Is the Coin Dealer or Coin Source a Reputable One?
If you’re going it alone then there’s one burning question you should ask first before you proceed too much further. And that’s if the coin dealer or trader is a reputable one who is trustworthy. This will play a big part in whether you want to get the coin or not.
To do this, you can ask around and do some research to find out what other collectors think of the coin dealer. Also each country has their own particular coin collecting or numismatic associations which will have the good coin dealer within its registers.
If the coin dealer who is selling the coin isn’t on any of these registries, you might want to think twice about going through and buying the coin. Also another thing you’ll want to find out is whether the coin is actually part of the coin dealer collection or whether it’s part of another collector’s.
If the coins don’t belong to the coin dealer then the price you’re paying for the coin also includes the dealer’s markup as well. By going straight to the source as it were, you can avoid this additional cost and deal with the owner yourself, unless of course you’ve been with this particular coin dealer for a while now.
Unbelievable bargains are just that: unbelievable. If you see something that’s an unbelievable bargain from a coin dealer, don’t stop and look at it twice. This might just cause you to part with your money on something you don’t need and really shouldn’t have, in the first place.
Walk away from this unbelievable bargain as fast as you can and don’t look back. The Latin “Caveat emptor” isn’t there for nothing. “Buyer beware” is something that you should always consider when you’re buying anything of value, not only coins.
In this case, although you might think you’re getting a rare coin, or a coin of greater value, you might in actual fact only be getting something that’s face-value or maybe even considerably less.
To do this, you can ask around and do some research to find out what other collectors think of the coin dealer. Also each country has their own particular coin collecting or numismatic associations which will have the good coin dealer within its registers.
If the coin dealer who is selling the coin isn’t on any of these registries, you might want to think twice about going through and buying the coin. Also another thing you’ll want to find out is whether the coin is actually part of the coin dealer collection or whether it’s part of another collector’s.
If the coins don’t belong to the coin dealer then the price you’re paying for the coin also includes the dealer’s markup as well. By going straight to the source as it were, you can avoid this additional cost and deal with the owner yourself, unless of course you’ve been with this particular coin dealer for a while now.
Unbelievable bargains are just that: unbelievable. If you see something that’s an unbelievable bargain from a coin dealer, don’t stop and look at it twice. This might just cause you to part with your money on something you don’t need and really shouldn’t have, in the first place.
Walk away from this unbelievable bargain as fast as you can and don’t look back. The Latin “Caveat emptor” isn’t there for nothing. “Buyer beware” is something that you should always consider when you’re buying anything of value, not only coins.
In this case, although you might think you’re getting a rare coin, or a coin of greater value, you might in actual fact only be getting something that’s face-value or maybe even considerably less.
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