Any good dealers on Long Island?

SRTaylor · November 28, 2005 11:25AM

I'm new to collecting and would like to find a nice local dealer on Long Island whom I can trust. I refuse to deal on eBay or from individuals without a solid reputation. I plan on spending about $10,000 a month to acquire rare coins including but no limited to gold, pre 1933 silver, and PF66+ coins. I would prefer original coins that are not dipped and with some sort of originality. I certainly don't want a collection of overgraded widgets. Any advice would be greatly appreciated. Thanks

MikeInFL · November 28, 2005 11:29AM

Please turn on your private messages. Go to "Profile" in the top right of your screen and enable the feature...Mike

DaveG · November 28, 2005 11:34AM

The first thing I'd do, if I were you, is read Scott Travers' "Coin Collector's Survival Manual". It tells you how to go about being an intelligent collector. It's the book I wish I had read first when I got back into collecting.

The second thing I'd do is narrow my focus substantially! $10K a month is a lot of money to put into coins. How do you want to spend it? Do you want to buy $500 coins? (in which case you'll need a big safe to hold it all!) or do you want to buy a couple of $5000 coins a month?

I think you'll have much better luck if you first identify what you're really interested in, do your homework and become knowledgeable about your chosen coins and then seek out the dealers who specialize in the coins you've selected.

WTCG · November 28, 2005 11:37AM

Contact Paul Nugget, Spectrum's representative on the east coast. He is based in East Meadow. He is very knowledgeable with classic and dated gold.

Ira Einhorn and his company American Coin Portfolios is based in Oyster Bay.

Anthony Swiatek is located in East Manhasset.

You can also try contacting Stacks. They are on 57th Street in Manhattan.

SRTaylor · November 28, 2005 11:46AM

Thank you for such fast replies. I enabled the private message feature. I've gone through the online yellow pages for local dealers on Long Island. There are dozens of them. I would like to find a highly reputable one that specializes in MS-65+ seated liberty and barber coinage. I also would like a complete set of $10 Indian pieces MS-63+

pmh1nic · November 28, 2005 11:51AM

I'd recommend New World Rarities in Hauppauge. Chris Imperato is a very knowledgable dealer (as well as a real collector at heart). He has always been straight forward and I've never felt like I was getting the run around whether looking to sell or buy.

BTW, the last time I was in he had just returned from a coin show with some outstanding classic coins (both gold and silver, toned and white).

DaveG · November 28, 2005 11:54AM

I don't collect any of those coins, but you might want to contact Mark Feld (coinguy1 here on the boards) and/or visit the websites of Pinnacle Rarities and Legend Numismatics to get an idea of what's available and at what prices.

Under no circumstances should you just walk into a coin shop and say: "Hi, I'm a new collector and I want to buy high-grade Seated and Barber coins and Indian Eagles." Even if you do stick to PCGS/NGC coins, how will you be able to tell if the coin you've just been sold has been over-dipped or not?

JSsson · November 28, 2005 12:13PM

How about Legend Numismatics? They are located in New Jersey if I recall.

ROBERTB · November 28, 2005 12:55PM

Millers Mint is in Patchogue. Main Street I believe?

Any good dealers on Long Island?

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