Perhaps a mistake, a misunderstanding or simply a lack of knowledge will greatly reduce the value of a coin purchase for a collector.
There are several golden rules that you should follow when buying platinum coins in order to avoid making these kinds of mistakes that can be very costly. Some rules are more obvious than others but they are still general guidelines intended to help a collector avoid a terrible mistake.
Before starting a coin collection with a platinum theme it is always a good idea to learn general information about the market and rules of this category of coins. This way you will be better prepared and ready to make a great purchase and start a very interesting coin collection.
Be sure to look closely at:
- the coin sellers reputation and if a valid business is registered;
- a guarantee of a return policy to be sure that you will not lose your money should the coins not correspond to their description, or perhaps they arrive damaged;
- a grading certificate issued by a reputable company. You want a third party opinion on a grade before you make a purchase.
- a weight and a fineness certificate must be included with your coins as a guarantee of a quality metal content. If a seller does not include a certificate it is a good idea to ask for one before making a purchase;
- a high quality photo of the coin that you will receive in order to know exactly what you are buying, with a close up photo that shows all the fine details of the coin's design. Make sure there is no damage present on the image of the coin because this can indicate damage on the real thing too in most cases.
- insurance with shipment, whenever possible. In case they arrive damaged you want to make sure they will be replaced by using an insured courier or mail carrier for example.
- a competitive price. Check out a few sellers before buying a coin with a platinum theme to make sure the offer is a good one and a reasonable price too. There are many offers on eBay for example that can be a bit expensive, you might find a better deal at another site where the sales process is a bit more secure.
This will allow you to avoid making a very common mistake in most cases. It is always a good idea to learn a little about coins with platinum since this metal type comes with its own set of rules that must be followed to avoid making mistakes that could end up costing you money. Once you know what to buy and how much it should cost it will take away some of the risk associated with this kind of a purchase.
There are a few tricks a seller might use to make a coin appear as a rare one, or a very old one that is worth a lot of money. In most cases, the seller will only seek the best interests for their own wallet and not yours. It is therefore a good idea to avoid extremes and be sure you know what you are buying before handing over your money to someone who might try and scam you out of it.
The golden rules found above should help a collector avoid making these kinds of mistakes and focus on acquiring coins with platinum metal content instead by following them closely all throughout the process until the final purchase has been made.