Getting into the coin market can be an investment that stays with you for the rest of your life. For this reason, the first purchase and every other purchase that you made are extremely important. That's why you need to make sure you find the best person in the area to buy coins in Elmhurst from.

We have put together a list of the best possible dealers within the entire city so that you know who you can trust. With so many different options, the hardest choice is which one you want to deal with for the first time.

Broadway Buy & Pawn corp.

7610 Roosevelt Ave, Jackson Heights, NY 11372

(718) 565-3140

New York Gold Co

3719 74th St # 2F, Jackson Heights, NY 11372

(718) 507-8787

Ice Jewlery Buying Service

9832 Queens Blvd, Rego Park, NY 11374

(718) 830-0030

VIEIRA COINS & COLLECTIBLES

3756A Junction Blvd, Corona, NY 11368

(718) 840-7516

The Gold Standard Jewelry & Gold Buyers

7058 Austin St, Forest Hills, NY 11375

(347) 560-9979

The Gold Standard of Forest Hills

7058 Austin St, Forest Hills, NY 11375

(347) 561-7936

Ridgewood Coin & Stamps

5913 71st Ave, Ridgewood, NY 11385

(718) 381-3601

Cummins Allison Inc

80-02 Kew Gardens Rd suite 402, Kew Gardens, NY 11415

(718) 520-2500

New World Rarities

1111 44th Rd, Long Island City, NY 11101

(347) 639-0440

Professional Coin Galleries

1111 44th Rd Ste 202, Long Island City, NY 11101

(888) 244-3717

New York Gold Buyers & Pawn

24-07 Steinway Street, Astoria, NY 11103

(718) 267-2712

Astoria Coins & Collectibles Corp

2106 30th Ave, Astoria, NY 11102

(718) 545-3606

Stick Art Design

2302 29th Ave, Astoria, NY 11102

(718) 639-4376

Buy & Sell Jewelry

2540 Shore Blvd # 10T, Astoria, NY 11102

(888) 518-4740

Why should I buy coins?.

Investing in coins is a trend that has been on the rise. This is because the value of these coins go up in time, meaning you can easily make a return from it. There are some that are worth more than others, depending on the age and purity of the metal. Many of the coins were used as currency and usually carry their worth factoring in some of these factors. It is therefore, important to try and buy some of this coins because it will be a very big advantage for you going forward. Below are some of the reasons why you should buy silver.

 

Inflation hedge

Many people buy gold and silver coins when they want to hedge against inflation. In the 1970s, gold and silver prices skyrocketed in response to price inflation that went to 13%. When the Federal Reserve brought inflation to normal, many of the gold and silver coins that had been purchased in the 70s were sold and the sellers converted it into paper investments.

 

Worst case scenarios

There are also some people who buy the gold for survival purposes because they fear the worst. One of the concern for them is the Federal Reserve printing so many dollars that the worth of the dollar becomes nothing, which has been the case for many currencies that cannot be redeemed for gold or silver. Another fear for this people is financial meltdown which would force the banks to be closed. When the value of the currency lowers, then many investors find themselves in a position where their investments are lower. People who invest in these coins believe that in an event of a financial meltdown or the currency becomes worthless, they can use the coins in exchange for goods and services. This means they will have an easier mode of survival.