When buying coins online, whether for a hobby or for investment purposes, we need to choose the right source. For example, we might come across an online company that may offer inexpensive deals on bulk orders of certain amounts. These may be good for buying coins from if we are just starting out in a hobby. But for the serious numismatic (coin collecting) enthusiast, or for those of us looking to invest in our futures, we need just a bit more. Allow me to explain.
To acquire coins of real historical value, it is best to guarantee genuineness with certificates of authenticity and other supporting documents, whether buying rare and ancient coins, or those of a limited issue commemorative type, online or off line. Not all companies out there are required to conform to certain regulations, so we need to be watchful and aware of whom we are buying coins from – especially online, as with using the internet, we are reaching the whole world. Different geographical locations may have different regulations or even none at all.
Certain organizations have been put into place for our protection in this regard, and it is best to deal with those purveyors of fine specimens who are members of these organizations. Are they a member of the American Numismatic Association? Do they abide by the requirements of the Industry Council of Tangible Assets? How well do they stand with the Better Business Bureau? These are questions you should be asking yourself when buying coins online. Check possible prospects for their credentials to get more assurance of what you are investing in.
