on Wednesday, 11 July 2012 00:00. Posted in News

At RCNH we have ALWAYS advocated that clients should take possession of their gold and silver bullion and to even beware of using bank safe deposit boxes.

Now here is even more confirmation of what we have been saying for years.
 
Are Banks Raiding “Allocated” Gold Accounts?Posted on July 6, 2012 by WashingtonsBlog
 
Beware: “Allocated” Gold May Not Really Be There

In 2007, Morgan Stanley paid out $4.4 million to settle a class-action lawsuit by its clients after Morgan Stanley charged them to buy and “store” precious metals for them,  but neither bought or stored the metals.

(Similarly, a 2011 class-action lawsuit filed in federal court in New York accused UBS Financial Services of misleading silver investors and charging them storage fees for metal that was never actually purchased,  segregated, and stored for them.)

on Friday, 08 June 2012 00:00. Posted in News

Wow, I am so far out of touch with coins…a field I love and yet I have no clue!  I am sad to finally come to this realization.  Here’s how things have unfolded in the last couple of weeks.  Dave in our office has a client that purchased a raw 1899 Morgan Dollar in V.G.  We offered him an MS-64 PCGS for $100 more than he paid for the V.G. (a fair price at the time) I said, “Return the V.G. and get a much nicer coin for $100 more.”  He kept the V.G. instead.  Now, will it ever be a better value than an MS-64 PCGS for $100 more?  This is the type of buyer that is frustrating to me.

on Wednesday, 08 February 2012 00:00. Posted in News

RCNH personnel instrumental in the recovery of money for coin fraud victims!
 
NCA RECOVERS MORE THAN $1 MILLION FOR BUYERS OF OVERPRICED COINS

By CoinWeek on February 7, 2012 5:11 PM

The Numismatic Consumer Alliance, Inc. (NCA) helped recover more than $1.1 million in the last eight months of 2011 for victims of unscrupulous coin sales, according to John Albanese, founder and president of the not-for-profit watchdog organization.

on Monday, 06 February 2012 00:00. Posted in News

Is this a harbinger of things to come?
States consider alternative currencies of gold and silver

By Blake Ellis | CNNMoney.com

A growing number of states are seeking shiny new currencies made of silver and gold.

Worried that the Federal Reserve and the U.S. dollar are on the brink of collapse, lawmakers from 13 states, including Minnesota, Tennessee, Iowa, South Carolina and Georgia, are seeking approval from their state governments to either issue their own alternative currency or explore it as an option. Just three years ago, only three states had similar proposals in place.

on Thursday, 19 January 2012 00:00. Posted in News

This year’s FUN show was well, fun and interesting.  For the first time in 5 years I attended the show in place of Warren who could not make it.  I went armed with a folder full of want lists from novice as well as sophisticated collectors ready to purchase anything that met our needs.  Warren also instructed me to buy anything else that was original and met our strict criteria for grading.  With that I trotted off like a 10 year old to summer camp and returned like someone that had survived a week at football camp, battered and bruised but happy I went.

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