Located in Durango, Colorado

Colorado Coin Loan Program

We offer low-interest loans on gold, silver, and platinum bullion as well as semi-numismatic precious metals.

Let’s go over a scenario with a coin collector (in this case, we will call her Jane.)

Jane has been stacking up gold and silver bullion for the last 10 years. Due to life circumstances, she has now found herself needing $10,000 to pay some bills, but she doesn’t want to sell her gold because it has been a good investment for her that she trusts.

She also knows she is due for a $10,000 tax return and should be receiving it in the next couple of months. Jane calls Colorado Coin Dealers and wants to know how many of her 1-ounce gold Canadian Maple Leafs she needs to send to us for collateral. We tell her that we can lend her $10,000 if she sends us 7 Maple Leafs for collateral.

Colorado Coin Dealers walks Jane through the mobile pawn app and emails her the contract. Jane signs the contract and ships her gold via registered mail. Colorado Coin Dealers receives the gold and grades the Maple Leaves as “BU” just as Jane stated.

Colorado Coin Dealers then releases funds to Jane via wire transfer and she tells us she will drive down from Denver, Colorado as soon as she gets her tax refund.

After 30 days, Jane has yet to receive her tax refund and checks her mobile pawn app and sees that a $300 interest payment is due. Jane makes a payment and renews the loan for an additional 30 days. After 2 more weeks go by, Jane finally gets her tax return and calls Colorado Coin Dealers to arrange payment. Jane still wants to come to Colorado Coin Dealers to visit Durango, Colorado but cannot make the trip for another month or so.

Jane doesn’t want to continue paying interest on her loan so she mails us a cashier’s check for the sum of $10,300 and asks Colorado Coin Dealers to continue storing her gold in the vault for another few weeks. The following month Jane makes the trip to Durango to pick up her gold and while she is there she checks out Colorado Coin Dealers’ outstanding coin collection.  Through this short term loan, Jane only paid $600 in interest and realizes that she is money ahead of her other option of refinancing her home. Jane totals up the amount she would have paid for an appraisal, loan origination fee, closing costs, and interest on the $10,000 amortized over 30 years and recognizes Colorado Coin Dealers has saved her thousands.

Jane is impressed with Colorado Coin Dealers’ integrity, value, and ease of doing business and wants to learn more about Colorado Coin Dealers buy program to sell some of her silver bullion.