How to Verify a Coin Dealer's Credentials Before buying coins or precious metals, especially online or from an unfamiliar source, verifying the dealer's credentials is a basic due diligence step that protects your investment. Step 1: Confirm Licensing The first credential to verify is whether the dealer is licensed to conduct precious metals and coin transactions under applicable state law. Ask the dealer directly and check with the relevant state regulatory body. Step 2:

Why Buy From a Licensed and Bonded Coin Dealer? When choosing where to buy coins or precious metals, the phrase "licensed and bonded" appears on reputable dealer websites. What does it actually mean, and why does it matter? What Does "Licensed" Mean for a Coin Dealer? Licensing means the dealer has met the legal requirements established by their state to operate as a precious metals and coin dealer. In Virginia, dealers who buy and sell precious metals and coins are subjec

What to Look for in a Trustworthy Coin Dealer Not every business that sells coins is a coin dealer in any meaningful sense. Knowing what to look for protects your purchases. Credentials: Licensed and Bonded The baseline credential for a legitimate coin and precious metals dealer is licensing and bonding under applicable state and federal regulations. Commonwealth Coins and Collectibles is fully licensed and bonded in Virginia. Certified Inventory as the Standard A trustw

How to Avoid Fake Coins When Buying Online Counterfeit coins are a genuine problem in the online marketplace. As coin buying has expanded, so has the sophistication of counterfeit production. The Most Reliable Protection: Third-Party Certification Buying coins certified by PCGS or NGC is the single most reliable protection against counterfeits when buying online. Authentication by professionals. Verifiable certification numbers at PCGS.com or NGCcoin.com. Tamper-evident ho