Getting into the coin market can be an investment that stays with you for the rest of your life. For this reason, the first purchase and every other purchase that you made are extremely important. That's why you need to make sure you find the best person in the area to buy coins in Garden City from.

Numismatic Assets Inc

900 Walt Whitman Rd, Suite 105, Melville, NY 11747

(631) 425-6203

Whitman Coin & Jewelry Inc

552 Walt Whitman Rd, Melville, NY 11747

(631) 673-0111

We Buy Gold Inc

1225 Sunrise Hwy, Copiague, NY 11726

(631) 464-4344

JTG Investment Co.

765 Sharon Rd, Copiague, NY 11726

(631) 842-0934

Ridgewood Coin & Stamps

5913 71st Ave, Ridgewood, NY 11385

(718) 381-3601

Montauk Buy and Sell

654 W Montauk Hwy, Lindenhurst, NY 11757

(631) 450-4040

Sunrise Gold Buyer

47 e Sunrise Hwy, Lindenhurst, NY 11757

(631) 991-3755

Epic Star

152 W Hoffman Ave, Lindenhurst, NY 11757

(631) 991-7163

Coin World Wholesaler

9 E Hoffman Ave, Lindenhurst, NY 11757

(631) 923-2998

New York Gold Buyers & Pawn

24-07 Steinway Street, Astoria, NY 11103

(718) 267-2712

Astoria Coins & Collectibles Corp

2106 30th Ave, Astoria, NY 11102

(718) 545-3606

Stick Art Design

2302 29th Ave, Astoria, NY 11102

(718) 639-4376

Buy & Sell Jewelry

2540 Shore Blvd # 10T, Astoria, NY 11102

(888) 518-4740

New Rochelle Jewelers

20 1/2 Division St, New Rochelle, NY 10801

(914) 576-1677

Why should I buy coins?.

Investing in coins is a trend that has been on the rise. This is because the value of these coins go up in time, meaning you can easily make a return from it. There are some that are worth more than others, depending on the age and purity of the metal. Many of the coins were used as currency and usually carry their worth factoring in some of these factors. It is therefore, important to try and buy some of this coins because it will be a very big advantage for you going forward. Below are some of the reasons why you should buy silver.

 

Inflation hedge

Many people buy gold and silver coins when they want to hedge against inflation. In the 1970s, gold and silver prices skyrocketed in response to price inflation that went to 13%. When the Federal Reserve brought inflation to normal, many of the gold and silver coins that had been purchased in the 70s were sold and the sellers converted it into paper investments.

 

Worst case scenarios

There are also some people who buy the gold for survival purposes because they fear the worst. One of the concern for them is the Federal Reserve printing so many dollars that the worth of the dollar becomes nothing, which has been the case for many currencies that cannot be redeemed for gold or silver. Another fear for this people is financial meltdown which would force the banks to be closed. When the value of the currency lowers, then many investors find themselves in a position where their investments are lower. People who invest in these coins believe that in an event of a financial meltdown or the currency becomes worthless, they can use the coins in exchange for goods and services. This means they will have an easier mode of survival.