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Coin Dealers
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Coin dealers are not just there to buy coins, these people may ... offer for sale a coin that is valuable to the other person. By getting to know the dealer, an agreement can be reached that will benefit both parties, which does not always end mean buying, but also trading or bartering. You may want to join a coin club sharing the same interests and passion for coin collecting with others can be alot of fun.
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Consigning your coins to a dealer can be an efficient, convenient option for coin selling. The basic idea is very simple: You consign your coins to a dealer, who then maintains your coins in his inventory. When one of your coins sells, you get the cash, minus a commission fee. It's easy for you, plus you benefit from the the dealer's experience and established connections. Dealers enjoy the consignment option too, because they increase their inventory and the opportunity to earn additional income, all with no new capital outlays.
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Like the owner of an appliance store, the coin dealer knows when wholesale costs increase this will result in a reduction in inventory or a need to find additional funds to maintain the same level of inventory. Finding this fresh money is seldom an easy thing to do. Because coin values may decline even more rapidly than they rise, every dollar the dealer invests in inventory is potentially at risk. When the market goes south the dealer is often the one who takes the greatest hit.
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You should be able to easily locate a coin dealer near you (your phone book or online telephone directory generally lists coin dealers under the heading of “coins” or “coin dealers”). Furthermore, there are ... many reputable coin dealers who offer their services over the internet as well as through the mail. If you are to shop at a coin dealer's physical store, realize that some dealers work on an appointment-only schedule. Before visiting a coin dealer, it would be wise to call the store to find out if they accept walk-ins (most do). While on the phone, be sure to verify that the dealer indeed sells and buys the kinds of coins you would like to purchase or sell.
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The 1999 Numismatic Dealer Directory is the only source for information on over 5,000 of the nations Coin Dealers. Included are street addresses, phone and fax numbers, email and web-site addresses as well as specialty display ads. You can ... find: grading services, supplies, auction houses, coin shows, and several other categories. Get a FREE copy by subscribing to any of the CDN family of publications for a minimum of 1 year (a $25 value).
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There are two major categories of coin dealers - the wholesaler and the retailer. The wholesaler aggressively seeks to bring new material into the marketplace, and often attends coin shows, local auctions, and runs advertising offering to buy coins. Most of this material is then sold in bulk lots to retail-based dealers.
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Coin Dealers