Coin Collecting

Is It Safe To Sell Coins To A Dealer?


Coin collecting can be a lot of fun. This hobby which dates back to 2500 BC is much larger now since people are now able to collect currencies from other countries.

If a person decides to dispose of some of the coins in the collection, it is necessary to know its value by looking at a coin catalog or price guide. There are many ways to do this and one is looking for a coin dealer to do business with.

There are a lot of coin dealers around. Some can be found by asking the local coin club or a numismatist who can give a good referral while others can be found at an auction or in a coin exhibit. These people frequent such events looking for a good buy to add to an existing collection. A lot of these individuals can also be found on the web.

To be sure that the person is getting a good price from a coin dealer, it is an excellent idea to visit more than one place to find out who is willing to buy it at the highest price. If the person feels that the price is too low, then perhaps it is better to wait until another time since the value of coins depends on scarcity, condition and demand.

Some people think that doing business with a coin dealer isn’t a good idea since this person will offer to buy the coins at a lower price. This notion however is wrong since there are ways to ensure that this person will be honest.

To avoid by being conned by someone who claims to be a dealer, it is necessary to determine that this person is a member of the Professional Numismatist’s Guild. This organization is composed of the world’s renowned collectors of antique coins and paper money. Since there are strict rules that members abide by, one can be sure that the transaction is safe.

Coin dealers are not just there to buy something, these people may also offer for sale a coin that is valuable to the other person. By getting to know the dealer, an agreement can be reached that will benefit both parties, which does not always end mean buying, but also trading or bartering.

Everyone has the potential of making money even if this starts out with only a few coins. By knowing where to find these rare collectibles and doing business with a reputable dealer, one can be sure of making a profit – if not a small fortune.





Articles compliments of skaDoogle

Browse Our Information Mall

Coin Collecting


Other Interesting Articles

Why Is A Coin Grading Service Important?

Coin collecting has been a very popular hobby to many people of all ages. The marketing of coins has expanded widely and because of this wide the market prices of coins has varied immen... [Read more]

How To Grade Your Coins

A "grade" is described as a shorthand designed by coin experts (numismatists) to reveal a coin’s appearance. Simply put, if a certain coin collector tells another collector that he owns an uncirculated Charlotte 50 half eagle, both should already have a concept of the coins appearance without even seeing it, because of the claim of its g... [Read more]

The Basics Of Coin Collecting

Coin collecting is said to be the “Hobby of the Kings.” Coin collecting is different from money hoarding. Collecting coins as an art form can be traced back to the 14th century. Today, people all over the world are collecting coins. Some collect it for their value, some just like the sheer fun that they get from getting their hands on different c... [Read more]

What Are Factors That Affect The Value Of Coins?

When one is just starting in coin collecting, often the first question is: “What is the value of the coin?: and the answer is that the coin will cost as much as you are willing to pay for it and the amount can vary considerably. For instance, a coin dealer’s offer can be much less than a coin collector that certainly wants your coin badly to add in his collec... [Read more]

Coin Buying 101

There are various sources where those “special coins” can be purchased. The following are the basic methods and starting places to obtain the coin(s) you have long wa... [Read more]


 Watch Videos on "Collection"

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news

CoinWeek

New Million Dollar Coin: David Lawrence Rare Coins Sells 1879 Coiled Hair Stella
CoinWeek
David Lawrence Rare Coins (DLRC) has brokered one of the rarest U.S. gold issues from the 19th Century. Graded by PCGS Proof 66 Cameo, DLRC placed an 1879 Coiled Hair $4 Gold Stella for just over $1,000,000. This transaction solidified the coin as one ...



St. Augustine Record

Gold coins found in Salvation Army holiday kettle in Florida
St. Augustine Record
The Salvation Army of Broward County said two of the coins were discovered Wednesday. Another one was found Nov. 27. Officials said all the coins were wrapped in dollar bills. Each coin is worth a little more than $1,300. Alyse Gossman, the Salvation ...
Secret Santa donates coins worth $1500 to Salvation ArmyWSVN 7News | Miami News, Weather, Sports | Fort Lauderdale
Mystery donor again drops gold pesos into Salvation Army's Red KettleSun Sentinel
2 rare gold coins donated to Salvation Army's Red Kettle CampaignWPLG Local 10
CBS MiamiÂ-My Twin Tiers.com
all 184 news articlesÂÂ...


The Economist (blog)

Lessons from ancient Greek coinage
The Economist (blog)
THE Greek word for money, chrema, carries a significance its English translation cannot fully convey. “It means 'to need' and 'to use' together,” explains Nicholas Stampolidis, director of the Museum of Cycladic Art (MoCA) during a recent visit to the ...


Coin Collecting