Choosing a Rare Coin Dealer - a Few Tips
Choosing a Rare Coin Dealer - a Few Tips
Although with the advent of the internet, finding a rare coin dealer has become easy, finding a credible and qualified one, is still a difficult task. It need not be so, if you were to take into consideration certain factors.
The first and foremost aspect that you need to look for in a coin dealer is experience. It is a fact that not everyone can become experienced overnight. Since you are in the market for buying rare coins, you should always try and look for a dealer who can give you accurate advice. Remember, rare coins do not come cheap it is no use going to a novice. Moreover, with so many counterfeit and fake coins going around the market, it is always preferable to seek the services of an experienced and credible rare coin dealer.
One good indicator of a dealer’s credentials would be the credential that they enjoy within the numismatic community. Another good indicator for a credible dealer would be a membership with a reputable organization such as the ‘Professional Numismatic Guild’ or PNG. Any member of the PNG is supposed to follow particular ethical standards and would therefore be a good choice.
Another important aspect that you need to look in a rare coin dealer is customer service. Does the dealer actually enjoy clarifying your doubts? It goes without saying that you need to avoid dealers who are pretty inaccessible or genuinely lack enthusiasm while dealing with collectors. You must also find out whether the dealer that you intend to choose regularly participates in auctions or not. Remember, those dealers who regularly participate in auctions are more aware of the current market conditions and therefore in a better position to guide you.
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