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 Oyster Bay 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.

The Gold Standard of Carle Place

349 Old Country Rd, Carle Place, NY 11514

(516) 324-2827

Coin Galleries Of Oyster Bay

3535 Hempstead Tpke, Levittown, NY 11756

(516) 735-1600

Sunrise Numismatics INC

94 Gardiners Ave, Levittown, NY 11756

(516) 477-9464

Coin Galleries Of Oyster Bay

1508 Northern Blvd, Manhasset, NY 11030

(516) 365-6000

N Y G M Co

36 Maple Pl # 26, Manhasset, NY 11030

(516) 365-5465

PMJ Coins Inc

257 Crabapple Rd, Manhasset, NY 11030

(516) 869-1030

Suffolk County Gold & Jewelry Buyers

837A Fort Salonga Road, Northport, NY 11768

(631) 651-5100

Strand Coins Of America

114 Old Country Rd Ste 560, Mineola, NY 11501

(718) 631-4172

Colonial Stamp & Coin Shoppe

3048 Jericho Tpke # A, East Northport, NY 11731

(631) 269-4557

HH RARITIES CONSULTING

1965-2 New Hwy, Farmingdale, NY 11735

(631) 335-7660

Setomatic Inc

291 Adams Blvd, Farmingdale, NY 11735

(516) 752-8008

First Commemorative Mint

101 Carolyn Blvd Ste B, Farmingdale, NY 11735

(631) 249-1776

Empire Pawn Of Nassau Inc

2386 Hempstead Tpke, East Meadow, NY 11554

(516) 520-5252

Coin and Jewelry Exchange Eastern Numismatics Inc.

642 Franklin Ave, Garden City, NY 11530

(516) 746-6460

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.