How To Choose A Rare Gold Coin Dealer – Part Three
In the last part of this article, we looked at the importance of knowing and understanding the bid-ask buyback spread part of the equation when choosing a rare gold coin dealer, and we touched on the idea that even if a rare gold coin dealer has great prices and an attractive bid-ask buy back spread, you can and probably will do poorly on your investment if they shutter their windows and go out of business. We’ll look at this important aspect in a little more depth in this part of the article.
If You Buy Rare Gold Coins From A Rare Gold Coin Dealer And They Go Out Of Business, You Lose
Even if you find a great, honest rare gold coin dealer and they have a solid buy-back policy and they have the best price on the rare gold coins you wish to purchase, you will lose part or perhaps even all of your profits if their business fails and their doors close. If the rare gold coin dealer you choose to do business with fails and goes out of business, now you will be forced into trying to liquidate your rare gold coins with a company or individual that has not previously made a profit from doing business with you, and they must pay you less than your rare gold coins are truly worth so that they can mark the rare gold coins up and generate a profit from the next buyer of rare gold coins. See how this equation must work? Again, this is a little insight to the plight of a rare gold coin dealer, and the better you understand what it is like to be a rare gold coin dealer, the better informed decision you can make when you do purchase rare gold coins.
How ITM Trading Does Business
If you were to purchase rare gold coins from another company, and they went out of business, and you then tried to sell your rare gold coins to ITM Trading, ITM Trading would respectfully decline to make an offer on your rare gold coins. ITM Trading will only purchase coins that we have placed in the hands of the buyer of rare gold coins. ITM Trading conducts business in this manner for several reasons. First, ITM Trading only deals in the best quality “sight-seen†coins that have a proven authenticity and guarantee of authenticity. If ITM Trading were to purchase rare gold coins from individuals that we did not know, and then resell the rare gold coins, ITM could not guarantee the authenticity of these rare gold coins, and this is just not acceptable to the Founder and President of ITM Trading, Craig Griffin. Craig founded ITM Trading after working with other rare gold coin dealers, and he knew that there had to be a better way to do business, so he set out to prove it more than 18 years ago.
Please read the next part of this article on how to choose a rare gold coin dealer to find out more about how ITM Trading does business.
We believe that everyone deserves a properly developed strategy for financial safety.
Lynette Zang
Chief Market Analyst, ITM Trading