Looking for a local coin dealer is a very simple process as you will just search on google or look at the yellow pages for the appraisers and coins dealers near you and you will get so many of them.
The best guide in looking for a coin dealer near you is to get the one who is an expert in collectable and rare coins, has a stable business, is respected by his/her colleagues in the numismatic field and has high ethical and moral standards. As you can see by considering these research restrictions while looking for the coin dealers will make it easier for you. While you are looking for the coin dealer, there are so many questions that you may ask yourself
Some of the questions that you may ask yourself are:
- Does the coin dealer have a high level of experience?
It is good that the coin collectors and investors to learn the best way that they can use so that they can reap enormous benefits on their investment, unfortunately, a few people will work hard towards becoming experts. Usually, the coin dealers are paid so that they can become professionals, it is, therefore, good that you research to be ensured that you are dealing with professionals. One of the ways that you have to be careful is when it comes to the idea of dealing with unpredictable and sophisticated such as selling and buying coins. It is good that the coin dealer in Palm Desert has enough knowledge on how he/she can determine the actual values of the coins.
The best coin dealer in Palm Desert should have the ability to prove to you that he/she has enough of dealing with coins. It will be in your interest if you can ask for their portfolio or credentials before you sign a contract with them. You should also not fear to ask them why they are interested in dealing with coins. Also, ask them what made them get into this field.
- For what period will the coin dealer be around?
Before you do any transaction with the Palm Desert coin dealer, it is good that you consider how stable their business is. You may wish that the dealer be available in future if an issue with the coin arises. So many dealers so occur day by day, and many of them cease to exist after a few years leaving many people who have done business with them helpless. Find out if the dealer has assets and liabilities which indicate that the business is for a long run.
- Do other dealers know this dealer?
One thing that you will find is that a dishonest dealer will try his/her level best so that you can sign a deal with him/her. It is essential that you try to look for other coin investors or dealers who sell coins in Palm Desert so that you will know how other people regard them. In case the dealer is disrespected by other dealers then it will not be a good thing for you to do business with that dealer. For the beginners, it will be good if you find out if the dealer is part of the group other coin dealers. Many of the reputed groups only deal with dealers who are trustworthy.
- What are the ethics of the dealer?
Before you do any transaction with the dealer, you inspect the moral and ethical code no with the deals with you but the transactions that they have done with other customers. In case they do not treat the customers reasonably then should avoid them as they may not treat you well. You should not rush in trusting any dealer.
- Will the dealer give you any security if you get ripped off?
If something happens and you dispute with the dealer, it is good that you there is some protection for you. Sometimes you may be forced to take legal action if you cannot agree with the dealer. You will find that the cost of defending yourself in court can be expensive for you to afford. It is therefore reasonable that you protect yourself from getting to that level by looking for coin dealer who can give some form of security in case an issue arises.
Markham Numismatics – Coin Appraiser
74-710 Hwy 111, ste 102, Palm Desert, CA 92260