Almost every coin collector has one missing from his collection that he or she would like to acquire. Yet there have been instances when people have gotten cheated especially if they weren’t careful about the type of coin dealer they picked to help them.
While the saying ‘prevention is better than cure’ definitely applies, as you would have to press legal charges to get the money that is owed to you. Since this can take forever, it is advisable for you get it right before you sign on the dotted line. Meaning, remember to pick the right dealer in order to get that silver dollar you’ve been looking for…
So here are three things that can help you to keep in mind before choosing a dealer:
#1: The Professional Numismatics Guild (PNG)
If you are looking for a dealer with ethics, it is important to find someone who is part of this group as it is a qualification that tells you a lot about the professionalism and experience of the coin dealer. Another option is the American Numismatics Association (ANA).
#2: References
Just as you should ask for references whether you are looking for a freelance contractor to get some home renovation done or even in hiring a babysitter for your kids, it is important for you to obtain some references when picking a coin dealer as well. If they have a lot of satisfied clients, there’s a greater chance that you will be happy with their services.
#3: Specific specialty in coins
If you are looking for a particular coin (for example, the gold American eagle) then it is a good idea to find a dealer whose specialty is in locating these kind of coins for this clients as it enhances the likelihood of finding the coins that you want.
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