How Can I Build My Connection Working With A Coin Shop Near Me?
coin
Coins

How Can I Build My Connection Working With A Coin Shop Near Me?

blog-article-mb

Coin collecting or “numismatics” is a wonderful hobby that offers you years of enjoyment along with the added bonus of potentially making money on your investment. One of the true joys of the hobby is searching for the pieces you are interested in when building your rare coin collection. You can spend months or even years searching for the perfect specimen to fill a gap in your collection and the hunt is a large part of the fun!

If you are just getting started or if you are advancing and find yourself having trouble locating specific coins for your collection, finding a local dealer near you to work with can be a great benefit. Unfortunately, not all dealers are created equal. Some are less then reputable and might not give you the best price, or if you are collecting raw coins, maybe a bit liberal when it comes to grading.

If you are a beginner, one way to avoid grading issues is to buy pre-slabbed certified coins that have been graded by one of the reputable coin grading services like the Professional Coin Grading Service (PCGS), the Numismatic Guaranty Corporation (NGC), or America's Oldest Coin Authentication and Grading Service (AOCAGS). These coins are certified as authentic and accurately graded making them a little easier to price and when the time comes, sell.

Regardless of whether you choose to buy raw or pre-slabbed coins, it’s important to find a reputable, reliable coin shop to do business with. Let’s looks at a few ways you can narrow the search and answer the question “How can I find a coin shop near me?”

BUY RARE COINS ONLINE

Finding A Knowledgeable and Reputable Local Coin Dealer

It is fairly easy to find a coin dealer. Finding an honest, reputable, reliable one is a bit tougher. There are certain characteristics to look for and questions to ask when looking for an honest dealer. Here are three tips to consider.

  1. Are they experienced? – There’s an old saying among coin collectors, especially for newbies to the hobby: “buy the book before you buy the coin!” When it comes to coin collection, knowledge is your best friend. There are so many variables that can affect the price of a coin from its rarity and condition to if it’s been cleaned or “artificially toned." If you are investing your money into coins, you want to work with a dealer that is knowledgeable and honest. The best way to gain knowledge yourself is to work with someone who already has it and is willing to share it with you.
  2. Do they have any assets? – Most coins on the market are genuine, but fakes do exist. You want a dealer that has some assets and inventory to make sure that they will still be around in five years. Financial stability is a good sign that your dealer will last and that in the event of a problem, they can provide recompense.
  3. Is your dealer known and respected among his peers? – The coin market is a relatively small community. One of the best ways to determine if your local dealer is reputable is to ask around. Collectors and other dealers are always a good source of information. Another way to tell if a dealer is respected among their peers is to check with the guilds.

Where to look Among Guilds and Trade Organizations

There are several organizations that require dealers to be vetted by a committee of their peers before they are able to join. The first place you should look when researching dealers is the Professional Numismatists Guild (PNG). If a dealer proudly displays they are a member of the PNG you can be sure you’ve found an honest, knowledgeable and reliable dealer. The PNG is the oldest coin guild in the nation and members are required to meet several stringent criteria before they are considered for membership, including vetting by a board of their peers. The PNG offers an online coin dealer directory where you can search for a dealer using several different criteria, including location.

Two of the certification services are also great resources when it comes to choosing a reputable dealer. Both the PCGS and the NGC offer resources that can help in your search for a local coin dealer. While not as stringent as the PNG, both PCGS and NGC have fairly strict guidelines for member dealers. You can get more information by visiting their websites online.

Building a coin collection is a wonderful hobby that can provide you with years of enjoyment. Finding an honest, reputable dealer takes some legwork but once you do you will be rewarded by having a partner that can help you to find and buy the coins you’re looking for. Along with doing online research and consulting the guilds and trade organizations, finding a reputable local dealer can be as simple as joining a local coin-collecting club or visiting a local show. One of the best sources for information are other coin enthusiasts. Many communities have local clubs that sponsor shows throughout the year. You can check for local clubs using the American Numismatic Association’s coin club directory. The directory is searchable by location and is a great resource for finding other like-minded collectors in your town.

IF YOU ARE INTERESTED IN BUILDING YOUR COIN COLLECTION, CONTACT U.S. COINS AND JEWELRY, HOUSTON'S MOST TRUSTED SOURCE, AT 8435 KATY FREEWAY IN HOUSTON OR CALL 713-597-6367.

 

Sources:
http://coins.about.com/od/coinbuyingadvice/qt/findcoin_dealer.htm
http://coins.about.com/od/coinbuyingadvice/qt/coin_dealers.htm
http://www.jmbullion.com/investing-guide/buying-physical-metals/local-coin-shops/
https://png.memberclicks.net/find-a-png-dealer

SELL US something from your collection

SELL TO US

WE'RE MEMBERS OF

WHAT OUR CLIENTS SAY

Absolutely phenomenal communication and service!! Kenny and the team are absolute rock stars!! Many more purchases to come in the future!!! Highly recommend.
- Gus Aslanidis
U.S. Coins and Jewelry has been my go to for buying and selling coins, silver and gold for years. My most recent experience was quick and easy. The staff are friendly and helpful. They really take the fear and uncertainty out of investing in precious metals and coins, and their exchange fees are very reasonable.
- Stephen Peterson
They are the best at helping you build a rare coin collection, bullion sales, & jewelry. I always recommend my friends & family go there. I'm a long time customer from 2011 to date. They have access to some of the finest rare coins out there.
- Robert Dean
Came in just to browse walked out with an engagement ring and got a solid deal! Highly recommend place for all your needs. Have been coming for years Anthony was a great help thanks again!
- Daniel Nino
I walked into this place for the first time and was wonderfully greeted by some very friendly associates. This shop is a treat and seeing all the great things it had to offer was amazing. From comic books to coins to even art and watches this shop has it all. I will most definitely be coming back and they offer great deals on buy backs. What a time to be invested in precious metals!
- Muhammad Hamdan
They were very professional, personable and efficient. They trusted - without seeing the actual paper - the quote I received elsewhere for a Rolex watch. They didn't meet it - THEY BEAT IT! Very nice, safe place to do business.
- Monica W
Before going to U.S. Coins, I went to another location much closer to me and the price they gave me did not seem right. So I went to U.S. Coins and they more than double the buy. After speaking to the person I dealt with I decided to only sell my deceased wife's necklace and they still gave me much more than I would have gotten from the other dealer. U.S. Coins were polite and very easy to deal with.
- Tommy Clements
Great bunch of guys, very knowledgeable and honest and always ready to help and make a deal. Always great prices on coins and bullion. Leave smiling every time knowing I got a great deal. Thanks guys y'all are great!
- Larry Brooks