Insights into Coins and Precious Metals Trading

Podcasts > Hard Money Matters

Hard Money Matters is a weekly radio program originating from Sarasota, Florida and featuring John Maben of Pegasus Coin & Jewelry, and hosted by overnight talk show host Kyle Warren. Each week John and Kyle discuss the precious coin and jewelry marketplace, how it fits into the contemporary investment world and how folks can access the large inventory Pegasus has to offer

The show airs Saturday afternoons at noon on AM 930 The Answer in Sarasota. Listen each week LIVE here, call John at Pegasus Coin & Jewelry at 941-725-6100, visit their website

https://www.pegavault.com/

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Saturday, June 14, 2025

In this episode of Hard Money Matters on AM 930, host Kyle Warren and John Maben of Pegasus Coin and Jewelry explore the dynamics of buying and selling coins and precious metals. Maben explains how Pegasus maintains a manageable inventory, relying on special orders for larger transactions, and emphasizes the face-to-face approach over shipping due to security concerns. The discussion covers the declining value of proof and mint sets due to a shrinking collector base, the risks of overpaying at estate sales, and the modest markups (2-6% for bullion, 10-40% for numismatic coins) compared to higher margins in telemarketing or jewelry sales. Maben warns against "traveling roadshow" scams that exploit uninformed buyers and shares how age influences investment preferences, with younger buyers favoring gold and seniors often selling for liquidity. He also highlights Pegasus’s adherence to anti-money laundering regulations, including refusing suspicious cash transactions, underscoring the risks and lack of federal oversight in the industry.