Preservation of Wealth vs. Numis Network
Preservation of Wealth vs. Numis Network
Since I first profiled Preservation of Wealth and Numis Network, both companies have gone through some changes. I thought it might be good to once again take a look at both of these gold and silver MLM companies. Both companies are fairly new to the network marketing landscape, having opened their doors in the summer of 2009. Since that time both companies have developed a solid base of representatives and continue to see increased growth. In addition to these similarities, both companies use a binary compensation plan and both companies have built their primary business around the sale of precious metals. For the remainder of this blog post, I want to spend time examining the key areas that set these two companies apart.
Don’t Preservation of Wealth And Numis Network Both Sell Coins?
The general assumption in the minds of most people is that Preservation of Wealth and Numis Network both sell coins. To a certain degree that statement would be true; however, there is a vast difference in the product offerings of both companies. For the sake of simplicity, let’s start at the point of commonality, both of these companies offer numismatic coins. Numismatic coins are those coins that have been graded by a third party grader. While both companies do offer some coins that have been graded by NGC and PCGS, considered the top two grading firms in the industry, the companies use additional third party graders for their monthly autoship coins. Preservation of Wealth has chosen to utilize the services of ICG, while Numis Network has chosen to use the services of ANACS. The current ratings of these graders by the CDN Coin Market Indicator show ICG with a grading average ratio of 70.49% as opposed to 57.56% for ANACS. For comparison, the ratios of NGC and PCGS are 79.54% and 79.27% respectively. These ratios are based on sight-unseen bids versus sight-seen bids. To further clarify, a coin graded MS70 by NGC unseen receives the same grade once it is seen 79.54% of the time.
Another major difference in the Numismatic offerings of the two companies is price. For example the 1987 Constitution DCAM PR70 (meaning proof with mirror finish) graded by ANACS sells in the Numis Network coin shop for a Preferred Customer price of $259. Preservation of Wealth sells that same coin, graded by ICG, on a sliding price scale that begins at $99 for one coin, $97 per coin for two and $95 per coin for three or more. Another example would be the highly sought after 2011 American Silver Eagle. This coin is sold in the Numis coin shop at a Preferred Customer price of $119.95 for an ANACS graded coin. Preservation of Wealth sells that same coin, graded by ICG, on a sliding scale that begins at $99 for one coin, $97 per coin for two and $95 per coin for three or more.
Preservation of Wealth and Numis Network Product Offerings
Numismatic coin pricing and choice of grading companies is not the only difference between Preservation of Wealth and Numis Network. Preservation of Wealth built their substantial customer base primarily through the offering of precious metals at dealer cost. In this aspect of their business, Preservation of Wealth goes head to head with the large online coin dealers such as Apmex, Kitco, Blanchard and Goldline. The company offers ungraded coins, bars, rounds and ingots at a substantial savings to these mainline vendors. Numis Network on the other hand has chosen to focus on the graded coins and has very limited bullion offerings.
Another additional difference between the two companies is seen in the benefits program offered by Preservation of Wealth. In addition to the ability to purchase bullion and ungraded coins at dealer cost, the company offers a complete package of complimentary benefits that includes legal review, travel benefits and cash back shopping mall.
Both companies offer the opportunity to build a highly lucrative business and accumulate collectible numismatic coins on a monthly basis. The prospective representative will want to give careful consideration to the target market and costs associated with both companies. A marketer who learns to effectively brand themselves, should be able to build a lucrative network marketing business with either Preservation of Wealth or Numis Network.
*Dislosure: Carl Willis terminated his business relationship with Preservation of Wealth in October of 2014