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Friday, January 4, 2019

By Mary Baker


While it is not difficult finding a coin dealer, finding one that is honest and qualified is not as easy. You should get a dealer who is reputable, is financially stable and is respected by his peers. They should demonstrate that they have ethics and with good reviews. There is an association known as Professional Numismatics Guild, PNG, that dealers are supposed to be members. It has strict requirements for one to join. For the residents of San Antonio coin buyer selection is critical.

Among the most important factors that you need to consider is how experienced a dealer is. If you are dealing in coins for investment purposes, you need to get a person that is very knowledgeable. They are supposed to provide meaningful advice as regards sale and purchase of coins. You should let your buyer know your interests when you meet. You should know the length of time they have been in service and their specialization. Ideally, they should be members of the PNG.

If you meet a dealer who is just getting into the business, their experience is likely to be less. You should also be wary of those who say they specialize in all fields because that means they have minimal knowledge. You should ensure a coin dealer is a member of the PNG, which would show they are ethical and are committed to the work. Asking whether they have a partner helps too because having a partner indicates that they intend to have continuity in the business.

It will be of help to know whether that dealer has any assets. While most coins in the market are usually genuine, you are likely to find counterfeit or altered coins once in a while. That is why you need to be certain the dealer will be available in many years to come. They should be financially stable because that shows that should there be a dispute, they will be in a position to repay.

You should work with dealers who are well known and respected among the peers. Among the best forms of safeguards when you are choosing a dealer is that they need to get vetted by peers before joining the guild. Any person dealing in coins who has a bad reputation is never respected among peers. If in any case you are a member of a coins club, you could ask around whether they have any information about a prospective dealer. If there were problems, you need to know if they were solved.

The best dealers to work with buy coins from are those who subscribe to ethical standards like the ones that are espoused by the PNG. Such dealers are able to take their time to look at the needs of their clients and the coins. They will then give an honest appraisal. They are able to represent your merchandise in a fair way and grade coins fairly.

You should be assured of getting recourse in case you get ripped off. Any dealer that is a member of PNG is supposed to agree to a binding arbitration if at all there is a dispute with a client. That comes in handy especially for people buying coins for purposes of investment.

There are various places you can find buyers or where you can sell coins. It could be in a coin shop or physical auction. There are also online auctions or marketplaces.




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