Collecting Rare Coins and Currency – Page 5
Independent price guides publish "bid" and "ask" prices of rare coins based on recognized grading standards.
Liquidity — Rare coins are bought and sold daily in a worldwide marketplace that includes major auction houses, thousands of dealers, nationwide coin shows, and computer buy-sell networks. This gives rare coins a liquidity that simply does not exist with other collectibles. It is simple to monitor the market value of a carefully assembled rare coin collection by consulting trade publications and talking to professional numismatists.
1908 Twenty Dollar gold coin certified by Professional Coin Grading Service (PCGS)
Affordability — Rare coins come in every price range. Investors do not have to risk large sums of money to invest in rare coins, and they can cost-average to further hedge their risks. Even a small, initial investment can grow through careful management and strategic acquisitions, always within the investor's budget.
Buying from a PNG dealer — Perhaps most important, the Professional Numismatists Guild (PNG) gives rare coin investors and collectors a number of protections not found with other collectibles. A coin dealer must pass a background check, meet financial requirements, and obtain the approval of his peers to become a member. To remain a PNG member, a dealer must conform to a strict Code of Ethics.
Disclosure requirements exceed those in any other collectibles area and are more stringent than the federal government's requirements for tangible asset investments. In the event of dispute, a member must abide by binding PNG arbitration, which is swift, unbiased, and inexpensive.
All collectibles investments are risky, but only in the rare coin business have dealers joined together-through the Professional Numismatists Guild-to protect the interests of collectors and investors.