Frequently Asked Questions

Aurum Trading LLC is the numismatic trading arm of Tawani Enterprises LLC. Founded in 2017 AUTLLC provides a variety of numismatic services with an emphasis on U.S. gold. Our Numismatic advisors David Greenstein and John Ringer bring significant experience and industry knowledge to the team. Learn more about our team here.

Storing coins properly is extremely important. Gold coins are not particularly reactive, so you have a little flexibility to where you store them. Copper coins are extremely reactive, so it is necessary to keep them extremely dry. Depending on the number of coins you own, storage options include safe deposit boxes at a bank, a high security home safe or a depository. Insurance is also crucial in protecting your assets. We can work with you to weigh the best options for your collection.

Aurum Trading emphasizes the importance of owning physical gold. That means you will have the physical metal and be required to arrange storage. There are depositories you can work with but then you are not in full, immediate control of your metal. If you are not comfortable with physical storage then it may be best to work with your investment advisor and purchase ETFs, Futures, or Options so that you can benefit from the moves in metals and not have to worry about storage.

The most common type of appraisal we offer is insurance or replacement cost appraisal. This assigns a retail value to your holdings. These are essential in order to insure your collection with any reputable company.

Purchase appraisals assign a price at which we would purchase your holdings. This is a current snapshot of the market which gives you the option of liquidating your holdings so it is a true market price. Other appraisals can be for estate purposes. These either assign a wholesale or retail value to the coins as of the date of death or date of inheritance.

We provide a free consultation before providing appraisals to make sure the benefits will outweigh the cost.

We cannot put rare coins into an IRA. There are specific bullion coins that can be put into an IRA if held by a depository as custodian.

If you have concerns about the Wayfair decision, please visit the Industry Council for Tangible Assets (ICTA) website at ICTAonline.org. They are the coin and precious metals industries’ trade association with up-to-date information.

Please reach us at 312.374.9453, info@aurumtradingllc.com, or fill out this contact form.