Questions to ask when buying Buffalo Nickels
When buying a Buffalo Nickel, or any coin for that matter, here are some good guidelines on questions you might want to consider asking the Dealer
1) If the coin is an error coin, such as a Three Legged Buffalo
or a mint mark or date error, ask the dealer if he is willing
to state on the Bill of Sale that the coin is "Authentic" ?
If is says no problem and does so then this can help you
if you discover a problem in the future with the coin.
If the Dealer is reluctant then you might want to consider
checking with another dealer for the purchase.
2) Ask the Dealer what the return policy is, and if the
policy is in writing ? Most Dealers won't mind giving
you something in writing.
3)
Ask if the price is the lowest he/she can offer for the
coin ? It never hurts to ask, and sometimes Dealers will
offer a discount for various reasons, but it takes the
buyer to ask first.
4)
Ask the Dealer if you take the coin to a coin grading service
and the coin is graded at a lower grade than they sold it for,
what will the Dealer do about it ? In other words, if an error
was made and the coin was over graded, will the Dealer make
an adjustment on the price, or a refund ?
5) Before making any large purchase, check out the Dealer
on the Internet via clubs, chat groups, news groups, etc.
and find out what others have to say. Beware of one deal
having gone bad for one person, as there are two sides to every story, but at least you'll get a general idea of what you are about to get into.
Final remark:
Most Dealers are honest and most will comply with the
above questions. The above questions were meant as a
guideline to assist a new buyer.