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☆ What You Need to Know About Buying U.S. Coins from Silver Coin Dealers
U.S. coinage has a very long and rich history. This history has produced a wide variety of coins; including silver, gold and the current coins in circulation which are composed of copper, zinc, manganese and nickel. There are bullion coins, commemorative coins, and special proof sets available for coin collectors and coin investors. Several options exist from which to choose if you’re interested in buying U.S. minted silver coins, including local silver coin dealers, online coin dealers, or other coin collectors. Here’s what you need to know about buying silver U.S. coins from silver coin dealers:
Think about why you want to acquire silver coins.
People have many different reasons for acquiring silver coins. Perhaps you’re interested in collecting coins for their collectible or numismatic value, for their historical significance or as an investment. Silver coin dealers can assist no matter your reason for purchasing silver coins; especially if you’re in search of a particular coin or a coin in a certain grade.
Find a trustworthy and reliable silver coin dealer.
While there’s no shortage of silver coin dealers to choose from, you should search for one that is trustworthy, credible and reliable. If you’re a member of a coin collecting club or know of other coin collectors, ask them for recommendations of silver coin dealers. If you don’t know of any or can’t find any reputable coin dealers in your area, you may want to conduct a search for online silver coin dealers. Include on your shortlist coin dealers that have positive reviews from satisfied customers and that are members in good standing with the Better Business Bureau. Whether the coin dealer is local or online, never feel pressured to transact with a silver coin buyer that you’re not completely comfortable with.
Consider purchasing U.S. silver bullion coins rather than coins with high numismatic value.
If your primary goal in collecting coins is for investment purposes, buying pure U.S. silver bullion coins might one of your best options. In 1986, the U.S. Mint began producing uncirculated and proof versions of the American silver eagle coin. They contain exactly one troy ounce of pure silver and are some of the most recognized and desired coins worldwide. The U.S. Mint makes these coins available to the public each year and silver coin dealers also keep regular supplies on hand. The price is dependent on several factors such as the spot price of silver, supplies available and demand in the marketplace.
In summary, before buying silver U.S. coins from silver coin dealers, there are several factors that you should consider to increase your chances for success. First, think about why you want to acquire silver coins. Next, find a trustworthy and reliable coin dealer. Lastly, consider purchasing U.S. silver bullion coins rather than coins with high numismatic value, unless your primary goal is to collect old and rare coins.
Submitted by Guest Blogger:
Atlanta Gold and Coin Buyers
2013-04-03 08:06:17
Source: http://finerarecoins.blogspot.com/2013/04/what-you-need-to-know-about-buying-us.html
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