Additional Gold Tips to Avoid Becoming A Victim of Fraud
  1. Make sure that any dealers you do qualifying precious metal business with are registered to do business in their state and, when required, registered in their city. 
  2. Watch out for false grading claims. Not all rare coin and bullion coin authentication and grading services are the same.  The two most popular third-party certification companies are the Professional Coin Grading Service (PCGS) and Numismatic Guaranty Corporation (NGC).
  3. Don’t allow strangers to take your coins from your possession for a free appraisal or certification.
  4. Be careful selling to itinerant dealers who set up in hotels or in temporary locations. They often pay much less to customers.
  5. Keep notes and all receipts, documents, correspondence and shipping records regarding transactions. Require all terms and conditions of transactions be in writing.
  6. Certified money orders and certified checks can be a risk.  Don’t accept these from unknown buyers as they may be counterfeits made from one that is genuine. Also, only have money wired to accounts provided only by verified representatives of carefully researched companies.
  7. If you allow a dealer to come to your home, be cautious and have a second person there for the appointment.
  8. Reputable dealers typically offer a 15-day return privilege on rare coins and have a replacement policy for bullion-related coins.
  9. Be wary of uncertified coins offered by vendors in flea markets or other venues where the seller is not a verifiable coin expert.  Too often, coins offered there are overvalued, cleaned or counterfeit.
  10. Most auction companies are reputable.  Unfortunately, though, a few are not – and you need to use the same due diligence in choosing an auction company – whether you’re buying or selling – as you would in picking a retail coin dealer.