Ordering Online Or Over The Phone
The easiest way to buy from the U.S. Mint is via their Web site, usmint.gov. You can also buy through the toll-free ordering line, 1-800-USA-MINT . Numismatists have reported that the wait-time has been increasing over the years when calling the mint’s toll-free line. The United States Mint used to accept orders through the mail, but that ordering option was discontinued in September 2017.
The U.S. Mint usually sells only current coins and coin sets, although you can often find the previous year’s coins and sets for sale, too. Some of the most popular U.S. Mint offerings include the annual Proof Sets, Uncirculated Coin Sets, bags and rolls of America the Beautiful Quarters, and collector’s versions of the American Eagle coins such as Silver Eagles and Gold Eagles. The bullion versions of these coins intended for investment purposes, rather than the numismatic value of the coins, must be purchased through coin or bullion dealers.
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Buy Gold Coins And Gold Bars From Mints Around The Globe
Gold is the only investment that has been used to preserve wealth for centuries. Precious metals like gold help to diversify financial portfolios to help protect your hard-earned assets against the volatility and fluctuations of a global economy. A balanced portfolio incorporates precious metals like gold.
Add stability to your financial future by purchasing gold bullion or investment grade coins. Take physical possession of your investment and easily store it in your home. The United States Gold Bureau offers gold bars and coins and is the home to the Ed Moy Signature Series Gold American Eagle PF 70 and Gold American Buffalo PF 70 investment grade coins. We also offer gold coins from mints around the world like the Canadian Maple Leaf, the Australian Gold Kangaroo, and the South African Gold Krugerrand.
Specific investments in gold can be included in a self-directed IRA. There is specific paperwork to be completed when acquiring precious metals to be included as part of an official IRA or 401K retirement account. Please contact our Retirement Services Division at 800-775-3504 to learn more about this opportunity.
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Golden Rules For Investors: 8 Things To Consider Before Buying Actual Gold
It’s a fantasy that may resonate with children of a certain era: swimming in a vault piled nearly to the ceiling with glittering gold bullion. It was a regular pastime of the cartoon character Scrooge McDuck in the late 1980s animated classic, Duck Tales.
In fact, his mammoth holdings of the precious metal helped propel him to the top of at least one list of the world’s richest fictional characters.
For most real investors, of course, amassing and storing swimming pool-size portions of gold is impossible. But there are those who do take an interest in holding at least some of the glittering asset. Ranjan, a northern New Jersey man, inherited a South African gold coin known as a Krugerrand from his great uncle and has considered buying more gold coins, perhaps from the U.S. Mint. The gold would help him diversify his portfolio, but his main motivation for buying, he added, was sentimental.
“My intent is to do something similar to what my great uncle didto keep them and then hand them down to my children,” he said.
If you’re considering buying gold, whether it’s as part of an investment strategy, for sentimental reasons, or both, here are a few points to consider.
Can I Buy Gold And Silver Directly From The Mint
Yes. Given that you can’t buy uncirculated bullion coins from the mint, investors have two options for buying precious metals directly from the US Mint.
First, you can buy the proof or collectible versions of American Silver Eagle and American Gold Eagle coins from the mint. Second, you can buy any commemorative or collectible gold coins and silver coins the US Mint has on offer. The second category includes special Mint Proof Sets that include silver coinage as well as Congressional gold medals that are periodically offered. With either of the two options, the coins will be more expensive than their bullion coin counterparts.
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S To Buy Gold Coins From Your Bank
a. Make Inquiries from Your Bank
The first step is to call your bank or send them an email to find out if they have gold coins for sale, and the steps you need to take to be able to purchase them.
b. Find out The Current Prices
Just as the price of currency fluctuates, the price of gold also fluctuates so you have to find out what the current price for the day is before you make your purchase. You can find out bullion coin prices for the day on the websites of the US Mint.
c. Purchase From Your Bank
Inform your bank about the quantity of coins you want to buy and find out what their payment policies are. Most of the time you can pay for gold coins using credit cards, checks, and money orders.
d. Obtain Your Coins and Certificate
After making payments, your bank will verify the purchase and hand you the coins you have purchased along with a certificate showing the value of the gold, the date of purchase, and the carat. Make sure you store your gold and the certificate in a safe place until you are ready to sell them. When you are ready to sell, there are a few places to do so:
Why Does The Us Mint Change Their Prices On Some Coins
The US Mint does not get taxpayer money. In fact, the US Mint is expected to make a profit every year, and send the proceeds to the Treasury Department to be applied toward the National Debt.
Prices on precious metal coins and medals are set with this in mind. However, a jump in precious metal prices could end up costing the Mint more than they are charging. Conversely, a big drop in precious metal prices should be passed on to the buyer.
That’s why the US Mint uses a pricing range table each week, to set the price of currently available precious metal coins and medals. If the average weekly price of gold, platinum, or palladium changes enough, it may land in a different zone than the prior week. In this case, the Mint will adjust the affected coins by a fixed amount. Price changes go into effect the following week.
Price Change Example 1:If the average weekly spot price of gold moved from $1,842/oz to $1,863/oz, the price of the limited edition proof American Gold Eagle 1/4 oz coin would go from $715 to $727.50 the next week. The 1 oz proof American Gold Eagle would sell for $2,750 the next week, up from $2,700.
Price Change Example 2:The price of platinum falls nineteen dollars, from $917 to $898. The following week, the price of the 1oz proof Platinum American Eagle would drop by fifty dollars, from $1,495 to $1,445.
The US bullion depository located at Fort Knox.
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Sizes & Shapes Of Gold Bars
The difference between mint bars and cast bars are just the tip of the iceberg when it comes to variations in gold bars. The U.S. Gold Bureau carries a plethora of different sized bars, both cast and mint. One of the most important factors people take into account when buying gold is what size to purchase. As stated previously, gold can be found in almost any weight you can imagine. The single gram or 1 gram bar is about about as small as you can go when it comes to gold bars with investment potential. Sometimes referred to as the “small bills” of the gold world, these tiny bars are just about the size of a thumbtack. The 5, 10, and 20 gram bars are the next steps up in terms of gold bar weights.
The 10 gram bar is often popular because it is still quite tiny, but carries an attractive amount of heft to itself. This is because gold as a metal, although soft and malleable, is still quite heavy. The 20 ounce bars are also popular, in part due to their similar feel and weight of the ubiquitous 1 troy ounce gold bar, which actually weighs just over 30 grams. It’s even possible to purchase bars that weigh as much as 50 grams or heavier. These are heavy bars but fit well in the palm of one’s hand. One advantage of buying bars in larger sizes is that the price-per-ounce ends up being less than if you were to buy exclusively in small amounts. Just like in most commodities, it can be smart to buy gold in bulk.
The Gold American Buffalos
Another impressive American gold coin design is the American Gold Buffalo. This unique gold coin produced by the U.S. Mint is the first of its kind composed of .9999 pure gold. These coins were released to serve as competitors for other high-quality foreign gold coins like the Canadian Gold Maple Leaf. The design of this coin was inspired by the Buffalo Nickel, first released in 1913. The masterful depiction featured on the coin is the work of the famous American sculptor James Earl Fraser. The obverse of the coin features the profile portrait of a Native American, depicted as a mix of the incredibly detailed facial features and hair braid elements of three different tribe chiefs: Big Tree , Iron Tail , and Two Moons . On the reverse side of the coin, the famous American symbol, the buffalo is depicted and inspired by a real bison that lived in New York Citys Central Park Zoo. The Gold American Buffalos were first introduced in 2006.
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Gold Storage With Westpac Bank
Storing gold and other precious metals is easy with AusMint.
Free Storage and Insurance for the first year for clients of AusMint.
In partnership with Westpac, we provide secure and personalised storage at Westpac’s Safety Deposit and Vault facility in the heart of Sydney’s Central Business District. Contact us now for storage and safety deposit box options.
Investment Grade Gold Coins
Investment Grade Coins are higher quality and rarer than bullion coins. These coins are also graded at a magnification of 5x what the naked eye can see and are enclosed in a protective slab to preserve the mint condition of the coin. Investment Grade Coins are for investors planning to hold onto their investment for at least 5 years.
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How To Buy Gold Bullion Coins
Gold bullion coin price is based on the weight of the precious metal and the scarcity of the coin itself. The scarcity arises from the fact that once a mintage of a coin is done for a specific year there will never be another coin of that year produced. Minted coins also offer the guarantee that comes from a reputable mint like the U.S. Mint. Gold bullion coins are generally legal tender in the country that the coin was minted.
Q: Can You Store Ira Gold At Home
A: No, you must keep IRA gold in an approved depository. You cant stash it in a safe deposit box at a bank or a shoebox at home. Why? Because storing IRA assets in your own home might be considered self-dealing, the Industrial Council for Tangible Assets notes, and could be treated by the IRS as a prohibited transaction. A prohibited transaction refers to the distribution of all the assets in an IRA, not just gold thats being kept at home.
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Be Sure To Vet Your Gold Dealer
Generally, there is no centralized, regulator-approved list of gold dealers, Artigas warns, but there are steps investors can take.
Just like other businesses, you can find some gold dealers accredited by the Better Business Bureau. The U.S. Mint, meanwhile, maintains a searchable database of coin sellers here.
FINRA suggests you also check the National Futures Associations Background Affiliation Status Information Center to check whether the firm or individual is registered with the CFTC or an NFA member. You can also check whether a firm or individual was the subject of any disciplinary actions.
And it’s always a good idea to check an investment professional’s background using FINRAs BrokerCheck and to do a general Internet search.
“You have to do your due diligence,” Artigas said. When it comes to any investment, doing your homework is worth its weight in gold.
Us Gold Coins Sizes And Designs
The U.S. gold coins presently available on the market range from Pre-1933 U.S. minted coins to the U.S. Gold Bullion coins like the U.S. Commemorative Gold Coins, Gold American Eagles, and the Gold American Buffalos. Their sizes vary between 1/10 oz., ¼ oz., ½ oz. and 1 oz. for the new American Gold Coin designs to the Pre-1933 Quarter Eagles , Half Eagles , Eagles , and Double Eagles with weights from .1209 to .9675 oz.
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How To Buy Gold
Once someone has decided on a purchase, the obvious question is how do I buy it? The whole business of buying gold can seem daunting, an affair best left to connoisseurs and experts.
However, this need not be the case at all. Before answering the how to buy gold question, the would-be purchaser needs to first decide in what form they plan to hold their gold and where they choose to buy it from.
Don’t Buy Using Leverage
Borrowing money to make a bigger investment in gold is a risky game. Say, for example, you invest $4,000 and then leverage your investment five-to-one, so that you control $20,000 worth of gold coins or bars in an account set up by a dealer or brokerage firm. To start, the price of gold is volatile, and if the price dips far enough , youll have to kick in more money to keep your account, or youll have to sell some or all of your investment. Also, the salesmans commission is based on the total amount of the purchase. So hell get, say, 5% of the $20,000, or $1,000. Although 5% is a fair commission, its 25% of your $4,000 equity stake. On top of that, youre paying interest on the money borrowed.
And even worse, says the FTCs Brown, in some instances the telemarketers do not disclose that your precious-metals investment will be leveraged. They bury the details of the leveraging and the interest charges in dense contracts, she says.
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Tips For Buying Gold Coins Safely Online In Usa Without Risk
Buying and selling gold coins can be very lucrative if you do it right. It takes time to understand this business perfectly and you have to make all necessary decisions before you dive into buying gold coins. In the past, investors could only buy gold through registered dealers. Today buying gold is easy to do without such an intermediary and can be a sound way to invest. How to buy gold coins online using credit card in the United States may include
a.
When planning to start buying gold coins, we suggest you go for someone who is insured, has controls in place to detect fraud, and guarantees their product. Note that a good online gold dealer should have fair prices. You have to understand the price of gold especially the day you are buying, and calculate the percent over spot price the dealer charges.
Also have it in mind that a good online dealer should offer flexible payment methods. Credit and debit cards should most certainly be accepted, as should check and wire or bank transfers. You also have to ensure that the dealer has excellent supply chains. We also suggest that you verify the dealers reputation. Take your time to research testaments and recommendations from customers or other autonomous sources.
b. Be very careful
c. Dont be taken
d. Choose your coins very carefully
e. Know the market price for gold
Where Else Can I Buy Gold
Buying gold from a bank isnt for everyone. Online retailers often offer the same quality gold products at comparable or better prices. Gold dealers are experienced in what they sell and are often licensed to sell these gold assets to you. Combine competitive online rates with direct low-cost shipping to your door, and there is a good incentive to purchase online.
Gold coins are usually available at pawn shops and the like, but we typically dont recommend buying gold at establishments like that since they are usually not experts, and youll find a high markup.
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Buy Your First Gold Bar
The advantages of buying gold bars are numerous. When youre ready, browse gold bars online and call 1-844-307-1589 to receive a free one-on-one consultation regarding your overall financial goals. Experienced Account Executives are standing by to answer your questions and help you choose the right gold bars and coins for your portfolio!
