Potential coin buyers looking for a Coin dealer in OKC need to do their home work before they select one. It’s important to consider the coin dealer’s experience, assets, reputation, and ethics, as well as what recourse buyers have if they’re not satisfied.
Is the coin dealer experienced?
When potential buyers first meet a coin dealer, they need to ask questions to determine what kind of coin dealer they’re working with. These questions are:
* How long have they been a coin dealer?
* Do they have a specific specialty area?
* Are they a member of the PNG or ANA?
* Do they have a brick and mortar shop or do they just attend coin shows?
Getting answers to these questions will help potential buyers determine what kind of dealer they’re working with.
Do they have any assets?
Even though most coins are genuine, fake and doctored coins do occasionally turn up. It’s important to make sure the coin dealer will still be in business in 5 years, in case a buyer finds out they purchased a fake coin.
Are they known among their peers?
One of the best ways to make sure a coin dealer is reputable is to find out if their peers have vetted them before they’re allowed to join a guild. If the coin dealer doesn’t have a good reputation with their peers, they’re probably not a good person to do business with. Are they ethical?
If a coin dealer is only willing to give a person a small amount over the face value of a certain coin, chances are they’re not an ethical person. A reputable coin dealer should follow ethical standards that other coin groups, such as the PNG and ANA, follow. What recourse do buyers have if they get ripped off?
Coin dealers who are full PNG members need to agree to submit to binding arbitration when a dispute arises. This is important to remember if you’re buying expensive coins, or if you’re buying them for investment purposes.
Once potential buyers have answers to these questions, they’ll be able to choose a coin dealer that they feel comfortable with and that they know they’ll get a good deal from. When looking for a Coin Dealer in OKC, be sure to check out .
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