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.

Scott Mitchell Numismatic

106 7th St Ste 206, Garden City, NY 11530

(516) 442-0182

PMJ Coins Inc

2127 Hillside Ave, New Hyde Park, NY 11040

(516) 869-1030

Gold Coast Rarities

2127 Hillside Ave, New Hyde Park, NY 11040

(516) 741-3330

Marlen Stamp & Coins Limited

156 Middle Neck Rd Ste B, Great Neck, NY 11021

(516) 482-8404

Liberty Jewelry & Coin Gallery

1864 Deer Park Ave Ste 2, Deer Park, NY 11729

(631) 242-7979

Northeastern Metals Corporation

130 Lenox Ave, Stamford, CT 06906

(203) 348-8088

Reimer R S

65 High Ridge Rd Ste 529, Stamford, CT 06905

(203) 359-2646

The Happy Coin

418 E Putnam Ave, Cos Cob, CT 06807

(203) 340-9777

The Gold Standard

25410 Hillside Ave, Glen Oaks, NY 11004

(347) 426-9905

Collectors Coins Jewelry Diamond Gold Buyer Sell est 1946

400 Sunrise Hwy Unit 1, Massapequa Park, NY 11762

(516) 541-4040

Rosanne's Jewelry

1040 Park Blvd, Massapequa Park, NY 11762

(516) 799-7722

Legion Stamps Inc

1000 Park Blvd Ste 209, Massapequa Park, NY 11762

(516) 882-9345

Long Island Coin Jewelry

400 Sunrise Hwy, Massapequa Park, NY 11762

(516) 541-4040

Little Neck Gold & Silver

25126 Northern Blvd, Little Neck, NY 11362

(718) 428-5100

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.