Coin Shops – How to Deal With Them

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For coin collectors, Coins are for the most part very interesting items to collect. It is also one of the best ways to understand the various conditions or events in history that triggered in the coins being minted. You can buy coins in Auctions, on the internet even other collectors, but the best way to get good quality coins in which to begin your coin collection is with coin shops.

I am not saying the auction or the internet is not a good place to buy coins for your collection. But Coin shops will have people who are well-educated about coins. They also have a lot of different coins that can be sold. But most of all the people buying and selling coins are also collecting themselves which means you will find a person who shares your interest in coins.

Another advantage of coin shops is that the dealers can see what your collection is like. But like I stated in other articles coin appraisals are different from shop to shop. Many factors are responsible for that, but most of all it is due to the coin grading knowledge of the dealer. As in every industry you will find honest coin shops and dishonest ones, it is always recommended to look for a coin shops with a good reputation.

When you go to the coin shops in your area keep in mind the type of coins you are collecting. As you may like to add more civil war or colonial time coins to your collection, look for coin shops that sell and purchase these types of coins.

Some coin shops buys, sell and deals with coins of a certain metal. They can help you locate dealers or coin collectors who will be able to sell you coins made of gold, silver and platinum.

Like I wrote earlier you will also find coin shops on the internet, while they make your life easier in a way, choosing the coins you want from the comfort of your home, keep in mind that you will have no way at looking at the coin and see if you want them in your collection.

Paying big money for low value coins is not the way you want to go. From time to time you may fall victim to coin shops that have very little experience in selling coins. Try to avoid those shops as they will be emptying your pockets.

Look at things like:

– Are they reputable

– Do they have good experience in purchasing and selling coins

– Do they sell the type of coins you intend to collect

– Can they help you locate dealers that will sell you any type of coins you like

– But most of all look carefully at the shop reputation before making any buying decision.

Finally, I'd like to thank you for reading this article and I hope it was helpful information.

Happy collecting!

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