Another Thinly Veiled Pyramid Scheme: Numis Network

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As with most multi-level marketing companies, Numis Network purports to offer a business opportunity that can generate high earnings for an individual. The “product” being sold by Numis is collectible coins. As an investment, gold and silver coins have values that are fairly easy to determine with a few minutes and an internet connection. The value of a “collection,” however, is not so easy to assess. The value of a “collection” varies from owner to owner, so it is hard to put a price tag on it.

Numis Network is careful not to call its coins investments, as that creates regulatory problems in addition to the ease of objectively valuing the investment (and coming to the conclusion that Numis is not the place for a serious coin buyer). Continue reading