If like many of us, you haven’t heard the term coin dealer before, there can be a lot to know. Keep reading to learn what a coin dealer is and what they do.
Let’s start with what a coin dealer is. A coin dealer is someone who actively buys and sells coins to the general public.
This could be either through an online store or a storefront.
Not all coin collectors are the same. Generally speaking, there are three different types of coin collectors.
The first type of coin dealer is someone who inherited a coin collection and decided to sell it. it could be inherited from parents, grandparents, or even aunts and uncles.
The second type of coin dealer is someone who grew up in the hobby and inherited the store from their parents. This type of coin dealer is the most knowledgeable.
The last type of coin dealer is someone who likes to flip coins. This means they buy coins at a low price and sell them for a higher price to make a profit.
To learn more about what coin dealers do, watch the video above!