Where to Buy Gold Coins
Knowing where to buy gold coins can make all of the difference in not only getting the best price, but it can also steer you in the right direction if you want to diversify your investment portfolio by adding gold or silver. There are many different places where to buy gold and the types of gold you buy can differ as mush as well. There is gold bullion, gold coins, and even gold jewelry. In this case, we are going to discuss where to buy gold coins and how you can maximize your investment.
Where to Buy Gold Bullion Coins
Gold bullion can be shaped into rounds (unmarked-made to look like a coin) and most countries make or mint them. Some of them look a lot like coins, but they do not carry a monetary value and therefore cannot be used as coins. While other rounds may be considered coins, their true value lies in the amount of actual gold the rounds contain and they are used strictly as an investment vehicle and are not intended as a currency like traditional coins. These gold bullion rounds can vary in size from as small as 1/25 troy ounce, and as large as five troy ounces. Where to buy gold rounds- Countries that issue gold rounds include: U.S. Gold Eagles and Gold Buffaloes, South African Krugerrands, Canadian Gold Maple Leafs and Austrian Philharmonic gold bullion coins. Bullionbay.com has a selection of these coins available for auction, some at 90% below the spot price.
Where to buy Gold U.S. Commemorative Coins
The United States Mint is your direct source for any commemorative coins hot off the press. Naturally, once these coins have been circulated to collectors and investors, they are readily available through the common market and can be purchased from coin shops, collectors, online, or through online auctions like bullionbay.com. Commemorative coins, unlike common U.S. gold coins are not intended for circulation and generally come with a price premium because they "commemorate" a particular event in history or pay tribute to a world-class figure (such as a president or Elvis for example). So if you want to invest in commemorative coins, expect to pay a high premium over the spot price of gold that is contained within the coin.
Where to buy Gold Foreign Coins
In order to buy foreign gold coins, you can always travel to each country and buy the coins directly from the government mints, however, the cost and time required to do that, far outweighs the purpose of the investment. In addition, there are many different types of gold coins that are circulated in foreign countries and they vary based on the gold content of the coin.
Online agencies such as bullionbay.com can help you avoid the pitfalls in buying foreign coins, but you should consult a book on foreign coins to determine the gold content and current market value before you buy them elsewhere.
Where to buy Gold Rare U.S. Coins
If you have never dabbled in gold coin investment before, then it is suggested to stay away from "Rare" gold coins, because they are often only bought and sold through a small number of select investors and collectors. Despite the value of a particular rare coin being high, without another party willing to purchase it at that price makes the coin almost worthless. For example, a rare $20 gold liberty coin from the 1800s may have a market value of over $20,000 whereas it contains the same amount of actual gold (just under 1 ounce) as any other $20 gold liberty coin. So in essence, you are not paying the price for the gold, you are paying the price for the rarity, or history.
Where to buy gold- from a Coin Dealer
Many coin dealers, whether local, or online can often direct you in the right direction when it comes to where to buy gold. All you have to do is the leg work.
Frequently Asked Questions...
Best Place To Buy Gold Online at Discounted Prices ?
Im looking to buy gold eagle coins etc..
$5 Gold American Eagle Coin 1/10th Ounce Brilliant Uncirculated : (Price : $178)
2008 American Eagle $5 Gold Proof One-tenth with Box
All other Gold coins/Gold products can be obtained at reasonable rates from (See source below)
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