When you are talking you time, effort, and money to invest in coin collecting you need to be sure to only do business with reputable people and businesses in the coin industry. One of the most important things you need to know is how to go about finding the best coin dealers. Below is some helpful information to assist you in protecting your invest in coins when looking for a dealer. Follow the tips below and you are sure to find the best dealer in the coin industry here on the United States.
Avoid Basement “Slabbers”
When you are considering doing business with any rare coins dealers you need to first find out if they are associated with one of the top three recognized coin grading services or “slabbers” as they are know in the coin world. The top three coin graders in the United States are PCGS, or Professional Coin Grading Services, NGS, or Numismatic Guaranty Corporation, and ICG, or Independent Coin Graders. All of these services use top currency experts called numismatic experts to grade coins. Other companies which are staffed with numismatic experts are referred to as basement slabbers. Basement slabbers generally overcharge to rate a coin and the rating they give are often inaccurate and nit recognized by coin collecting experts.
Online Dealers
One of the first places people tend to go to these days when it comes to collecting anything is the internet. While the internet can be a great source of information about collectible items such as coins it may not be the best place to find rare coin dealers. This is because many of those who sell coins online are not associated with the top three recognized U.S. coin graders. Most of the online dealers of coins use basement slabbers to determine the value of the coins they are selling. The result is that people often end up overpaying for a coin through an online dealer or they sell them a coin for far below the coins value.
Ask Questions
Before you go into any of the coin dealers you may be considering you will want to do some research about the type of rare coins you are going to look at. While you are there start by asking the dealer questions about the coins which you already know the answer to from your research. This can help you in determining if the dealer knows what they are talking about and whether or not they are trying to mislead you.
If a dealer tries to avoid your questions and seems to be trying to stop you from asking anything then they may not be a dealer you want t do business with. Remember that reputable coin dealers will encourage you to ask question about rare coins. A reputable will be happy to answer any questions their customers have because they are looking to create a long term business relationship with you instead of just trying to rush you into one quick sale.
Photo Credits: chrstphre
Originally posted 2010-08-16 04:34:05. Republished by Blog Post Promoter
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