Key Steps To Take When Buying From Coin Dealers

Posted on: 25 January 2022

If you're looking to get into coin collecting, one of the best sources you can use is a coin dealer. They probably have a large collection of their own, so you can find something that fits into your collection perfectly. If you take these steps, you can have better experiences when working with these professionals. 

Find a Dealer That Likes to Educate Their Customer Base

There may be a couple of coin dealers in your area that you can buy from, but it's important to find one that is willing to educate you. That's particularly important if you don't have a lot of experience buying coins.

They have to make a profit in order to keep their shop running, but they'll help you learn more about the coin business to help you build up a collection you're happy with. Find a coin dealer that goes out of their way to provide these educational experiences, so that you feel supported and in good hands. 

Be Careful When Holding Their Inventory

You don't want to damage any coin before buying from a dealer because that decrease its value. There are a couple of handling protocols that will help you preserve any coin you might want to potentially buy from a coin dealer.

Start with cleaning your hands before touching the dealer's inventory. That will keep oils and residues from getting on the coins, which could otherwise cause fading and other structural damage over time. If the dealer has coins in cases or folders, keep them there. The dealer probably put them there for a reason, whether it's because they're valuable or pretty fragile.

Attend Expos

If you're looking for more coin variety when building up a collection, one thing you can do is visit coin expos. Then you'll be able to meet a lot more coin dealers than you potentially can in your own city, especially if it has a small population.

These expos will let you get in touch with coin dealers that are from around the country, which lets you access more coin varieties. Then you can pick and choose coins that impress you the most.

If you're looking to start collecting coins — whether it's for the fun of it or to make profits — then you'll be coming in contact with coin dealers. As long as you respect their buying protocols and do everything to protect yourself during these transactions, coin collecting will remain a fun and rewarding experience.