Buying gold and silver coins is a great way to diversify your investments, protect yourself from the weakening dollar or a currency collapse, or to just have fun collecting. If you want to make sure you get the best value for your money, you need to find a reputable coin dealer. Here are some things to look for in a safe and reliable gold and silver coin dealer:
- Check the Better Business Bureau rating. If the company has more than a couple of complaints against them, or they have a bad rating, you might want to consider doing business elsewhere. Also be sure to check on the amount of time they have been in business and do some general research on each company you have thought about.
- Compare prices. To make sure you are getting the best value on the gold and silver coins you are purchasing, check the Internet for other dealers’ prices, then compare that price to the price your local dealer is offering. If the dealer has marked up the prices considerably, you might be paying more for overhead than you are for the coin itself.
- Ask for references. Check around with your friends, business associates, and other people you know who also purchase gold and silver coins. Ask which dealers they use and which dealers they would avoid, and ask specific questions about why a particular dealer is good or bad, especially if you start to hear conflicting reports.
- Know your product. There are some dealers who will try to sell fake coins for the price of the real deal. If you know what you are looking at and what characteristics a real gold or silver coin has, you will not get ripped off by an unscrupulous coin dealer who is only watching out for his bottom line.
Coins of the Realm is a trusted coin dealer. We specialize in gold and silver coins, stamps, autographs, diamonds, and precious metals. Contact us today for all your coin buying and selling needs.