5 Tips on How to Find a Coin Dealer

While it is easy to find a coin dealer to find honest, qualified is much more difficult. Want a coin dealer who knows his subject, is financially sound, respected by his colleagues showed care ethics, and is used in the trial. Fortunately, we have PNG (Professional Numismatists Guild), an association of coin dealers who have met a number of strict rules to join. Take a closer look at these important standards for coin dealers.

5 tips on how to assess Coin Dealers

(1) Is there a coin dealer experience? There's an old adage about numismatics that says "Buy a book before buying the currency." While this is great advice and I highly recommend that follows, the truth is that not everyone can become an expert. If you are buying coins, especially for investment purposes, you want qualified staff, the currency of trust that can give you specific advice. Would freshman for advice on investing in the stock market? If not, then do not go to a coin dealer, unless you have solid credentials.

(2) coin dealer assets? Although the vast majority of coins on the market are real, sometimes there are some fakes that turn. Want to know what the dealer is likely to be still in business after five years if it turns out that $ 20 Saint-Gaudens High Relief treasure were high-tech forgery somewhere down the line. Although certification services and eased concerns that cutting some degree of financial stability of the coin dealer is a good indicator of the likelihood that he will be there for a long time and the economic capacity to offer a reward.

(3) a coin dealer, known to his peers? One of the best safeguards you can get is the use of a dealer who has been reviewed by peers before being allowed to join the Union. Ultimately, if the coin dealer has a bad reputation, or to adhere to in their own community, which is probably not a good choice for doing business. Especially when this activity is to invest in the future (or my children ").

(4) What are the ethics of the coin dealer? There is nothing more disheartening to me that standing on the table by the dealer at a coin show and see some old lady approach the dealer with a jar of coins from the United States, the dealer just to look at them and say: "I will give you 10% person that is all they are worth and I'm generous. " Coin dealer of this type is not just laziness, he hopes to score. He hopes there will be something in this bottle will mean a great reward for yourself. But even given the benefit of the doubt and attribute his actions to laziness, is that fair to your client? It relies on his experience. Want to do business with someone who treats their customers like that?Dealers of coins, which subscribe to a code of ethical standards, as adopted by the PNG is not enough to meet their customers to take that extra 2 or 3 minutes to look through the old lady jar and give an honest assessment. I agree information includes your goods fairly, honestly grade coins and treat people ethically. It sounds like the features you'd expect anyway, right? Unfortunately, this is not always so, so think about before choosing a coin dealer to do business.

(5) Do you have some recourse if you get ripped off? Coin dealers who are members in good standing of PNG have agreed to submit to binding arbitration to resolve disputes. This is a very important factor when buying expensive coins, coins for investment purposes. What happens if there is a conflict? If you choose dealers carefully coins may be out of luck unless you have time and energy to file lawsuits and complaints with government agencies. Why not avoid this opportunity to begin with and do business with dealers of coins, which have some recourse.