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Summary: When trying to identify real gold coins, buy from a reputable dealer that has a certified appraiser. Identify gold coins and avoid buying them from estate sales with tips from the owner of an antique store in this free video on coin collecting.
Rui Farias has over 20 years of experience in collecting antiques and coins, and 15 years of experience in buying and selling antiques. Farius has been producing and promoting antique...read more
"Before you write that check for a gold coin make sure you know what you are buying. Hi I'm Rui and we are going to be talking about how to identify a gold coin. Unfortunately there are many duplicates and reproductions out in the marketplace now when it comes to gold coins and you have to learn how to protect yourself when it comes to those type of dealers that would sell reproductions or fakes. There are a few precautions to keep in mind when purchasing gold coins. The first one is only purchase one from a reputable dealer. When it comes to buying old and rare gold coins the best place to look are antique shops, certified antique options and coin shops, most of those locations especially those three all have certified appraisers, they usually do in house that if you wish can give you a written certified appraisal of the coin that you are buying so it's a little protection that way. If the seller had a no return policy on a gold coin, pass on it, you want to make sure that if they can't appraise it you want to take it somewhere that it can be appraised and if it is not what they claim it to be that you can bring it back and get your money back. Another thing is try to avoid buying gold coins from estate sales. Estate sales usually have no return policies and it is kind of a buyers beware there. You have purchased pretty much what you are paying for is what you are getting at estate sales and also try to actually avoid buying these coins unless you become a seasoned collector or you become an expert in gold coins. Again there are a number of rare coins that are truly duplicate reproductions out there on the market. Some of the places you can look before you purchase a coin for instance. This is a great catalog form a Christi's Auction in New York. Christi's Auction House in New York and London. They sell these catalogs and host auctions and there is all kinds of great photos of various coins, gold and silver. They tell you what they possibly sell for and it gives you a good idea to do some research before you go out and spent those big bucks on a gold coin."
eHow Article: How to Identify a Gold Coin
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