Coin Buying Guide - How and Where to Buy Coins

There are several ways to effectively buy coins,issues, bullion, and mint sets through mail order.
each method has pros and cons that are unique.Find a dealer with a good return policy and
Below we list the various ways and try to guidedevelop trust before making major purchases.
you through the processYou can get bad coins from any source, but via
Local Dealer - One of the best ways to findmail order you need to be careful about cleaned
quality coins is to find a local dealer you can trust.coins and polished coins being sold, as well as AU
Not only can they help guide you through thecoins sold as BU. One of the largest is Littleton
process of buying, they can educate you on whatCoin.
to avoid. Most local dealers are fairly wellOnline Store - This is a growing area for
connected and can help you find coins from theircollectors. We list numerous sites that sell coins
sources. In addition, many local dealers have buyonline. You get to see the coin scans and can
or bid boards where local collectors can post theirmake better purchasing decisions via an online
coins for sale.store. This has been a big advance for the coin
Coin Broker - There are brokers around thecollecting community. It is possible to substitute
country that specialize in procuring coins forcoins and fake photos, but this has not been
collectors. They will take a commission on the salerampant on the online sites. We list a number of
and are generally experts in numismatics. Theymajor dealers in our directory.
typically specialize in hard to find, rare coins atOnline Auction - eBay and Yahoo have large
higher price points. Many can be found advertisingauction sites for coins. eBay has probably the
in coin magazines.widest selection in the world. There are also
Coin Club friends - By joining a local coin club youmajor Auction houses with a presence online.
make connections and find friends that can helpMany widely respected companies such as
you buy or trade coins.Heritage, Bowers and Merena, and Teletrade have
Coin & Money Shows - Coin shows are greatonline auctions as well. See our auction listings for
places to buy coins. The selection can be verymore sites. You can find good deals, here, but I
large and diverse and you can compare grades,have found that online competition is high, so you
prices, and eye appeal. There is some competitionhave to invest time in searching and bidding.
between booths, so prices are usually reasonable.For eBay and similar online sites that allow anyone
Check Coin World magazine for listings in everyto sell: Be aware of the reputation of the person
state. There is also a national database atyou are buying from - there are risks similar to
Mail Order - Many companies advertise in nationalMail Order, especially from smaller dealers and
magazines or distribute catalogs nationwide toindividuals. [We have seen coins marked as MS63
collectors. Buying through mail order means thatthat are XF advertised on eBay for instance.] This
you cannot see they coin before you get it. Thisis a fun, easy way to buy, but we prefer to buy
can lead to disappointment, especially for olderslabbed coins (with photos) this way.
coins. It is safer to buy certified coins, modern