A Coin Exchange on Pacific Coast Highway

The Best Thing About Coin Dealers

There are two major categories of coin dealers the retailer, and the wholesaler that aggressively seeks to bring new material into the marketplace, and often attends coin shows, local auctions, and runs advertising offering to buy coins. Most of this material is sold in bulk lots to retail-based dealers.

One of the best ways to prepare yourself for the seasoned coin dealer, would be to know the wholesale prices he or she pays for their coins. A commonly used standard in U.S. coins is the Coin Dealer Newsletter, this is printed on grey paper and comes out weekly.

A buyer needs solid information on which to base their calculations of what to pay. An inventory is usually a starting point for discussion. It doesn’t mean the dealer doesn’t want to see what you have. He will ask if and when you are ready for the next step.

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