Now I'll tell you I gave Numis a good look but there were a few things I was originally concerned about that maybe you could shed some light on. Now coin collecting is a major American past time for millions of people, two of whom are in my immediate family. My uncle Greg has metal box after metal in his basement with all kinds of coins, from all over the world. Now aside from going through them with him as a little girl, I really don't know much about them, but I do recall him explaining to me that there were two schools in the world of coin collecting. The first school feels that in order for coins to be considered legit, they can't be minted for the sake of collecting. In other words, they had to have been minted by an internationally recognized government, even if that government has long since passed. That rules out of course, QVC, special edition coins that you see infomercial for, movie or sport coins, and Numis, even if they are made of precious materials.
The second school would be the ones that manage to mint a coin for EVERYTHING, from baseball to Star Wars, Lord of The Rings, to September 11th..., and with no disrespect or sarcasm; Numis Network. I'm not at all trying to suggest that Numis Network coins are in any way obnoxious, or in the same exploitive league as those that "commemorated" September 11th, in fact I think they really are quite attractive. I suppose what I'm trying to get at is how they fair in the coin collecting market, and whether or not they have received a serious reception among the hardcore, more old school enthusiasts.
My other concern is in regard to competition with other Numis execs, as far as how to thrive with so many people pointed to the same battlefront. Essentially, a new Numis rep signs people up to purchase at $99 per month, and are then told to sell on Ebay, but how do you get around all the other reps selling all the same coins on Ebay? Either the price you sell at has to go down, way down, or the bulk price does, at which point Numis doesn't make any money. Then there is of course, the dinging moment at which point those people that really want the Numis collection can simply join the company and get them cheaper. How do you get around this?
Anyway, I hope I haven't asked too many questions. I want Numis to succeed, I have a special place in my heart for the world of coin collecting thanks to my uncle, and I sometimes find myself reading an article about it or even contemplating starting one of my own, but I'm not half as knowledgeable as most professionals. Oh and before I forget, with the price of these coins, and the fact that they are made from precious metals, what are the odds of running out of the coins and being unable to supply the demand? I believe I read this as someone else's concern on another forum and it dawned on me just how that could theoretically happen, after all, gold is becoming very popular and some people are trying to buy as much of it as they can with the thought of some impending, harsh economic changes on the way.
Ok Im'ma stop now for real :)
