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Questions to Ask about Coin Dealer Supplies

Coin collecting is a hobby that attracts many people all over the world. Some have dreams of selling that album full of rare old currency that they found in the attic, while others find considerable value and happiness in collecting antique or commemorative coins, storing them in lovingly kept books. In any case, there are some considerations you should keep in mind before you buy supplies from a coin dealer.

  • Are you a member of the Professional Numismatists Guild?
    It isn't necessary for coin dealers and suppliers to belong to the PNG, but its members usually adhere to the highest standards of professionalism in the field. Among other requirements, members must have at least five years of experience and agree to follow the Collector Bill of Rights. The Guild lists its members on its website.

  • How should I clean my coins?
    You should avoid cleaning coins, especially rare ones, without expert guidance. Improper cleaning of coins can damage them and reduce their sale value. If you want to have your antique gold or silver coins appraised by a dealer, you should resist the temptation to clean them first.

  • How should I start a coin collection?
    Many dealers supply inexpensive starter kits to beginners. If the dealer wants you to spend a lot of money right away, you should probably shop around for a new one.

  • What coin grading service do you recommend?
    There are many companies that professionally grade coins; the two most respected are the Professional Coin Grading Service (PCGS) and the Numismatic Guaranty Corporation (NGC).

  • How should I handle my coins?
    Coins in mint condition will not stay that way for long if handled incorrectly. Any dealer knowledgeable about coin supplies should be able to tell you the correct holders and albums in which you can store your collection.
  • American Numismatic Association Money Museum
    If you are involved in numismatics and are looking for a coin dealer or related supplies, find them through our association. Offering the highest quality services through our members.
    MAP
    Write review for this local business

    STANDARD LISTINGS:   COIN-DEALERS-SUPPLIES IN/NEAR ALBANY
    Olde Saratoga Coin
    1 review: *****
    1593 Central Ave Ste 2, Albany, NY 12205
    (518) 452-0963 Write review for this local business

    "Great place to sell. They were patient, looking carefully at each item, and fair in their pricing. ..."
    Ferris Coin Company
    1 review: *****
    114 Central Ave Ste 1, Albany, NY 12206
    (518) 434-3860 Write review for this local business

    "Dealt with Wendell. Very entertaining gentleman. They buy a little lower and sell a little higher than local competitors. The place is a mess, but they know what they're doing - very old school. ..."
    Christopher's Coins Write review for this local business
    76 Chestnut St, Oneonta, NY 13820
    (607) 432-0192  
    We buy gold/silver jewelry, bullion, coins and more. Member of ANA, BBB, PCGS Authorized Dealer. Our business is based on reputation. Many new customers are result of referrals from other satisfied customers.
    William S Panitch Inc Write review for this local business
    3 Computer Dr W Ste 122, Albany, NY 12205
    (518) 489-4400  
    Empire State Coin Write review for this local business
    640 New Loudon Rd, Latham, NY 12110
    (518) 608-6645  
    Philip Alexander Jewelers Write review for this local business
    471 Albany Shaker Rd Ste 2, Albany, NY 12211
    (518) 438-4810  
    Empire State Coin LLC Write review for this local business
    1 Crossgates Mall Rd, Albany, NY 12203
    (518) 452-2500  
    A Past Treasures Write review for this local business
    129 Columbia St, Cohoes, NY 12047
    (518) 233-0030  
    State Street Coin & Jewerly Write review for this local business
    735 State St, Schenectady, NY 12307
    (518) 377-4011  
    Empire State Coin Write review for this local business
    25 Broad St, Waterford, NY 12188
    (518) 238-3932  
    Norwood Coin & Jewelry Write review for this local business
    501 Columbia Tpke, Rensselaer, NY 12144
    (518) 477-2193  
    Vault The Write review for this local business
    10 Caroline St, Saratoga Springs, NY 12866
    (518) 583-3479  
    Olde Saratoga Coin Write review for this local business
    219 S Broadway Ste 1, Saratoga Springs, NY 12866
    (518) 580-2336  
    Berkshire Hills Coins & Estate Jewelry Write review for this local business
    222 Elm St, Pittsfield, MA 01201
    (413) 499-1400  
    Pittsfield Precious Metals Write review for this local business
    93 1st St, Pittsfield, MA 01201
    (413) 443-3613  
    Eagle Coin Company Write review for this local business
    475 Union St Ste 4, North Adams, MA 01247
    (413) 664-6600  
    Double Eagle Coins Write review for this local business
    36 N Main St, Gloversville, NY 12078
    (518) 725-8255  
    Northeast Trading Company Write review for this local business
    5917 N Elm Ave, Millerton, NY 12546
    (518) 789-6360  
    Colonial Stamp and Coin Write review for this local business
    91 Boices Ln, Kingston, NY 12401
    (845) 336-5390  
    Educational Coin Co Write review for this local business
    300 Wall St, Kingston, NY 12401
    (845) 338-4972  
    Laurel City Coins & Antiques Write review for this local business
    462 Main St, Winsted, CT 06098
    (860) 379-0325  
    The Collector Galleries Write review for this local business
    11 Bridge St, Northampton, MA 01060
    (413) 586-1580  
    New England Coi Write review for this local business
    7 Day Ave Ste 102, Westfield, MA 01085
    (413) 568-5050  
    Torrington Gold & Coin Exchange Write review for this local business
    99 Main St, Torrington, CT 06790
    (860) 618-2274  

    Coin collecting is a pastime for many, but can a love for it become a business? It comes easily for holders of large collection books: become a coin dealer! These dealers travel to and from trade shows while fishing the internet and antique shops for finds. Building up supplies to sell at markup is the end result of happy hunting in the world of currency dealing.

    It’s not easy to turn coin dealing into a real job, but with business sense it’s possible. One must first be knowledgeable in old, rare monies to achieve profit, as these are the most valuable. A potential dealer must also be holder of a large supply of currency that they are unafraid to disperse. Finally, a dealer must have negotiation skills when shopping for supplies, getting the best value for supplies. Being able to appraise one’s antique coins is also handy, but is not totally necessary.

    As a coin dealer, one can elect to specialize in a certain currency depending on their knowledge and value. Silver and gold coins are very high-value items that sell quickly due to their metal composition. Rare currency in mint condition fetch high prices; if the dealer is savvy enough to put an album of them together, a sale can be made faster with a kit.

    Dealers do not need any formal training to pursue sales-- all it takes is a love of commemorative, or rare, coin collecting and strong salesman instincts. Having good judgment in buying is important when distinguishing coin grades and price points.

    Love money? Probably, but not quite so much as the coin dealers who love and sell their supplies for more than their original worth.



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