Founded by John Franklin, the John Franklin Coins Company specializes in offering the John Franklin Silver Coin and its gold counterpart. These coins present a valuable opportunity for investors, especially with rates starting from just $6.99. This makes it an affordable choice for those hesitant to dive deep into gold ( Wanna roll 401k to gold?) or silver bullion. Plus, their first-anniversary offer allows you to sell back your coins to them at an equal ratio.
Assessing John Franklin's Coin Collections
Their Signature Coins
John Franklin Coins presents two distinguished coins: Silver and Gold Coin. Each has a detailed breakdown, illustrating its composition and artistic design. Their silver coin weighs in at 1 Troy Ounce, translating to 24 grams. In contrast, their gold coin showcases Queen Elizabeth II's portrait on its face, accompanied by her engraved name. Additionally, every coin bears its respective monetary value.
Special Features
Their coins flaunt an extraordinary design, capturing three moons, a singular sun, and a planet on the front. On the flip side, it specifies its weight as a troy ounce, equivalent to 24 grams – that's a considerable amount of silver! Each coin is housed in a classy black case, bearing their emblem. Owning one feels special, especially given its mysterious vintage.
John Franklin Coins: Benefits & Drawbacks
Advantages
Distinct Design Among Silver Coins
The Gold Coin stands out with Queen Elizabeth II's face gracing the obverse side, accompanied by her name etched on the reverse. Weighing in at a troy-ounce, equivalent to 31.1 grams, it's a noteworthy choice for those eyeing precious coins for investment, given its gold makeup and uncommon nature.
Impressive Buyback Proposition
Their unique buyback feature is intriguing. Should you feel any dissatisfaction with the coin, they'll gladly repurchase it. However, a catch is the need for a one-year ownership prior. This safeguards the genuine intentions of those purchasing, ensuring they’re in for investment longevity.
High-Quality Packaging at Fair Pricing
The silver variant is elegantly encased in a black box bearing the John Franklin emblem. The coin's frontal depiction adds charm to the packaging. Side inscriptions reveal their crafting intricacies. On the gold side, while its silver content might be lower than its counterpart, its appeal as a collector’s item or an investment remains undiminished.
Applicability in Certain Silver-Accepting Locales
A slight hiccup with the John Franklin Silver Coin is its non-pure silver nature, posing usage challenges overseas. But for those keen on utilization, numerous outlets do recognize its worth.
Drawbacks
Buyback Yes, Returns No; Potential Valuation Hitches
While they champion a buyback scheme, returns aren’t entertained. When considering trading or selling back, John Franklin Coins might provide a valuation, but it might not mirror the actual market value, especially for non-brand coins. Additionally, the lurking shipping fees on silver coin buybacks might deter some, given the costs might eat into the perceived gains.
Gold's Worth vs. Silver: A Tricky Equation
At first glance, the gold coin seemingly trumps in value. But, given the ounce denomination and a 31.1-gram metal value, determining the silver coin’s worth becomes intricate. While it’s evident the silver coin surpasses in value despite its lesser weight, its precise market valuation demands deeper scrutiny.
Final Verdict
Are they seeking a distinct silver coin with a buyback guarantee? John Franklin Coins could be your answer. Though not the most budget-friendly, it promises genuine quality. The coin's appearance is impeccable and free from any flaws, and if it doesn't meet your expectations, they're ready to repurchase it.