Detroit coin dealers

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Questions to Ask When Dabbling in Coin Dealing

Coin dealers have a knack for determining the value, price, and worth of rare and antique coins. They can get you currency exchange values on various pieces. They can help you as to what to buy and how you should sell your old scrap metal. However, they can only provide this expertise if they are a reputable dealer. Ask the following questions when you look to spend your money in this world of dealing.

  • Is this a certified dealer?
    A certified dealer will tell you what you need to hear in the way of prices and what your pieces are worth. They have a distinct knowledge of bullion and commemorative coins. They can also get you the best bid for copper, nickel, gold, silver, and platinum pieces. In short, certified dealers value the art of coinage and are not in the exchange business simply to make a sale and earn another dollar.

  • What type of coinage do you deal in?
    Once you know the pieces you are interested in, you can narrow your search to the right dealer for you. You may be interested in collecting only silver or gold pieces. You may want to center your collection on the eagle coin and complete an album featuring these pieces only. The right dealer will hunt them down for you.

  • Can the dealer tell me how the condition of the coin impacts value?
    Condition of individual coins do not change the paper money value on them. As long as it can be appraised by the proper eye, no matter how old the coin or medal, it will still hold dollar value.

  • How should I start coin dealing?
    Individuals who participate in the coin dealing trade typically start buying as a hobby. Start with a small and specific collection. Experienced and trustworthy dealers will guide you through rookie questions.
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    Cranbrook Coin and Jewelry Write review for this local business
    33437 Woodward Ave, Birmingham, MI 48009
    (248) 530-1248  
    Coins, currency and coin dealers in the local surrounding city, also buying scrap gold and sterling. We also offer stamps, gold, silver, platinum and other types of coins.
    Bedford Coin & Jewelry LLC Write review for this local business
    7400 Lewis Ave, Suite F, Temperance , MI 48182
    (734) 863-1005  
    We are coin dealers that offer assistance with all products. These different products include gold, silver, dollars, antiques, paper currency, and much more. Visit our shop for your needs.
    AAA Diamond & Gold Write review for this local business
    3330 Rochester Rd, Troy, MI 48083
    (248) 743-1500  
    Abbott's Coins & Jewelry Write review for this local business
    33700 Woodward Ave, Birmingham, MI 48009
    (248) 644-8565  
    Ronnie's Jewelery & Loans Write review for this local business
    7716 Cooley Lake Rd, Waterford, MI 48327
    (248) 360-5626  
    Universal Video Inc Write review for this local business
    11085 Blaine Rd, Brighton, MI 48114
    (810) 632-0255  
    Tri-City Trading Post Write review for this local business
    14324 N Fenton Rd, Fenton, MI 48430
    (810) 750-1644  
    Bedford Coin & Jewelry Write review for this local business
    7400 Lewis Ave Ste D, Temperance, MI 48182
    (734) 863-1005  
    Emily's Gse Jewelers Write review for this local business
    4062 E Harbor Rd, Port Clinton, OH 43452
    (419) 732-6691  
    Tim Lapointe Rare Coins Write review for this local business
    1911 Indian Wood Cir, Maumee, OH 43537
    (419) 509-6301  
    Westlake Coins & Collectibles Write review for this local business
    25967 Detroit Rd, Westlake, OH 44145
    (440) 250-1607  
    Carat Coin Collectibles Write review for this local business
    30131 Lorain Rd, North Olmsted, OH 44070
    (440) 734-8175  
    Coin & Jewerly Buyer of America Write review for this local business
    5444 Pearl Rd, Cleveland, OH 44129
    (440) 843-6600  
    Independence Coin & Collectables Write review for this local business
    6495 Brecksville Rd, Independence, OH 44131
    (216) 524-3520  
    Coin & Jewerly Buyers of America Write review for this local business
    12616 Rockside Rd, Cleveland, OH 44125
    (216) 581-9800  
    Bay Area Indoor Flea Market Write review for this local business
    3787 E. Wilder Rd, Bay City, MI 48706
    (989) 392-1669  
    Howard Coin Shop Write review for this local business
    119 E Main St, Leipsic, OH 45856
    (419) 943-2612  

    Coin dealers buy and sell gold, silver, and other collectibles. Many specialize in rare copper pennies, nickels, and dimes. Others purchase larger values like quarters, half dollars, and dollars. There are also collectible commemorative species, eagle bullion, and scrapped misprints. Foreign currency is also popular throughout the world.

    Selling, exchanging, and purchasing requires some knowledge of the hobby. Experts look at the condition, mint, and current demand. Many values depend on the current market. If platinum, gold bullion, and silver prices are high, the items are worth more. Buyers pay more for specific mints. Complete sets usually sell fast. If you've saved every coin from a specific year, you're certain to get more interest from bidders. It's possible to purchase a collection and have it double in value within a year.

    Collecting these items frequently starts as a hobby and progresses into a business. These business owners search flea markets, exchanges, and online auctions looking for deals. Trade shows are also popular. They use their antique guide to price the items. They also appraise the value and condition for consumers. Before putting money up for auction, have it appraised by a professional.

    If you have old paper or metal money for sale or want to purchase them, a certified dealer is the best place to start. Local merchants offer the best appraisals because they can see the condition close up. They'll use a magnifying glass to look for stains, scratches, and imperfections. You'll know within minutes how much your metal and paper money is worth.