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 Navesink from.

Check-X-Change

321 Maple St, Perth Amboy, NJ 08861

(732) 442-3373

Richmond County Rare Coins

1570 Richmond Rd, Staten Island, NY 10304

(718) 667-6648

We Buy Gold of Staten Island

82 Rockne St, Staten Island, NY 10314

(917) 559-9431

Richmond County Rare Coins

1570 Richmond Ave, Staten Island, NY 10314

(718) 667-6648

Michaels Jewelry of SI

2626 Hylan Blvd, Staten Island, NY 10306

(718) 979-5356

Jeral Jewelers Inc

2655 Richmond Ave # 1360, Staten Island, NY 10314

(718) 698-5183

Royal Coins and Gold

2655 Richmond Ave, Staten Island, NY 10314

(347) 589-2116

Staten Island Pawn Brokers

515A Morningstar Rd, Staten Island, NY 10303

(347) 343-5378

Staten Island Coin Investors

1399 Forest Ave, Staten Island, NY 10302

(718) 370-2600

Northeastern Jewelers

2791 Richmond Ave, Staten Island, NY 10314

(718) 698-5183

Werth's Coin & Jewelry

1570 Richmond Rd, Staten Island, NY 10304

(718) 667-6648

Superior Rare Coinage And Collectables Inc

41 E Main St, Freehold, NJ 07728

(732) 294-5676

Buy Rite Designs

88 Vanderveer Rd, Freehold, NJ 07728

(732) 294-9000

Century Coin

90 Wilson Ave, Manalapan, NJ 07726

(732) 792-0808

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.