We are all aware of the problems our economy is experiencing. The stock market is crumbling, the housing market is in shambles, banks cannot be relied upon, and fiat paper money is being devalued consistently. Unfortunately, we have seen minimal progress in repairing these issues, so it is up to us to figure out new ways to protect ourselves from financial stress.
The best way to accomplish this is to invest our paper money in hard assets, such as a coin collection. Rare coins offer the benefits of gold and silver combined with scarcity that is unparalleled by most investment vehicles. Coins are also incredibly convenient and easy to transport securely and discreetly. Many people do not want to deal with storing and transporting gold or silver bars, which is why rare coins are a perfect alternative. Even one simple coin can carry values of over a million dollars. You would be hard pressed to find another item that is so valuable in such a small package.
As with any investment, there are always going to be risks, but the beauty of rare coins is that most of the risk can be bypassed if you are careful. The major risk in rare coin purchasing is counterfeit coins. Sometimes people will try to sell replicas as if they were real legitimate coins. Another common trick is to try to reproduce manufacturing defects by hand. An expert can immediately tell when a coin has been altered and when it is real.
By only purchasing coins from dealers who have established themselves as an honest and safe retailer, we can bypass this problem. A major rare coin distributor would never risk their reputation by accidentally selling a counterfeit. For this reason, they have adamant and strict coin checking procedures.
If you are interested in a particular coin that a retailer does not have listed on their website, it is recommended that you call them and speak to a representative. Often these dealers are able to find the coin that you are seeking for you, or at least help you figure out how to obtain it. These representatives can also recommend coins that have profit potential, or unique history, depending on what you are looking for. As you can see, buying rare coins with caution is not a difficult feat. Just keep your head on straight and proceed with caution and you should be able to avoid unnecessary problems and have a coin collection to be proud of.