People will purchase gold coins for numerous reasons. Some want to add gold for their investment portfolio because it is a stable commodity. Other people purchase coins from a collector's standpoint, attempting to acquire rare and valuable coins to accomplish their collections which will appreciate in value over time.
Before discovering where to buy gold coins, you need to decide on what type of coins you need to purchase. They're numerous types such as American Eagle coins, bullion gold and foreign coins. By understanding the type of coin you want to purchase, you are able to figure out a good option where you can obtain the gold coin at fair prices. Types of coins you may purchase include bullion gold coins, modern United States commemorative gold coins, rare United States coins, foreign gold coins and common Usa gold coins pre-circa 1933.
Finding a coin dealer isn't as simple as just obtaining the phone book or surfing the web. There are shady dealers who won't hesitate to consider you money and never deliver the coins as they disappear from the face of the world. Always perform the required background check on the coin dealer. Check their background with the Better Business Bureau website and get important questions about their business.
Stuff you should find out about include: just how long have they experienced the business of selling gold; what type of reputation do they have with buyers and collectors; how large of a business do they have where they are able to supply you with the coins you would like; what level of knowledge do they possess concerning gold; will they follow any kind of organization having a code of ethics; and do they offer any kind of guaranty with every sale.
Your best bet is to work with a coin dealer who is a part of the Professional Numismatists Guild. Members of this guild must adhere to a code of ethics as well as a collector's bill of rights when it comes to proper sales tactics and fairly representing the need for the coins they are selling. You can also purchase gold bullion and coins from participating banks, brokerages and rare metal dealers. Another good source for gold and silver coins is the Govmint.com. Try to avoid individuals who are just regular jewelry store owners, pawn shops, television ad personalities, online discount sellers or those who are selling coins on Craigslist.
Never work with a coin dealer without a physical store location where you can look at the coin. When the dealer only possess their email, walk away and use someone else. It's also wise to avoid any type of dealer, online or otherwise, who only accepts cash or strictly requests wire bank transfers. If you run into issues with your gold purchase, it will likely be hard for you to definitely track down the dealer and your money to resolve the issue.