- 02 Jul 2022
- Bonds
- Precious Metals
- Comments: 0
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John Franklin Coins Company is a company founded by John Franklin. They offer the John Franklin Silver Coin and the John Franklin Gold Coin, including some excellent benefits for investors. With prices for these coins ranging as low as $6.99, this is an excellent option for those looking to invest without investing heavily in gold or silver bullions. They also offer their first-anniversary special, where they will buy back their coins from you at a 1:1 ratio.
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John Franklin Coins Review
What They Deal With
They offer the John Franklin Silver Coin and the John Franklin Gold Coin. Under each are a description of what the coin is made of and a description of the coin design itself. The silver coins have a weight of 1 Troy Ounce, which is 24 grams, while their gold depicts an image of Queen Elizabeth II on the obverse side, with an engraving of her name. Each coin has its numeral value as well.
What They Offer
They have a unique design consisting of three moons, one sun, and one planet shown on their obverse side. The reverse side also has a troy-ounce weight of only 24 grams. However, this is still a ton of silver. It comes in an elegant black box with its logo on it. It is something to look at and have on your shelf because the age of this coin is unknown.
Pros & Cons of John Franklin Coins
Pros
❑ They Offer a Unique Design Not Seen on Any Other Silver Coin
The Gold Coin: Offers a unique design with Queen Elizabeth II on the obverse side and her name engraved on the reverse. The coin's value comes with a troy-ounce weight, which comes in at 31.1 grams. These are worth looking at for investment, as they are precious coins due to their gold content and rarity.
❑ They Offer an Excellent Buyback Program
The buyback program that they offer is cool. If you are unhappy with the coin or do not like it, you can have them repurchase it from you. The buyback program requires that they own the coin for at least one year before doing so. It ensures that people buying these coins are buying them to keep and invest in.
❑ They Offer Premium Packaging and a Reasonable Price
The silver coin comes in a black box with the John Franklin logo. It also has a picture of the coin's obverse side on the front of the box. On the sides are more details about how this coin is made and other helpful information.
The gold is also packaged well, but it does not have as much silver content as its silver brother, so that is something to keep in mind. However, if you don't mind an ounce of lesser weight, this is an excellent option for those looking for an attractive investment or collecting piece.
❑ It Is a Silver Coin, So One Can Use It in Some Places That Accept Silver
The only problem with the John Franklin Silver Coin is that it is not technically silver. It makes it hard to use when you get to other countries, but if you want to use your coin, there are plenty of places where you can use your coins and make money off them.
Cons
❑ They Have a Buyback Program but Do Not Offer a Return Policy, and They Can Give You an Inaccurate Value
They offer a buyback program, but they do not offer a return policy. John Franklin Coins will tell you what your coin is worth if you want to trade it in for something else or if you want to sell it back to them, but they will not necessarily give you what your coin is worth if it isn't their coin.
They also charge shipping fees when buying back the silver coin, which adds up, so the buyback program may not be worth using depending on the value of the silver coins.
❑ The Gold Coin Is Worth More Than Silver, Which Is a Bit Confusing
The gold coin looks like one of the most valuable coins that can be sold, but since they are both denominated in ounces and have metal in them, valued at 31.1 grams, it can be a bit confusing when trying to figure out how much the silver coin is valued.
Well, you know that it is worth more than the gold coin, and it has less weight in terms of its value. Just by looking at it, there is no way that anyone could tell what its actual value is without researching its place on its market price list.
Final Verdict
If you are looking for a unique silver coin and a buyback program, then John Franklin Coins may be your option. While it is not the cheapest option out there, it is a decent product with some quality. It looks great, there are no damages anywhere on the coin, and they offer a buyback program if you aren't happy with the coin.
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