First-time and experienced buyers alike can make costly mistakes when purchasing rare coins. Being aware of common pitfalls helps protect your investment and avoid disappointment. Below are the top five to watch for:

• Ignoring authentication steps – Without proper verification, buyers risk overpaying for counterfeit or altered coins.
• Failing to research the coin – Skipping research on market value, demand, and historical background can lead to uninformed purchases.
• Overpaying based on emotion – Bidding wars or impulsive decisions can drive prices well above the actual worth of a coin.
• Assuming all old coins are valuable – Age alone doesn't equal high value. Rarity, condition, and demand matter more.
• Not asking for documentation – Always request certificates, grading reports, or past auction results when buying from dealers.

Consulting a Rare Coin Dealer Ohio can provide clarity before making a purchase. An experienced dealer will answer questions and explain why a coin is—or isn’t—a smart buy.

Back ↵