Spotting Legitimate Precious Metal Dealers

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 21, 2025

In this episode of Hard Money Matters on AM 930, host Kyle Warren and John Maben of Pegasus Coin and Jewelry discuss how to identify trustworthy companies in the precious metals market. Maben, with over 40 years of experience, highlights red flags such as cold calls, high-pressure sales tactics, and fear-based pitches often used by marketing-focused "boiler room" firms disguised as reputable dealers. He advocates for face-to-face transactions and education over impulsive purchases, emphasizing Pegasus’s role in guiding customers without pushing sales. The conversation also addresses elder fraud risks, the dangers of house calls by dealers, and the irrelevance of customer-made coin lists for professional evaluations. Maben explains the historical shift away from silver in U.S. circulating coins post-1964, the prestige of the Professional Numismatist Guild, and the differences between pawn shops and specialized dealers like Pegasus, reinforcing the importance of informed decision-making in this unregulated industry.