When you are getting into the world of coin collecting there are several things you need to know. One of the most important pieces of information you need to know is how to go about finding the best rare coin shops near you. You need to know this because there are so many individuals and businesses which are cashing in on coin collector by means of deception. Knowing who to go about finding the best rare coin shops you will be able to better protect yourself from making bad investments or being scammed on the sell of coins on your collection.
Look for the Right Seal of Approval
Here in America coins have there values determined in part by a grading system called the Sheldon Grading Scale. This rare coin grading scale is said to be one of the best in the world. The Sheldon scale consists of 70 points which are used to grade coins based on their condition. The grade of a coin is important because it is what helps to determine the monetary value of the coin and it can indicate how rare a coin is. All reputable coin traders and business in America use this one grading system.
There are three main professional slabbing companies, or coin graders, which are recognized by reputable coin collectors across the country. These companies are PCGS, NGC, and ICG. Most the slabbing businesses outside of these three are considered unprofessional and referred to as basement or garage slabbers.
Since the big three professional slabbers are so widely recognized and align themselves worth reputable rare coin shops you will want to do business at rare coin shops which have been approved by, or has the seal of approval from one of these three companies. This will not only ensure that any coins you are looking at in these shops have been properly and accurately graded.
Note the Service you Receive
Before you go into any rare coin shop do some research about the coins you are looking for. When you go in be sure to ask the individual assisting you questions about the coins you already know the answers to from your research. How receptive the sales person is to answering your questions and how the answers they give you to your questions can be very telling. If the sales person seems guarded and is not receptive to your inquires about the coins or if they give incorrect answers to your questions you will not want to do business in that shop.
The best rare coin shops in America will have sales people who are open and willing to answer any questions you may have about any rare coin in their shop. The best shops will have sales people who are very knowledge about the inventory they carry in the store. Remember, the best coin shops will treat you the best because the want to make you a long time repeat loyal customer.
Photo Credits: Mukumbura
Originally posted 2010-08-10 18:36:22. Republished by Blog Post Promoter
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Buying and Selling Coins, Coin Collecting, Finding Coins, Rare Coins
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