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 Silver Lake from.

Premier Gold Silver & Coins

4208 Union Rd, Buffalo, NY 14225

(716) 204-8800

Grand Gold & Silver Buyers

7166 Transit Rd, Buffalo, NY 14221

(716) 631-1909

Jack Hunt Gold & Silver

2746 Delaware Ave, Buffalo, NY 14217

(716) 874-7777

Richard Nachbar Rare Coins

5820 Main St Ste 601, Williamsville, NY 14221

(716) 635-9700

Busy Beaver Coins

5652 Main St, Williamsville, NY 14221

(716) 633-4500

Suburban Jewelry & Loan

1131 Walden Ave, Buffalo, NY 14211

(716) 891-9032

Tag Diamond Jewelry & Precious Metal Brokers

936 Dick Rd, Buffalo, NY 14225

(716) 634-6656

Lazer Tree Grafics

6589 Main St, Williamsville, NY 14221

(716) 633-4104

Jewelry & Coin Ctr

5652 Main St, Williamsville, NY 14221

(716) 633-4500

Harold B Rice

993 Kenmore Ave Ste 1, Buffalo, NY 14217

(716) 873-8201

Collector's Emporium

1082 Walden Ave, Buffalo, NY 14211

(716) 896-4919

Lincoln Coin & Stamp Co Inc

33 W Tupper St, Buffalo, NY 14202

(716) 856-1884

Dave and Adam's Card World

4254 Ridge Lea Rd, Buffalo, NY 14226

(716) 838-3300

Jewelry and Gold Exchange

1900 Empire Blvd Ste 21, Webster, NY 14580

(585) 478-6343

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.