Numismatics Expert Nick Grovich Releases New Book, 'The Big Lies & Absolute Truth!'
Gold prices are down. Investment firms are touting rare coins. Consumers struggling with the dilemma of where to put their money are at the crossroads. What to do? Nick Grovich noted professional coin and bullion dealer and author of the free 200-page book The Big Lies & Absolute Truth, has some eye-opening suggestions that have helped make the difference between making profits and losing money in the hard asset markets.
Nick Grovich has been a professional coin dealer since 1980 and owner of American Federal Rare Coins & Bullion since 1985. The company deals in certified coins, high quality, rare date and even common coins as well as all types of bullion and bullion coins. His insider's knowledge of the market and its history has made him one of the country's leading authorities on the coin and bullion market, though it has made him unpopular with many coin dealers. Grovich's book offers numerous tips and truths that are essential reading to anyone who wants to sidestep the pitfalls that trap far too many coin and bullion investors. A widely respected financial expert calls The Big Lies & Absolute Truth "the best book ever on coin collecting and metal investment."
In the book, Grovich warns that rare coins are a complex, specialized market. Many investors believe rare coins to be good investments and bullion brokers push numismatics heavily. However, in many cases, if not most, the seller's markups and commissions may preclude the possibility of a return on investment. The rare coin market has been a tough place for average investors to make substantial gains since 1989. One simple rule Grovich says that anyone considering purchasing or selling coins ask the seller "What's the Gray Sheet on this coin?" The Gray Sheet is actually the Coin Dealer Newsletter and is used by every dealer in the country. "If it's what they use, it should be what you use to help determine value," he advises. His book also lists the seven places you can sell your coins as well as seventeen types of coin you should never buy or hold, in his opinion.