Lawrence Frederick Diamond Gallery Rare Coins & Gold Buyers
612 Main St, Boonton, NJ 07005(973) 334-0900
What To Do With Your Gold Coins
Once upon a time it was considered a fantastic investment to buy and save gold coins. These precious items were squirreled away under mattresses, in safety deposit boxes, and even in the wallets of their owners.
These days people still invest in them, but one is more likely to uncover a stash in Grandma's house. What to do with them then becomes the topic of debate. Many people will store them elsewhere for a day when they will be more necessary. Even more people will want to sell them. If not today, then perhaps a few years from now.
But who do you sell your coins to?
The first place many people will go to is the internet, whether to get more information on their coins or to try to sell them.The danger with this is that you may not get what the gold is actually worth. If you're not a professional, then this danger goes up exponentially. Instead, it's a better idea to go elsewhere, such as a professional dealer.
Dealers can be found all over the world. In fact, you are likely to find a qualified one near you, or at least in a bigger town. They can also work as appraisers to let you know how much your collection is worth. If you would like to sell, then they can buy them from you or connect you with someone who is interested.
It is recommended, however, that you research a dealer before using their services. While most are perfectly honest, others may wish to low-ball your coins' worth so they get a better deal themselves. No matter how you came across your coins, we recommend that you get them appraised today. Even if you don't want to sell now, it's important to have that information for the future.