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 Hoboken 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.

Dragon silver and gold

88A Bowery, New York, NY 10013

(646) 535-4659

David Birnbaum Jewelers

589 5th Ave, New York, NY 10017

(212) 575-0266

GGS Buyers

30 W 47th St #406, New York, NY 10036

(212) 461-1869

We Buy Gold NYC

33 W 47th St, New York, NY 10036

(866) 842-4131

24 Hours Pawn Shop

106 East 125 Street, New York, NY 10027

(718) 496-0880

Scott Travers Rare Coin Gllrs

445 Park Ave # 9, New York, NY 10022

(212) 535-9135

A I Rare Coins

75 W 47th St, New York, NY 10036

(212) 354-4754

Bosco Paul J

1050 2nd Ave, New York, NY 10022

(212) 758-2646

Champion Stamp Co Inc

430 W 54th St, New York, NY 10019

(212) 489-8130

Stern Coin Co

75 W 47th St Unit 11, New York, NY 10036

(212) 354-4753

ANGLO AMERICAN APPRAISAL SERVICE INC

817 west end 5a, new york, NY 10025

(212) 865-1653

Newmans Coins

88 Bowery # 23, New York, NY 10013

(212) 334-4190

Robert Friedman Inc

529 5th Ave, New York, NY 10017

(212) 599-1055

Bosco Paul J

149 Madison Ave # A, New York, NY 10016

(212) 758-2646

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.