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Buying Coins With Expert Advice From Colonial Coins: Part 1Buying Coins With Expert Advice From Colonial Coins: Part 1Buying Coins With Expert Advice From Colonial Coins: Part 1

Buying Coins With Expert Advice From Colonial Coins: Part 1

January 17, 2018 by Colonial Acres Coins

Last updated on May 2nd, 2024 at 03:36 pm

Last Updated on May 2, 2024 Posted by Colonial Acres Coins

When it comes to either building or expanding your coin collection, it is important to keep in mind that there are more ways than one to accomplish that. There are several places that are usually very reliable for purchasing coins, including numismatic auctions, numismatic shows, and exhibitions, professional dealers who have a store and a mail/order department, as well as relatives or friends who have coins for sale. However, even if you start with friends or relatives, you will eventually have to turn to a professional coin dealer like Colonial Acres to help complete your collection.

Professional Coin Dealers: What To Look Out For

Prior to opting for a professional dealer, it is a good idea to examine several points before you set foot into a professional coin dealer’s shop. Turning to a professional like Colonial Acres is always an interesting experience, but pay attention to the followi

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ng:

  • Never expect the impossible when dealing with a professional coin dealer
  • Search for a professional “vibe” when you visit a coin shop for the very first time
  • Ask the coin dealer for information the “right” way

Don’t Expect The Impossible When Dealing With A Coin Dealer

Why? Because a dealer always has to take into account their overhead costs like rent, taxes, salaries and so on, even though they will always try to satisfy your needs. While it is human nature to always want to feel like you have gotten a bargain on a coin you have purchased, try to be fair to the dealer. Do your best to avoid getting a reputation of demanding a discount on every coin you purchase. Coin dealer profit margins vary significantly depending on the item. While most dealers will try to accommodate you during most purchases, you should not expect to get away with a “steal.” (Visit Colonial Acres Coins for some good deals on various coin pieces).

Look For A Professional “Feel” When Visiting A Coin Store For The First Time

A professional atmosphere is something that exists in many coin stores like Colonial Acres and lacks in other ones. The best way to gauge the level of professionalism in a particular coin store is to observe how the merchandise is displayed and packaged. The dealer themselves should be an individual with detailed knowledge of the coins they sell. They should also treat and handle coins in a way as if they were collecting and caring for them themselves. If you see the dealer being unnecessarily rough with the coins and handling them improperly, it means they don’t care about the coins and much less about the collectors interested in purchasing them.

Ask The Coin Dealer For Information The Right Way

There is both a “right” and a “wrong” way to ask coin dealers for information. If you plan on asking the dealer questions that take some time to answer, make sure to do so when they are not busy serving other customers or answering the telephone. This will be greatly appreciated by the dealer. Don’t question the prices a dealer pays for coins unless the coins belong to you. Additionally, it is a bad idea to make a higher offer to the coin seller on their coins while they are in the dealer’s shop. If you keep your questions courteous and brief, chances are the dealer will be more than happy to help. For more information on coin deals, visit Colonial Acres Coins.

Want To Purchase Coins From A Reputable Professional? Turn To Colonial Acres

If you are thinking about trying your luck with a professional and reputable coin dealer that has a long history of helping customers start their coin collections, look no further than Colonial Acres. Colonial Acres Coins has been in the coin dealing business for more than two decades. It is the ideal one-stop shop for all numismatics hobbyists, professionals, and passionate individuals. Rest assured that Colonial Acres Coins should be your go-to reso

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urce if you are searching for a risk-free coin dealer extraordinaire.

Click here to read Part 2

 

Filed Under: Canadian Coins Tagged With: Colonial Acres

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