Get The Facts On Buying Rare Coins With Rare-Coin.org
November 3, 2009 – As our nation’s financial markets have stripped value from portfolios and retirement accounts, many US investors stood by and watched helplessly…but not all. Certain investors have diversified into physical gold and silver bullion and rare coins, and these investors have gained between 30-90% on those assets within the last year. Other investors now want to know how to buy rare coins, so let’s briefly cover the basics of rare coin investing together.
Conduct a background check on any potential rare coin dealer. I check the Better Business Bureau (www.BBB.org) and Amazon Alexa (www.Alexa.com) before I do business with any company. Only invest with a firm that has an A+ rating with the Better Business Bureau, or five stars with Amazon Alexa.
Once you have found a reputable dealer, speak with a rare coin specialist who patiently listens to your investment goals before making a recommendation. Ask the broker what they’re commission and delivery charges are, and do business with non-commissioned representatives if possible.
Since you worked long and hard for your money, don’t put all your eggs in one basket. Take a small position with the company, let them earn your long-term trust and business. If you are pleased with the way they operate, you can initiate full diversification. Financial advisors typically recommend between 25-30% gold diversification during volatile economic periods. For short-term (1-14 months) investors, this means a bullion purchase. Investors who want to hold their precious metals for years without fear of government confiscation should hedge with certified rare coins.
It’s that simple. You now know how to buy rare coins. Contact the Certified Gold Exchange directly to see if you qualify for their large-volume discounts; if not, they can always point you in the right direction.
Shawn Penny
Senior Staff Writer - Rare-Coin.org
