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 Greenport 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.

New York Rare Coins & Metals Inc

50 Love Ln, Mattituck, NY 11952

(800) 870-1635

Us Gold & Silver Redemption Center

720 Main Rd, Laurel, NY 11948

(631) 779-3800

Southampton Jewelry Exchange

801 County Road 39 Ste 13, Southampton, NY 11968

(631) 259-2100

Hey-Day Antiques

327 E Main (Rt 1), Clinton, CT 06413

(860) 669-8800

The Collector's Coin Shoppe

390 Main St, Niantic, CT 06357

(860) 739-3995

Collector's Coin Shoppe The

390 Main St, Niantic, CT 06357

(800) 621-2646

Smithtown Coins Inc

139 E Main St Ste 6, Smithtown, NY 11787

(631) 979-8888

Coin Store

755 Waverly Ave # 102, Holtsville, NY 11742

(631) 569-5688

East End Coin Shoppe

405 E Main St, Riverhead, NY 11901

(631) 727-5004

Joydon's Coin Shop

567 Vauxhall Street Ext, Suite 101, Waterford, CT 06385

(860) 443-5887

Guilford Coin Exchange

69 Whitfield St, Guilford, CT 06437

(203) 453-9363

Guilford Gold and Silver

301 Boston Post Rd., Route 1, Guilford, CT 06437

(203) 689-5230

Gold Star Pawn

591 Route 12, Groton, CT 06340

(860) 326-5954

Gold Star Pawn And Check Cashing

591 Route 12, Groton, CT 06340

(860) 445-2274

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.