Many honest coin dealers are listed with the Better Business Bureau (BBB). Before shopping at any coin shop, be sure the coin dealer has good BBB ratings and has no negative marks - such as many complaints or unresolved customer claims.īy the way, if you’re going to buy coins on eBay, be sure to check the coin dealer’s feedback ratings on eBay first. Honesty is always the best policy, and it’s a business policy every coin dealer should live by. This is really a shame - because the few bucks that coin dealer might unscrupulously make on a sale will likely pale in comparison to the amount they will have to pay in lawsuits or lost business if the word gets out about their unfair business practices.
Refuse to offer buyers recourse on their purchases.Get away with selling misrepresented coins.There are many great coin dealers around, but there is also the occasional coin dealer who thinks they can: If you find a coin dealer who practices solid business ethics, you’ve struck gold. #2 – Make Sure The Coin Dealer Has A Solid History Of Good Business Practices You may get some candid feedback about larger, more well-known coin dealers if you ask around on coin collector forums such as CoinTalk and Coin Community. Some coin dealers are nationally known - they even publish advertisements in coin magazines and newspapers.
Just ask if they have any recommendations on coin dealers that they’ve had good experiences with. Chances are, your more experienced coin club friends are familiar with the better dealers in your neck of the woods and would be glad to make some coin dealer recommendations for you.Įven if you aren’t a member of a coin club, you can still reach out to local coin clubs on social media. If you’re a member of a coin club, find out what coin dealers your fellow coin club members patronize.
#COIN DEALERS NEAR ME HOW TO#
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