Is Numis Network really King Solomon’s MLM?

by Tricia Bard on March 20, 2010

Is Numis Network Really King Solomon’s MLM?

Numis Network is a relatively new MLM company (since August 2009) that is getting a lot of press (both positive and negative) and seemingly the newest HOT company attracting new distributors in droves.

But is Numis Network really ‘King Solomon’s MLM’, as one distributor calls it?

Is this opportunity one that will pay out long-term to its distributors?

The first impression might be WOW! This is a great opportunity to collect coins and save for the future, in hopes that their value might go up.  I have seen numerous Numis distributors claiming that the gold and silver bullion coins that Numis offers are great investments in this shaky economy.

However, a disclaimer on the  Numis Network site clearly states that the coins are not to be considered as investments, but instead as collectibles.

Len Clements, Founder and CEO of MarketWave Inc., had this to say in a recent Alert to his subscribers.

If I ever kept a record book on such matters, the number of requests for my “opinion” on Numis Network might be a contender for the #1 spot, at least this year for sure. So, even though I’ve had to take my “watchdog” hat off the last few months (in lieu of my “distributor hat”), and after spending the last few weeks actually trying to get my facts straight before commenting publicly (I hate the taste of foot), for what it’s worth, here’s my take on Numis…

I participated in a public, but not well publicized, debate call with the Numis leadership a couple of weeks ago …

Also on the call were Shannon Denniston, Troy Dooley and attorneys Spencer Reese and Kevin Thompson. I think Numis cofounder Jake Kevorkian and his team won some major credibility points by just agreeing to this call. They represented themselves and their company admirably. They also made a great case for why the coins themselves are a legitimate, viable product. As an avid baseball card collector I can vouch for the fact that, although they are arguably an “investment” (I could have made a nice living buying and selling cards in the early 90s, before the bubblegum bubble burst around ’95), I collect them simply because a Nolan Ryan rookie card, or a 1957 Hank Aaron error card, are just cool to own. I can easily see how folks might feel the same way about silver coins.

So no, Numis is not the same thing as all the gold & silver deals that have been shut down in the past (American Gold Eagle, Gold Unlimited, etc.). They are not simply selling an alternative form of American currency (like selling a Susan B. Anthony dollar for $1.00), nor are they selling vouchers in lieu of coins.

Having said that, I still don’t understand why anyone would buy them from Numis when just a few minutes of shopping online can almost always find you a lower price.  EDITORS NOTE:  I also did a search online and found lower prices- comparing ‘apples to apples’- across the board.

I surveyed several of the coins offered by Numis and found there to be a very narrow channel of pricing with Numis being on the high side of, but almost always within, that channel. And yes Numis-folk, I did consider the grading service. For example, the average price of a 2010 MS70, which Numis sells for $99.00 was $92.44 (9 dealers and 20 closed eBay listings). The average price of the 5 ANACS rated coins (2 dealers, 3 eBay), the service that Numis uses, was $80.98. Numis’s own Mike Mezack was on HSN selling the identical coin for $99.95. I’m not saying Numis isn’t competitive. They are. They’re just selling something that has very little margin that can be purchased at the same or lower price from numerous other sources.

So, since there is no significant margin on these coins the M.L.M. pay plan has to be based on something else. The only other thing that is commissionable, and indeed is where the large majority of distributor income is derived, is the “Fast Track Collector’s Kit”. I’m not at all convinced that this kit is a viable, stand alone product of any real value to a non-participant. I’d still like to know how many of the kits have been sold to someone who is not a Numis distributor. This kit contains:

1) “A beautiful, Graded Coin Attaché Case to safeguard, carry, and display your growing collection with pride.”

Such cases can be purchased retail for about $60.00 and are offered separately by Numis for $59.95.

2) “Your first MS70 Silver American Eagle to start your collection.”

This is the 2010 MS70, Its market value is between $80-$100.

3) “Access to the ‘Coins Are Cool’ video training series. This training system will teach you about numismatic coins and the industry.”

Although I’ve heard this is a great training series, there is an overwhelming amount of numismatic training and educational material available online for free.

4) “Membership in the Silver Coin Of The Month Club, which automatically delivers to you a perfectly graded, certified silver coin from one of the world’s leading mints each month.”

These coins can be purchased individually, so although a nice convenience, it’s just a convenience.

The coin collecting part of Numis I actually like. The M.L.M. part, though, is almost entirely based on selling these overpriced $325 Fast Track Kits (which over $200 in bonuses are paid out from). The legality of Numis ultimately rests on the motive for buying these kits. Are thousands of people buying it right now because they actually want it, and would have purchased it anyway even if there were no income opportunity, or are they buying these kits because they are part of the $495 package to be an Executive distributor?

Here’s a question that was never asked on the call, which I’d still love to get some feedback on: When the Executive package went up from $299 to $495 last month, and bonuses were also raised, what was added to the Exec. package to account for this supposed 66% increase in value? Was the Fast Track Collector’s Kit included in the $299 Exec. package?

There’s also been a lot of chatter online about the fact that over 30 million 2009 Silver Eagles were minted, almost 7 million 2010s have already been minted (and will likely end the year at around 20 million), thus something can’t be of great collector value if it is not rare. But in Numis’s defense, it’s the highest possible MS70 rating1, meaning the coin is virtually flawless, even under a microscope, that causes a coin to go from it’s silver content value (in this case around $20) to the $99 value, or what ever it is for that particular coin. There’s also such things to consider as whether or not it is a “first strike”, meaning one of the first coins for a new mintage to come off the line (supposedly the die that’s used by the mint wares down over time), and which grading service came up with the MS70 grade (there are several such services with varying degrees of credibility). After having read up on this pretty extensively I’ve come to the conclusion Numis is not at all being misleading in anything they’re presenting. The numismatic grading industry is! For example, this “first strike” or “early release” BS. Besides the fact the dies are often changed throughout the year, a coin is either MS70 or it isn’t. It’s either flawless, or it’s not (perhaps due to a worn die). Nonetheless, Numis is using ANACS, widely considered to be one of only four “A” rated grading services. I think that’s grading them on a curve.

Numis is also extremely vulnerable to SEC ire when it comes to claims of “increasing value” or anything that would suggest their product (gold and silver coins) are a good “investment”. This has contributed to the demise of gold & silver coin deals in the past. Numis corporate did a great job of defending the corporate position on this, and they do appear to be proactively trying to educate their reps in this area. But it’s not what comes out of corporate that they need to be concerned about. State and federal regulators go by what’s actually happening in the field, not what is suppose to happen. And so far, it doesn’t look good. The “investment” angle is being employed by numerous Numis reps. Just Google Numis plus “[great, good, best] investment”. There are many websites already in gross violation of this policy. Numis is going to have to have one of the largest and most active Distributor Compliance offices in the industry. But let’s give them the benefit of the doubt for now and see what they do. A great test will be to check in 90 days from now and see how many of those hundreds of websites are still making the same claims.

Numis’s response to this was that they were in no different a position that any dietary supplement company who is prohibited from making disease treatment claims. I disagree. Precious metals, especially bullion coins, are commonly marketed as investments and as a great hedge against inflation. I understand that Numis is selling numismatic (collector) coins, not just bullion coins, but the collectible is still composed of something well known, and well marketed, as a great investment. So the analogy with supplements is flawed in that supplements don’t contain, for example, penicillin or Acetaminophen (Tylenol). If they did they would have a substantially greater challenge keeping their reps from making antibiotic and anti-pain claims. The product Numis is selling is composed of gold and silver, which is by its very nature considered an “investment”.

As a collector (trading cards now, coins and stamps in the past) I like the overall concept of Numis. However, some products and services, no matter how valuable, just don’t lend themselves well to an MLM opportunity. Travel, for example. There’s simply no money from the actual travel left to create any real income opportunity in the comp plan (around 3-5% of the actual cost of travel goes into the plan), so such deals compensate by adding a several hundred dollar “training package”, or “travel booking website”. Both of which are entirely distributor-centric, and thus ultimately gets the company in legal trouble. Same with the old long distance service MLMs. The service itself injected literally pennies into the pay plan (typically you got less than 1% of an average $25 monthly phone bill). So, they added several hundred dollar “training” packages, and paid $100-$250 “coding bonuses” from those packages. Numis now has the same challenge. The coins themselves have very little margin, and add little to the plan. So to compensate they came up with a $325 “Fast Track Collector’s Kit” that appears to have a net cost of around $120 (assuming Numis is getting the best coin prices and quantity discounts on the cases). That’s how they can afford the total payout of around $200 (on average, it could be more).

All legal issues aside, when the primary source of income in the MLM plan is a one time occurrence (the $325 kit) this also does not lend itself well to long term residual income. That usually involves making a sale once and that sale generating income for months, years, or for life. Like selling a “potion” or a “lotion”, using it up, and then reordering it. For these Collector Kit related bonuses to continue there must be an ongoing, never ending flow of new, first time customers (distributors?). It’s kind of like selling a water purifier or any other type of non-consumable hard goods – which is why virtually all MLM companies that have sold such products have migrated to the ol’ “pills and potions” (NSA, Nikken, etc.). Yes, I know $6.00 from each monthly coin sale is paid from the binary plan. But again, that can only be because Numis is buying them at the low end of that price channel and selling them on the high end (giving them every benefit of the doubt in that none of that ongoing six bucks is also coming from the one time Collector Kit purchase, or worse, the high margin $75 distributor entry fee or the higher margin $119 annual web access fee). But, again, you can also access the low end of that pricing channel (just check eBay) right now, without having to pay anything to Numis.

On a completely different front, there’s also the issue of non-exclusivity. Unlike “potions” that have their unique nanopolyxanphytosaccharides (or what ever), or “lotions” that have their proprietary puppy placenta proteins (or what ever), a 2010 MS70 Silver Eagle is a 2010 MS70 Silver Eagle. That is, if Numis does make this work there’s inevitably going to be numerous Numis knockoffs. What’s going to happen when there are several M.L.M. companies all competing for the same limited supply of Numismatic coins? My guess? The coins will become even more deemphasized within the pay plan in lieu of the high margin “collector kits”, membership fees and training. And as more and more companies compete on that level – and more and more of them overprice their kits, fees and training to support an even higher pay out – they’ll all start popping up on regulatory radar screens again. But I’m prophesying. It’s just a theory.

Will Numis reign in their numerous renegade reps who inevitably will and are making investment claims? Will anyone of any actual legal authority ever question the value of the $325 Collector’s Kit to a non-participant in the income opportunity, and the motive for purchasing it among those who are participants? What will be their conclusion?

These are subjective questions. For now, they are a matter of opinion. You’ve got mine. Now we’ll have to wait until someone who’s opinion actually counts decides to buzz in.

Time will tell. It always does. It just takes its time.

1. Such coins are graded MS60 to MS70, with only MS60 and MS61 being considered poor grades. Based on several online definitions, MS62 to MS70 appear to represent degrees of good.

Jake Kevorkian, one of the Numis Founders, was asked – ‘What % of commissions is coming from kit/sign-up fees?’  in a heated dialogue that took place on Troy Dooly’s Facebook page in mid-March.   Mr. Kevorkian had previously posted comments in this FB dialogue; however a week later, he still had not posted a reply to the question.

The two big questions that Len  Clements asked still remain unanswered:

-Are thousands of people buying it right now because they actually want it, and would have purchased it anyway even if there were no income opportunity, or are they buying these kits because they are part of the $495 package to be an Executive distributor?

-When the Executive package went up from $299 to $495 last month, and bonuses were also raised, what was added to the Exec. package to account for this supposed 66% increase in value?

In my opinion, based upon everything I have learned about this company, Numis is one of those companies that simply should not be in MLM in the first place.  And as Len said, only time will tell if Numis Network comes under FTC (or AG) scrutiny and what the outcome would be.

Having personally gone through the FTC shutdown of a Network Marketing company I was in a few years back, it’s not something I ever want to see anyone else have to go through.  Watching a six-figure income vanish overnight was bad enough, but watching people in my team, who had placed their faith in this particular company, lose their livelihoods was heart-wrenching.

My suggestion to anyone reading this article, if you are considering Numis Network, is to first of all ask yourself, ‘Would I purchase these products if there weren’t an income opportunity attached?’

I recommend you do your due diligence and then do a Ben Franklin pros and cons list. Write down all the ‘pros’ why you should join Numis, and then all the ‘cons’. You might be surprised at the results!

Good luck!

Also, see our NumisNetwork: Facts, News, and Reviews page.

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{ 16 comments… read them below or add one }

Chris Aarhus October 9, 2011 at 5:10 pm Thumb up 0 Thumb down 0

I found this review months back when being lured to be a Numis-ite and find it again as I keep coming across more and more people in my circle joining.. Yet my reserves stand and I will not cave. I LOVE what seems to be the ease with which people would want to initially join ( the whole lotions and potions and having something of value if later you decide to drop out) as that was my initial hook. Why wouldn’t people want to invest in coins over vitamins, after all people seem to value wealth over health time and again.
But as I have watched it grow over the past year, I watched a prominent player drop out as he explained ” I need to do whats best for the people I am trying to help make money” , explaining it is a good opportunity for good recruiters, but most werent duplicating this enough. Back to the health and weight loss industry he went.
In the Numis presentation it is mentioned about there being no competition and there is such a high percentage of nutritional MLM’s…there must be a reason for this. Why else would the one time sale product companies eventually add the nutritional component? monthly sales over one ups. Not sure on the retail side how many people are selling a $99 coin to their neighbor….especially the overweight one choosing his/her gym membership and protein powders instead 🙂


Damiso Arrington August 11, 2011 at 11:06 am Thumb up 0 Thumb down 0

Wow!!! Talk about memory lane here… Great post!!! (I left Numis in April 2011)


Leroy September 25, 2010 at 10:20 pm Thumb up 1 Thumb down 0

WOW.. talk about over kill. I used to believe in that nonsense about that it wasn’t a good deal unless you would have brought the product anyway.. well anyone that’s been in networking knows it is a matter of something they are WILLING to by from the company and use because there are other benefits like being give some compensation by recommending it to others. Also, I am SOOO glad someone pointed out that back in 1933 they DIDN’T take the Numismatic coins. Not to mention that there is no tracking of the coins. Meaning that even though they COULD go to Numis and ask who bought them but “we” are not required to track them or keep records of who we sold them to or gave them to so it is all much to do about nothing. So they didn’t take Collectable coins and even if they did now you don’t have to prove where they went.

Now.. here IS some news… starting Jan 2012, the government WILL track the sale of any silver or gold. Yep thanks to our wonderful over reaching, get our hands on everything so we can take it and give it to the people that vote for us (mob rule) we will have to have documentation of all our transactions regarding our coins. All the more reason to GET THEM NOW.

Isn’t it great that the government is around to save us from ourselves? Nov please get here soon.



Scott Manesis July 1, 2010 at 4:13 am Thumb up 0 Thumb down 1

The other thing people are ignoring completely is the fact that the overall economy is not getting better, it is getting worse and when bread ends up costing 50 dollars a loaf, nobody is going to want to “collect” your coin. When times like that arrive and they ARE in fact coming and 4 people meet
one has a chicken
one has a potatoe
one has corn
one has gold/silver

I know for sure 3 people are going to have a nice meal, the 4th guy… your coin dude, you got nothing I want to trade for.

Just sayin,


louabbott July 1, 2010 at 9:05 am Thumb up 0 Thumb down 0

It’s a valid point in a worse case scenario, Scott, and certainly it may come to that for some people somewhere.

That said, there will also be people of means and people who need and want to have a store of value that is independent from any government’s fiat (and therefore, always temporary) money system. Gold has historically fit that description.

Whether numismatic coins work well for that purpose or not is a separate discussion. I do know that they don’t interest me.


Dale Reynolds June 25, 2010 at 8:51 am Thumb up 1 Thumb down 0

Sean, you missed the whole point about legality. You made a perfect case for the FTC to shut Numis down. If people ONLY buy from them because of the income opportunity it becomes an illegal venture.


Matt June 15, 2010 at 5:22 pm Thumb up 2 Thumb down 0

Hi J.J.,

I’ve been an investor of gold and silver for the last 13 years, usually in the risky options market. The question comes up alot “What if the Government calls back all the silver and gold coins?” It could happen even though it is unlikely since it has been nearly 80 years since the last time it has. Let’s say it does happen again. The worst case scenario is that they have to buy them back from you for what ever is deemed to be a fair price. It is no more a risk to collect these coins then it is to collect US dollars, which are also the Government’s property and are lossing value almost on a daily basis.

If you own property the Government could make you sell it to them for what ever they deem fair at anytime for whatever reason. I have some friends in my home town that this happened to. They changed the path of a US highway by about 3 miles cutting through dozens of houses and properties. The owners didn’t have a choice in the matter.

Nothing is completely safe, you just have to evaluate the cost/risks vs the income/potential. Look to see if the owners are being as forth coming and honest as they can. I actually had the privilege to speak with 2 of the 3 owners of Numis and they are some of the greatest business owners I’ve ever met. They are ready to help you out even when it doesn’t benefit themin any way and that speaks volumes about their character.


John Domzalski June 28, 2010 at 10:33 pm Thumb up 2 Thumb down 0

I recently asked an expert lawyer about this 1933 law. They told me that numismatic coins are exempt from the law. Only coins that would be placed into circulation apply. I’d love to see a real expert weigh in on this, since there is so much ‘expert speculation’ around it.

To Your Success


J.J. May 10, 2010 at 1:33 pm Thumb up 0 Thumb down 0

Thank you for a well written article.
Thank you for the informative post

My concern is that no one affiliated with Numis has commented on this portion of Samantha’s post “2) These coins are government owned and regulated. Collectors are simply the bearers and not the owners. The issuing government is the owner and they have the ability to confiscate their property at any given time. (as what happened in 1933)”.

I believe this to be a valid point for discussion. A person would do well to thoroughly research this angle before investing heavily in something the government has the legal authority to confiscate.

I am not currently in any MLM nor am I a coin collector, just someone searching for an opportunity. However, this one seems to have obvious pitfalls. BTW, the FTC is taking a more aggressive approach towards online marketers and practices which are out of compliance. Distributors: Do your homework before beginning an aggressive ad campaign.

My reason for being on this site is that I’m searching for an ethical MLM with great management and product. I can be reached at



Sean April 15, 2010 at 3:53 pm Thumb up 8 Thumb down 3

I really love all of the Ebay B.S. I could go to WalMart and buy something on Sale. A week later find it cheaper on Ebay. Should I be writing articles bashing WalMart? Saying they ripped me off…? Should I picket Macys because the same t-shirt that they sell is $10 more than Target?? I was researching Numis, since I currently collect coins. After reading these statements I think I will join. If they shut down in a year, then instead of a closet full of juice or vitamins I will have 12 ms-70 collectible coins, which I’m sure will be worth at least the value they are today.
1 more thing, to the person that says that nobody in the world cares about the rarity of a coin, please think before you comment. The MILLIONS of people all across the world who do collect rare coins and pay in excess of 100 times the ‘metal’ content may disagree with you. Or you could ask the people in this country alone, who spend over $125 million a year on HSN and QVC to purchase MS-70 Silver Eagles.
Why wouldnt I buy these coins from some other cheaper place? Good question.. because I cant make a paycheck with those other places. I get 20 people to buy 1 coin a month and I should get mine FREE. Thats not hard work for me..


Richard May 10, 2010 at 11:54 pm Thumb up 1 Thumb down 1

Hello Sean,
Collecting coins is a great hobby and in the future 10+ years they might be worth more then they are now. As far as investments go the return will be minimum to non based on inflation and as you know gold and silver is bought per ounce. Not reatail valuve.

If you have a great network of coin enthusist then by all means go for it. Like you said you should never be with any company that has you stock pile any product.

Best of luck.
I know many people in the company who are doing very well so if you work hard you got it!


Tricia April 8, 2010 at 8:50 pm Thumb up 2 Thumb down 6

Tene, I appreciate your enthusiasm for your chosen opportunity, Numis. However, most of the comments you attributed to me are actually Len Clements’ opinions. You can read about Len’s credentials here-

I stand by my original comments and Len’s as well. Your comments ignore the stringent guidelines that the FTC demands an MLM company adhere to.


Tene Williams April 8, 2010 at 6:43 pm Thumb up 11 Thumb down 2

I like the format of this article Trisha it seems to be objective. But here are my concerns with your observations. First of all I am a Numis Network Executive. I find the opportunity to teach the average Joe about collecting numismatic coins and creating wealth to be phenomenal to say the least.

The first thing I would ask you is, when looking at business opportunities both franchises and MLM companies is there any price on the opportunity itself?

Your primary question and point throughout the article is “-Are thousands of people buying it right now because they actually want it, and would have purchased it anyway even if there were no income opportunity, or are they buying these kits because they are part of the $495 package to be an Executive distributor?” From the conversations you stated already happened both on the call and on FB it seems to me that the question was asked and answered. The whole point of the Numis opportunity and any other opportunity for that matter is to educate people about a product that they normally would not buy or know about isn’t it? You mentioned ‘lotions, potions and consumables’ the traditional MLMs, who knows anything about any of these products had it not been for a rep telling them about the product and the opportunity to make money on it by telling others? Most of those products available in the MLM industry are not products that people would buy if they were not in that MLM. Which is why there are large drop offs in autoships because people normally do not need or want the products being sold and in today’s market you can buy most of these things in the grocery store (weight loss products, cell phones, vitamins etc etc. Which also goes to the point that you made about the MS70 Silver American Eagle being available in other places besides Numis. When it comes to ebay, you are not always going to find the item cheaper. And if you wanted to be in the business of simply retailing coins then you would do what people on ebay do… Which is buy a bullion coin, send it to NGC, PCGS, ANACS or ICG to be graded then sell it on ebay. There is no opportunity for residual income in that is there? The direct sales industry is all about creating a word of mouth club of sorts like a Sam’s Club among consumers. Then paying those consumers for that word of mouth instead of spending money on traditional advertising. So the whole opportunity to collect these coins AND show others how to do the same is the entire point of the business opportunity and the model.

Your next concern was whether or not the commissions were based on the product because the margin is slim due to the coins being priced competitively in the marketplace. You stated very clearly that the residual income of $6 per coin is the residual from the autoship on a monthly basis. Like many other MLMs if you are in early enough and work your business at $6 per coin on autoship…let’s say even 1000 reps in your down line would be 6k per month. Not including the other bonuses from the fast track collector’s kit and the 4 other ways of getting paid (6 to be exact). If you did get into this company early enough, worked your business and had a downline of 10,000 people what would be your residual at that point? Aren’t there people in Numis who jumped on board in August 2009 and have the 8000+ reps under them at this point? How much is $6x 8000 people in less than a year? I will not say because then you may say I am making income claims:-) Just stating the facts. I’ve only been a rep for 2 months and do not come from an MLM background with a large following in less than 2 weeks I had over 40 people in my downline which is the power of an MLM business model and the exponential growth isn’t it? What is the residual of other MLM company products? I’ve seen a few and many pay less than $6 on the actual autoship product (such as travel as you mentioned) additionally we also have a retail site and many reps buy MUCH more than just the $99 ANACS MS70 Silver American Eagle which is only one of several coins available and the lowest priced at that (the commission is a percentage of the purchases not a set $6).

To state that the founders are buying these coins at a more competitive price and selling at $99 which IS a competitive margin according to you is simply business as usual is it not? Wouldn’t you expect any company that purchases in wholesale volume to get a larger discount? I don’t know the actual facts but let’s say they are purchased from the Mint at cost and they are getting a volume discount on grading from ANACS, PCGS or NGC (which by the way Numis sells coins that are graded by 3 of the top 4 graders in the industry not just ANACS) isn’t that expected when you own a company and buy in volume?

Let’s take a retail business for example, would you assume that if I am selling white T-Shirts for a living that I could buy the plain white shirt from many sources at varying prices? Then, if I bought in volume I would get a discount? Of course you would, that’s business.

Then you also alluded to the fact that “would you buy these coins had the opportunity to become a collector and own a business not be available?” First of all the opportunity to buy a business SYSTEM for $495 is fantastic in my book!! There are many other MLM opportunities with much less marketable products available at higher price tags. Let’s not even talk about the price of a traditional franchise (you should call a few and see how much the ‘low cost’ ones are!). When you buy a franchise you are not buying only products but a system. Therefore the mark-up no matter how large or small to buy into a proven system and business model is by all accounts the American Capitalist way is it not? What is the price of the training and system? Are you alluding to the fact that there should be NO price on buying into the training and business model? I’ve been self employed for over 16 years and you could look at ANY business for sale and there would be a price tag on more than just the ‘products/inventory’. I’m not even talking about MLMs or franchises now. If you were to buy a clothing store chain or a grocery store or a millworks factory or insurance company, even a daycare center you are going to pay more if there has been a proven system in place. It is called “Sweat Equity”. As a matter of fact buying a business without a proven system in place is much less valuable than one with a system in place. So when I am looking at a business model, I am not purchasing all of their products/inventory, I am also looking to see if they have implemented a system. That includes a merchant system to accept credit cards etc, an accounting system, a marketing and advertising system and plan, training on the product etc etc. So if you are stating the retail value of the fast track collector kit is $300 and the other $200 is for the system what’s your complaint and how is buying a system and paying people to sell that system illegal? Isn’t that what business and franchise brokers get paid to do?

To bring more light on that subject, let’s say you were hiring a business consultant to implement a system for you, wouldn’t you pay a premium for that?

Last but not least there is the issue that the autoship is a numismatic MS70 ANACS graded Silver American Eagle and the other available products are certified perfect Silver & Gold collectible coins from the mints of the world! Your worry is the claims or suggestion of what they will be worth in the future. You stated there are millions of coins being purchased right now. YES, there are millions of Silver American Eagles being purchased in 2010. The collectability of the coin and interest in gold and silver bullion and numismatic coins has increased tremendously because the industrial metal-Silver and gold are going up, our economy is weak and the dollar from an article I recently read is actually worth .03! What a wonderful opportunity for people to have a business where we are educating the average Joe about something that normally only wealthy people know about. What will it be worth in the future? Only time will tell but as far as I know since the beginning of time Gold and Silver have escalated. It’s like buying a piece of real estate. Sure the market has crashed right now but if you look at real estate 10 years from now I guarantee you it will be worth more in 10 years than it was worth before the downturn. That is the reason for buying assets. NOW, I know what you are thinking…Will the FCC come down on Numis for selling collectible coins that are obviously assets? That’s up to the government to rain on that parade but in the mean time! I was educated about this wonderful industry and if Numis is taken down for some ridiculous reason guess what? I and every other executive in Numis will be wealthier in the end LOL! I will own a collectible Silver and yes I also buy gold too as do many of the other reps! That’s the beauty of Numis, because of the nature of the product many of us have purchased WAY more than just the autoship coin 🙂 So, while the getting is good I am building wealth, showing others how to do the same and if it does turn out that Big Brother decides Numis is helping too many people become wealthy leveling this VERY uneven playing field in the economy right now so be it. The reps will have made money on the business opportunity and will OWN something of value if it ever does end! I am sure you can’t say that about ANY other opportunity out there. Like the one you mentioned at the end of your post. Big Brother crashed down on that opportunity and everyone was left without an income and with nothing in hand to show for it. At least with Numis…We will have a collection of gold and silver coins and guess what? Because of this experience I will continue to purchase this asset even if the company didn’t exist anymore! So as far as this subject is concerned NOTHING is guaranteed income anymore. Not in the stock market, the job market or anything else right now! When an opportunity presents itself you should move on it and move on it fast because it may not be there in the future! Don’t leave yourself with that gnawing “should of, would of, could of” but didn’t feeling…it can drive you up the wall 🙂

The flip side of that is what if it is 5 years, 10 years or 20 years before the Numis opportunity leaves us. Are you going to be sitting there saying Mmm Maybe I over evaluated that one! It really was a good opportunity…

Tene Williams
Your Achievers Only! Business Coaching Guru


Aurore September 26, 2011 at 6:05 pm Thumb up 1 Thumb down 0

Awesome reply


James Wehner March 24, 2010 at 2:32 am Thumb up 3 Thumb down 2

Very honest read here. I am a member of 2 MLM and build them 95% online allowing me to not cross recruit my own team. I have a “blue chip” MLM with Unicty (health and wellness) as well as a “start-up” Numis and am well aware of the risks of both.

Worst case if Numis did close down I still believe I have a tangible asset opposed to 99% of the products of other MLMs.

Thanks for the great blog and I look forward to more data in the future from you.


Samantha McSween March 20, 2010 at 9:06 pm Thumb up 10 Thumb down 2

Tricia, I commend you on the information presented in this article.
I was a Numis Network representative but left shortly after the increase in price that was introduced. I questioned many factors as you’ve mentioned in your article. Particularly, what was added to the Exec. package to account for the 66% increase in value other than a bigger and stronger carrying case (big deal!).
I also took into account a few other things not addressed in this article.
1) Many marketers truly believe that these coins are in fact an “investment”.
Members are told Numismatic coins are valued with 4 factors in mind. 1) precious metal content 2) rarity 3) collector demand 4) actual condition
Step outside north america and you will see that the only thing that truly matters is precious metal content. No one cares about rarity, collector demand and condition. They want to know the gold or silver MELT VALUE.
The value of these coins increasing in value (because they are a collectible item) is simply speculative. If you’re interested in long term wealth preservation, I personally don’t believe this is the best route.
2) These coins are government owned and regulated. Collectors are simply the bearers and not the owners. The issuing government is the owner and they have the ability to confiscate their property at any given time. (as what happened in 1933)
Now, I don’t have a crystal ball and I am in no way a psychic but if people are joining numis network and believe it’s as investment and a great hedge against inflation, I think they just may need to rethink that.

Privately minted gold and silver from one of the top 5 accredited gold mines in the world has been my alternative solution to building long term wealth.
Here, you’re the owner and the bearer, you can melt your gold and do as you please (try doing that with a numismatic coin in front of government officials!!)

Again, thank you for this great article. I hope it’s enlightening to many!

Samantha McSween


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