We've identified ten attributes that you should look for before you conduct business with a coin dealer. It’s important that your coin collector be honest, transparent with respect to their rates, knowledgeable, established in the industry, have a solid reputation, conduct business in a professional manner, offer competitive rates, use discretion, patiently answer all of your questions and provide a safe environment in which to conduct business. Finding a dealer that possesses all of these qualities will go a long ways toward having a successful experience.

1. to Look for in a Coin Dealer
10 Essential Qualities

2.  Whether you’re new to the coin industry or are a
grizzled veteran, the coin dealer that you choose to
do business with is possibly the great contributing
factor to your…

3.  A simple search on the internet will reveal dozens of
local and online coin dealers, but how do you
separate the wheat from the chaff?

4. In this article, we’ve explore the 10 essential qualities to look
for in a coin dealer to help increase your chances for success
whether you’re in the market to buy or sell coins.

6. HONESTY
 As in all walks of life and in any
business venture that you might
want to pursue, dealing with an
honest individual is essential.
From a buying perspective, you
want to make sure that you’re
purchasing an authentic coin that
has not been altered in any way.
From a selling perspective, you want to be sure
that the coin dealer is relaying accurate information
and is offering you a fair price for your coins.

8.  In some respects, this
attribute is similar to
honesty, but from our
perspective, it has
more to do with the
buying and selling
rates of your coins.
It’s important that the coin dealer be forthright with respect
to the prices that they’re offering you for your coins and that
they’re willing to share with you the price guides and coin
resources that they use to determine their offer price.
TRANSPARENCY

10.  This is really where a coin
dealer can separate himself
from the competition.
Individuals that have little to
no knowledge of coins,
including key date, low
mintage or variety coins,
aren’t able to identify these
coins for you.
This means that you could potentially be leaving hundreds,
if not thousands of dollars on the table.
KNOWLEDGEABLE

12.  An established coin dealer who has
years of experienced is typically
more knowledgeable than a start-up.
While not all established companies
are well run, the assumption is that
they must be doing something right
to have endured in a competitive
industry over a number of years.
Avoid brand new or fly-by-night companies, as they
oftentimes are established to take advantage of the
latest trend in the industry, such as rising gold
prices.
ESTABLISHED

14.  The reputation of a coin
dealership is extremely important,
and is something that you should
take the time to research before
entering into a transaction. This
may have been difficult to do in
years past, but with the prevalent
use of the internet, and in
particular, the popularity of social
media, it’s now possible to find out
anything about a company that
you would like to know.
Also, don’t forget to research a company’s
standing with the Better Business Bureau.
REPUTABLE

16.  Always seek to conduct business
with professional coin dealers and
coin shops. This includes, but is
not limited to your initial
impression of the person that you
speak with, the surroundings of
their office, and the coin
consultant that you’re working
with. A true professional won’t
allow their emotions to get the
best of them.
There are times when you may not be able to agree on a price.
PROFESSIONAL

18.  We all want the best deal that
we can possibly get when
buying or selling products and
coins should be no different.
While the coin industry is a
competitive industry, not all coin
dealers buy and sell coins at
prevailing market rates.
A coin dealer who is willing to share with you their buy or
sell rates on their website or over the phone typically
offer among the most competitive rates.
COMPETITIVE

20.  We all enjoy our privacy, and it is
expected when you deal with personal
matters, such as your health, financial
transactions, etc. Dealing with a coin
dealer should be no different. This
means that you should expect for your
transaction to remain private.
Additionally, your personal information
should not be shared or sold to anyone
outside of the company.
Be sure that the coin dealer you have selected
respects your privacy and that they will keep all
aspects of your transaction confidential.
DISCREET

22.  If you’re new to the coin industry, or
have been designated as an
executor over an estate which
includes a large coin collection, it’s
likely that you have a number of
questions. While conducting
research on the internet is helpful, it’s
oftentimes not possible to obtain
answers to all of your questions.
The coin dealer that you select should be willing to take as
much time as is needed to make sure that you’re completely
comfortable before entering into a transaction.
PATIENT

24.  This attribute is oftentimes
overlooked, but is extremely
important…especially if you have
thousands of dollars of coins that
you’re buying or selling. Avoid coin
buyers in undesirable areas. Make
sure that you’re in a safe environment
and that the coin dealer offers a
designated area away from the
general public in which to conduct
business.
Coin dealers that offer to see you by appointment will ensure that
your transaction remains out of the view of others.
SAFE

25. Finding a dealer that possesses all of these
qualities will go a long ways toward having a
successful experience.