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 Woonsocket 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.

Providence Pawn

1153 N Main St, Providence, RI 02904

(401) 331-1133

The Collector

1240 Pawtucket Ave, Rumford, RI 02916

(401) 663-7652

Continental Coin & Jewelry

1212 Park Ave, Cranston, RI 02910

(401) 942-8431

Arlington Coin Co

140 Gansett Ave, Cranston, RI 02910

(401) 942-3188

New England Coin Exchange

1053 Park Ave, Cranston, RI 02920

(401) 339-2934

Westside Stamp and Coin Co

921 East St, Walpole, MA 02081

(508) 668-9445

Gold and Silver Buyers of New England

41 Pleasant St, Norton, MA 02766

(508) 219-0004

Sam's Stamp Shop

405 Old Colony Rd, Norton, MA 02766

(508) 222-3444

Flintlock Coin & Bullion

50 Howe Ave, Millbury, MA 01527

(508) 865-2029

The Gold Rush

85 Worcester St, Natick, MA 01760

(508) 318-8175

Kappy's Coins & Stamps

534 Washington St, Norwood, MA 02062

(781) 762-5552

Grams & Pennyweights

1 Lee St, Putnam, CT 06260

(860) 928-0019

Abigail's Jewel Box

76 Main St, Putnam, CT 06260

(860) 928-1300

Cohen, Jerry

109 Main St, Putnam, CT 06260

(860) 933-2961

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.