.S. banks or brokerage firms. Contact us to arrange your free initial consultation.
At the Fort Lauderdale Law Office of Russell L. Forkey, we represent clients throughout South and Central Florida, including Fort Lauderdale, West Palm Beach, Boca Raton, Sunrise, Plantation, Coral Springs, Deerfield Beach, Pompano Beach, Delray, Boynton Beach, Hollywood, Lake Worth, Royal Palm Beach, Manalapan, Jupiter, Gulf Stream, Wellington, Fort Pierce, Stuart, Palm City, Jupiter, Miami, Orlando, Maitland, Winter Park, Altamonte Springs, Lake Mary, Heathrow, Melbourne, Palm Bay, Cocoa Beach, Vero Beach, Daytona Beach, Deland, New Smyrna Beach, Ormand Beach, Broward County, Palm Beach County, Dade County, Orange County, Seminole County, Martin County, Brevard County, Indian River County, Volusia County and Monroe County, Florida. The law office of Russell L. Forkey also represents South American, Canadian and other foreign residents that do business with U.S. financial institutions, investment advisors, brokerage and precious metal firms.