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.
You should find out whether the dealer has any assets. Inasmuch as majority of coins that are in the market are genuine, there are occasions in which counterfeit and altered coins turn up. You should be certain that the dealer will still be in business in years to come. The financial stability of dealers will indicate they are able to repay you if there is a dispute.
Your ideal dealer needs to be recognized by the peers. One major safeguard is for you to deal with a coin dealer who has been safeguarded by his peers before they can join the PNG or any other guild. Having a bad reputation means a dealer will not have respect among his or her peers. Should you be a member of a coin club, members can tell you whether they have dealt with a dealer in one way or the other. If there were problems, you should know whether they were resolved.
Your most ideal coin buyer or seller is one who has subscribed to ethical standards such as those espoused by PNG. They will take time to consider needs of clients and the coins they are dealing with. They will then provide an accurate and honest appraisal. Such a dealer will represent your merchandise fairly and also grade all coins fairly.
It should be possible to get recourse whenever you are ripped off. Dealers who are members of PNG agree to binding arbitration if in any case there are any disputes that should be resolved. That helps people who look to purchase coins for 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.
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.
You should find out whether the dealer has any assets. Inasmuch as majority of coins that are in the market are genuine, there are occasions in which counterfeit and altered coins turn up. You should be certain that the dealer will still be in business in years to come. The financial stability of dealers will indicate they are able to repay you if there is a dispute.
Your ideal dealer needs to be recognized by the peers. One major safeguard is for you to deal with a coin dealer who has been safeguarded by his peers before they can join the PNG or any other guild. Having a bad reputation means a dealer will not have respect among his or her peers. Should you be a member of a coin club, members can tell you whether they have dealt with a dealer in one way or the other. If there were problems, you should know whether they were resolved.
Your most ideal coin buyer or seller is one who has subscribed to ethical standards such as those espoused by PNG. They will take time to consider needs of clients and the coins they are dealing with. They will then provide an accurate and honest appraisal. Such a dealer will represent your merchandise fairly and also grade all coins fairly.
It should be possible to get recourse whenever you are ripped off. Dealers who are members of PNG agree to binding arbitration if in any case there are any disputes that should be resolved. That helps people who look to purchase coins for 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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