Sell Gold CoinsPrecautions To ConsiderHelpful Hints |
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Dishonest dealers often mislead buyers by quoting appreciation rates for rare gold coins from an index formerly compiled each year by Salomon Brothers, a New York investment bank. These quotes show appreciation of 12 percent to 25 percent a year. However, the Salomon index was based on a list of twenty very rare coins, while the coins sold by dishonest dealers are more common coins that are not likely to appreciate at the same rate, if at all. However, almost all dealers, legitimate and dishonest alike, have used the Salomon quotes. Therefore, it is particularly important that you choose your dealer carefully. Remember, there is no guarantee that any coin will appreciate in value. In fact, coins as an investment have been stagnant for the last several years. Compare different web sites about coins to learn as much as possible before investing in gold coins.
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