If you read part 1 of this article on how to choose a rare coin dealer, perhaps you are wishing you had a garage full of old Novas, GTO’s and Corvettes, especially if you did own an old gas guzzling, tire burning, heavy clutched muscle car somewhere in your past and sold it for far less than it would be worth today. Hopefully this illustration sheds some light on the plight of a rare gold coin dealer, and understanding this plight a little better can help you avoid the pitfalls associated with choosing the wrong rare gold coin dealer.

Choose A Rare Gold coin Dealer With Longevity And Stability
Here is a very important reason to choose a rare gold coin dealer with longevity and stability: Profit. Much more than likely, you are entering the rare gold coin market because you want to generate profit for yourself, and you have researched how rare gold coins trend upward in value over time, and you want in on this price-action. Consider this; when you decide to sell your rare gold coins, you want the best possible price in order to capture as much financial gain as possible. If you choose to sell your rare gold coins to a local coin shop, don’t be surprised if you don’t as much as you would like for this reason: Profit. Yup, the local coin shop has to make a profit too, so they can only pay a certain percent of what the rare gold coin is actually worth, because they have to mark up the price of the rare gold coin when they sell it to the next owner so that they can generate a profit and stay in business. By the way, ITM Trading has been in the rare coin business for 18 years, and we are not going anywhere!

ITM Trading Makes Owning Rare Gold Coins Easy
Not all rare gold coin dealers do business in the same manner, and some come and go quite quickly. ITM Trading is a very up-front and transparent company, and in fact, ITM Trading will not only tell you what the mark-up (or bid-ask buyback spread, as it is known in the rare gold coin industry) but they demand that you understand it fully before you purchase rare gold coins. ITM Trading makes a profit when they sell rare gold coins, but when a client sells back the gold coins to ITM Trading, ITM does not take a second profit on the sell-back by offering less than the fair market liquidation value of the rare gold coin, other rare gold coin dealers do, and as you can see from the example above, local rare gold coin shops must in order to stay in business.

If you would like to know more about ITM Trading’s bid-ask buyback spread, and the costs involved in buying rare gold coins, please call one of our representatives at 1.888.OWN.GOLD, we are here to be of service. Also, please read part three of this article.