The Coin Shop – Wilmington, NC
Here Are Answers To The Most Frequently Asked Questions.
People have questions, lots of questions, when it comes to collecting and investing in gold and silver. Here are our answers to their questions!
Silver typically offers lower entry costs per ounce compared to gold, making it more accessible for smaller investors while still providing a hedge against economic uncertainty.
Purchase from reputable dealers, like The Coin Shop, and verify the authenticity with certifications or trusted grading services, and educate yourself on common counterfeit indicators specific to the type of coin you’re purchasing.
Bullion coins are valued primarily for their metal content, while numismatic coins derive value from rarity, historical significance, and collector demand beyond their metal value.
Start with coins that interest you personally or focus on specific themes, periods, or countries. Research and join collector communities or visit local coin shops to build knowledge and expand your collection.
Coins like American Silver Eagles, Canadian Maple Leafs, and historic coins from the Roman Empire or British Sovereigns are popular choices due to their recognizability, liquidity, and collector appeal.
Consider dollar-cost averaging to mitigate market volatility, diversify holdings across different types of silver (bullion, numismatic), and stay informed about market trends and geopolitical developments.
Authentication involves examining characteristics such as weight, composition, mint marks, and provenance using specialized knowledge or professional expertise to verify authenticity.
Prices are influenced by global economic conditions, geopolitical events, supply and demand dynamics, and investor sentiment towards precious metals as a store of value.
Gold and silver historically serve as hedges against inflation because their value tends to rise as the purchasing power of fiat currencies declines.
Research historical trends, rarity factors, and collector demand for specific coins. Consider consulting with experienced numismatists or dealers for guidance on quality and potential investment returns.
Coin values are influenced by factors such as metal content, rarity, condition, and current market demand. Professional appraisal or reference to reputable pricing guides can help determine their worth.
Troy ounces are used to measure precious metals and are slightly heavier than avoirdupois ounces commonly used for everyday items like food or household goods.
The Coin Shop offers competitive prices based on current market conditions and the condition of your coins. Bring your collection to our shop for a thorough evaluation and immediate payment if you choose to sell.
Collecting gold and silver coins offers a tangible way to preserve wealth, diversify investments, and appreciate the craftsmanship and historical significance of each piece.
Consult with a tax advisor for guidance on tax obligations related to buying, selling, or holding precious metals, as tax laws can vary depending on jurisdiction and individual circumstances.
Store coins in a secure, dry place away from direct sunlight to prevent tarnishing or damage. Options include safes, safety deposit boxes, or professional vault storage services.
At no charge, we provide professional appraisal services to assess the value of your coin collection based on factors like rarity, condition, and current market demand, helping you understand the worth of your assets.
