In this video, Scott Travers, gold and rare coin expert and author of The Insider’s Guide to US Coin Values, discusses coin-collecting scams and how consumers can level the playing field when purchasing from dealers. Often bad deals are more likely to be the result of an undereducated dealer than an outright rip-off, he explains. Mr. Travers cautions buyers to beware and do their research—both on coins and also on specific dealers. Coin collectors should look for coins certified by an independent grading service as well as look into the coin seller’s reputation by searching for online reviews on sites such as Yelp and the Better Business Bureau.
Scott A. Travers is one of the most knowledgeable and influential coin dealers in the world. He has authored 7 best selling books on coins, including “The Insider’s Guide To US Coin Values.” For more great tips from Scott, check out his other videos at Bottomlineinc.com, Scott’s website, or purchase his latest book, The Coin Collector’s Survival Manual.