Coin Dealers – 4 Things You Need to Know about Them

coin values

Coin Dealers – 4 Things You Need to Know about Them

Article by Richard A. Manfredi

Investing in gold bullion coins is something that more and more people are turning to. After all, the value of a gold coin isn’t depleted by problems in the global economy. In fact, as the economy has gotten worse, the value of gold bullion coins has gone up!

However, to get the very best gold coin collection, you need to work with a reputable dealer. Unfortunately, though, all coin dealers are not created equal. Before you start working with one, there are 4 things that you need to know:

1.The best dealers have the biggest inventory to choose fromIf you see a coin dealer who doesn’t have a whole lot of coins to pick from, then he’s not a very good dealer! The top-quality coin dealers will have access to things that the average or sub-par guys don’t. So, before you commit to working with anyone, check out his inventory. That will tell you a lot about him!

2.Only certain coin dealers get gold bullion coins manufactured by the U.S. government

Coins that are backed by a particular government are worth more; if you can get something minted by the U.S. government, you’re looking at something very valuable. However, the Mint only produces a certain number of coins each year - and they are picky about who those coins go to. If your potential gold coin dealer has something like American Eagles, you know you’re talking to a quality dealer.

3.Good coin dealers have been in business for awhile - and plan to stay that way

You never want to plan on having trouble, but it’s nice to know that your dealer will be around to help you if any issues arise. A good coin dealer will have a long history and plenty of inventory. Those two things can help show that you’re dealing with someone who runs an honest business - and someone who plans on staying in business for awhile. That way, if trouble pops up a year, or even 5 years, from now, your dealer will be around to help you fix it.

4.A good dealer will understand the value of gold bullion coinsSure, a gold bar sounds like a great investment. After all, how can you ever go broke if you have a safe full of gold bars? However, it’s not that simple.

Coins can actually be far more valuable. Remember, coin collectors have no interest in bars.If you ever need to sell off part of your collection, you’ll want as many potential buyers as possible. But if coin collectors aren’t interested, you’ll have trouble finding buyers.

Byzantine Coin Values. A guide.

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