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 Waconia 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.

Aztec Coin & Precious Metals

8170 Old Carriage Ct, Shakopee, MN 55379

(952) 233-5151

Miles Franklin LTD

801 Twelve Oaks Center Dr # 834, Wayzata, MN 55391

(952) 929-7006

Gold Money Express

8251 Flying Cloud Dr #2170, Eden Prairie, MN 55344

(952) 777-2554

Elequent Jewelry Inc

7820 Eden Prairie Rd, Eden Prairie, MN 55347

(952) 906-3000

Gk Hamann Rare Coins

9718 Mill Creek Dr, Eden Prairie, MN 55347

(952) 941-4093

Premium Quality Coins

222 Northstar W, Hopkins, MN 55343

(612) 371-4739

Golden Coin & Collectibles

1319 5th St S, Hopkins, MN 55343

(952) 641-6900

Guidance Corp Minnetonka Mn

2709 Crestwood Cir # 1500, Hopkins, MN 55305

(952) 525-1330

River Valley Gold & Silver

16940 Welcome Ave SE, Prior Lake, MN 55372

(952) 226-1058

River Valley Gold & Silver

17180 Adelmann St SE, Prior Lake, MN 55372

(952) 777-2103

Stamp Proffessor

8841 Preserve Pl, Savage, MN 55378

(952) 496-0577

Minnesota Cash For Gold

409 county road 81, osseo, MN 55369

(763) 493-4653

Grove Coin Co

9676 63rd Ave N, Maple Grove, MN 55369

(651) 788-6532

Great Lakes Coins & Collectibles

14321 Nicollet Ct Suite 375, Burnsville, MN 55306

(507) 222-0891

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.