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Thursday 10 November 2011

How to Select Coin Dealers in Georgia

By Glen Phillips


There are plenty of coin dealers in Georgia that you can talk to when looking to sell or buy coins as an investment. The state of Georgia boasts one of the best concentrations of coin dealers compared to other states. This is because Georgia's rich history as a member of the Thirteen Colonies lends itself well to a celebration of historical artifacts of which coins rank as a highly valued commodity. Given the sheer number of coin dealers Georgia, it is therefore important to pick the right kind of dealership; one with which you can establish a strong working relationship, and that you can trust to continue to do business with.

So how do you choose out of the many coin dealers Georgia establishments? Consider these tips to help you narrow your choices and come up with a shortlist that you can personally checkout.

1. A business reputation is immensely valuable; much more than the coins that are being bought and sold. Coin dealers have to maintain an impeccable reputation; otherwise, they run the risk of losing a substantial amount of business. One way to narrow down your choices is to determine if you're working with a transparent coin dealer. Transparent coin dealers don't hesitate to share with you their buying and selling rates as well as the process that they use to determine the price they're willing to pay for your coins.

2. A family-owned business continues to be one of the more trusted and reliable kind of coin dealership because of the personal affiliation and fierce loyalty to the brand and tradition of buying and selling coins. Compared to the fly by night companies that have only been recently sprung up to exploit the increase in gold price, a family owned business has likely seen up and down markets and can provide valuable insight to assist you with your coin buying or selling.

3. Take advantage of your location. Georgia is flush with coin dealerships competing against each other so it's a buyer's market. Gain knowledge with respect to coin buying or selling as well as inside information as to which dealers can be trusted. This information can usually be obtained by discussing coin dealerships with others that are in the business or by searching a coin dealer's reputation online.

4. The business of dealing with coins has a lot to do with getting the best price, and in Georgia it becomes easier because of the number of coin dealers available. This means you need to exercise patience in talking to as many dealers as you can for the best price. It will also allow you to determine which coin dealers to avoid from their attempts to pay less for your coins or charge more than market value.

5. Let's not forget that when researching the ideal coin dealer, customer service should be second only to the coin dealer's prices. The coin dealer in Georgia that you select should be willing to answer questions after the sale of a coin, or be willing to provide free no-obligation coin appraisals if you're interested in selling your coin collection.

Look for these traits and best business practices to find the right coin dealer in Georgia for you. Once you establish a good working relationship with your coin dealer, you can feel comfortable knowing that the coin dealer will likely be looking out for your best interests.




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