Buy Gold Bullion And Gold Coins Online
Gold is often the top choice for investors because of its extensive use throughout history. Physical assets of solid gold, like gold coins or gold bars, are respected as an excellent means for trading operations due to its rarity and intrinsic value. Similar to silver, gold is one of the very few precious metals to withstand the test of time as a proven and trustworthy savings and hedge investment strategy.
For many years, gold coins, bars, and bullion items were considered to be a symbol of wealth and luxury. Gold coins, bars, and other forms of bullion were preferred for hundreds of years by many powerful civilizations and nations as a store of wealth and commerce. For this reason, today, many buy gold to protect against inflation and to own stunning, state-of-the-art, and historical pieces of the worlds most famous producers. If you want to learn more about investing in gold and which gold products to buy, take a look at our complimentary Learning Center.
Discover which gold products carry the lowest premiums and what the top best gold coins and bars of this year are by following our blog.
The Types Of Gold Coins You Can Buy
As introduced, gold coins come in a wide variety of shapes and forms. Vintage gold that was once used as everyday money has its niche in the marketplace, as does gold bullionthe type of gold coin designed especially for modern-day investors.
The range of weights and sizes of vintage gold coins is virtually endless. It would be impossible to illustrate them with any depth here in this article. In contrast, bullion gold coins made today for investors are a little more uniform in scope. Governments usually mint gold coins in limited quantities.
An outstanding selection of modern gold coins on the market ensures theres something affordable for just about everyone. Here are the common weights and sizes in which modern gold bullion coins are most typically sold:
- 1/25th ounce
- 1/2 ounce
- 1 ounce
Modern bullion coins are minted in either troy ounce or gram weights, no matter their country of origin. Most are struck to .999 or .9999 fineness, though some use the old 22K gold purity. This standardization of weights and purity make it easy to track your total gold holdings.
Rather than single coins, many mints also offer annual sets that include the 1/10 oz, 1/4 oz, 1/2 oz, and 1 oz gold coins within a single package together.
Buy Gold Bullion Online
There is no precious metal in the world coveted more than gold. The famous yellow metal has been a standard by which wealth is measured for centuries, and as civilizations took the first steps out of the Dark Ages and into international trade in the Middle Ages and beyond, gold was there as the standard unit of commerce used by nations and people who spoke different languages. Despite language and cultural barriers, everyone understands the value of gold. Today, gold bullion remains a primary vehicle for private investment and the protection of wealth. The JM Bullion catalog contains a wide array of gold bullion products, some of which you can learn more about below.
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How To Buy And Keep Gold Coins
If you decide to buy gold coins, get it from a reputable dealer or financial institution. We wouldnt buy gold coins on Craigslist, but thats just us.
If you buy gold coins from individuals or from anyone else youre not sure of, have the gold coins authenticity verified first. You dont want a collection of gold-plated lead.
U.S. gold coins come in one, one-half, one-quarter, and one-tenth ounce denominations. You pay a premium over the price per ounce when you buy gold coins, which is how the dealer makes a profit.
You may pay a higher premium if you buy gold coins less than one ounce each. You should generally buy bullion coins, such as the American Gold Eagle, Canadian Gold Maple Leaf, or South African Krugerrand.
Collectors coins, called numismatic coins, are a different game than bullion gold coins. They can sell at a very high premium, and their prices are dependent on more factors.
Unless you are very knowledgeable about collectors coins, stick with bullion coins.
Once you have the coins, you may be tempted to run the coins through your hands, like Ebenezer Scrooge.
But of course you wont you should leave coins in their cases, away from scratches and fingerprints.
Dont even think of hiding gold in your house, unless you have a safe. Thieves know where to look, or they can find it with a metal detector.
For very little money, you can rent a safe at a bank for your gold and other valuables.
Popular Gold Bullion Bars
-Random Manufacturer: Gold Bullion Bars, produced at the most admirable private refineries, offered for the lowest premium.
-Pamp Suisse Fortuna Bars: Known worldwide for its assortment of bar sizes .
-Perth Mint Bars: The bars contain no design and come in airtight assay card.
-Valcambi Gold Bars: 50 gram CombiBar is a creative way to obtain 50 grams of gold through 1 gram detachable bars.
-Credit Suisse Bars: Produced at one of the world’s oldest refineries and comes secured in airtight assay card.
-Sunshine Mint: Investors enjoy their 1 oz bars the most.
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How To Buy Your Coins
Gold coins have been traded since at least the Bronze Age and collecting them is a hobby almost as old. The first-century Roman emperor Augustus was an avid collector of ancient Greek gold coins, says Amanda Foreman in The Wall Street Journal. His face was featured on the aureus, later to be replaced with the solidus as the gold coin of the later, Eastern Roman world.
Angels, ryals and guineas would pop up among others as variations of gold coins in England from the Middle Ages onwards, down to the 24-carat Britannias and 22-carat sovereigns that are still legal tender today
BullionByPost sells all of these, including the high-grade gold ryal of King Henry IV pictured above. It is on the market for £2,650. If youre after a specific historic coin, the Royal Mint will track it down for you.
BullionVault , as its name suggests, sells bullion coins. Aside from the Britannia, other common one-troy-ounce gold bullion coins you will come across include the American Buffalo , Krugerrand , Maple Leaf , Gold Panda and Gold Nugget . But only the Britannia is free of capital-gains tax in the UK. For a full list of where to buy physical gold, head to moneyweek.com/where-to-buy-gold-coins-and-bars.
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Other Ways To Own Gold
There are other ways to scratch your gold itch, however a plethora of financial assets that are not only easier to buy and hold, but can also appreciate in value.
First up: gold stocks, shares in companies involved in mining, refining, and other aspects of gold production. These stocks respond to movements of the price of gold. But they trade on public exchanges like other equities, with all the advantages of liquid sales and transparent prices. And of course, you can buy them through regular brokerages and trading platforms.
Then there are gold-oriented ETFs and mutual funds. These give investors a slice of a wide swath of the gold market either through investing in the precious metal itself or through shares in companies involved in gold production.
They’re lower-cost, more diversified, and more liquid than individual stocks, making these funds a popular choice for the more conservative investor.
More sophisticated investors might consider purchasing an option on a gold futures contract. An option gives its owner a window in which to buy or sell a particular asset at a particular price . Buying an option is basically a bet at which way an asset in this case, the price of gold will move. Correct guesses trigger a payout. And if you guess wrong, the option just expires worthless and all you’re out is the option cost.
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Gold Coins For Auspicious Occasions
Gifting gold coins on special occasions is an age-old tradition in India. Be it a festival or wedding, baby shower or first birthday of the baby, gold bar or coins come across as the best gifting options. Also, many people buy gold coins to add up to their assets and use them at the time of emergencies. Whatever the reason be you can now buy gold coins online at Malabar.
One Ounce Canadian Maple Leaf
Purity .9999 $50 Canadian face value
Backed by: Commonwealth of Canada
Can also be bought in half, quarter, tenth, and twentieth-ounce denominations
Special Note: Royal Canadian Mints advanced security measures make this the most secure gold coin in the world.
Can also be bought in half, quarter, and tenth-ounce denominations
Special Note: The Perth Mint produces a new depiction of the Kangaroo every year
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How To Buy And Sell Gold Coins For Profit
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Acquiring gold coins to buy and sell can be a fun hobby and a way to make some extra cash. Gold is almost always a good investment, as long as you invest wisely. As the value of currency weakens, the price of gold tends to go up. Research the current price of gold before buying and selling any gold coins.XResearch source
Alternative Gold Buying Strategy: Buy The Dips
Buying the dips is a slightly more dynamic strategy than dollar cost averaging. It is often used with stocks but can just as easily be applied to any gold investment.
When you choose to buy the dips, you make a gold purchase any time the price falls below a certain level. This can be a specific dollar amount, or when the gold price is down a certain percentage.
Depending on market activity, your purchase price might change every month. The idea here is still to accumulate gold in periodic installments. But you’re actually buying less gold at higher prices and buying more at lower prices.
There’s a good reason that buying the dips is so popular. In an overwhelming amount of cases, it’s a highly profitable strategy. It can save you money in the long run, but the main drawback of dip-buying is that it depends on the whims of the market. If the price of gold is rallying, for example, you may have to wait weeks before your next buying opportunity.
In most cases this scheme allows the customer to choose their payment method. That could be a debit card, credit card, check, money order, or bank transfer directly from the bank account holder. Please note that if you buy gold on a credit card, you may be charged extra interest when making payments. Conversely, the seller may offer a special discount for payments made by bank wire.
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The Many Reasons For Buying Gold Coins
Gold offers benefits far beyond the fact that its price can rise.
Considerable all the advantages you gain by buying gold coins. Gold is
A tangible asset. You can hold $50,000 of gold coins in your hand, which you cant do with most any other investment. It cant be destroyed by fire, water, or even time. And unlike other commodities, gold coins dont need feeding, fertilizer, or maintenance.
Free of counterparty risk. Gold coins require no paper contract to be made whole. Gold is the only financial asset that is not simultaneously some other entitys liability. It doesn’t require the backing of any bank or government.
Highly liquid. Gold coins can be sold virtually anywhere in the world. There are gold dealers in just about every major city on the planet. And in a crisis, gold will be in high demand. Other collectibles, like artwork, take longer to sell, have a smaller customer base, and will likely entail a big commission.
Value dense. You can hold $50,000 in gold coins in the palm of your hand. Gold coins take up such little space that you can store more value of them in a safe deposit box than stacks of dollar bills.
Private and confidential. How many assets can you say that about in todays world? You must pay taxes on any gain, of course, but if you want a little privacy or confidentiality, just buy some gold coins!
Portable. You can take gold coins with you wherever you go in the world.
Pros And Cons Of Gold Subscription Services
You may have seen companies or services that offer gold purchase plans . They require signing up for a subscription, and the rest is taken care of for you. The investor essentially signs up for financing. Subscribed members can make advance payments and redeem the credit for gold. They may choose to wait to physically receive their order upon redemption.
The biggest benefit of these plans is that they automate the investing process. This ensures you’ll never forget to buy gold. You can “set it and forget it.” The subscription will automatically break up your purchase into monthly installments . Some companies may even allow you to pay later.
There are several red flags with gold subscription plans that you should be aware of, however.
Gold bugs typically prefer owning physical metal to holding cash.
Perhaps the main problem is that gold subscriptions simply cost more. There are added fees associated with the service as part of their terms & conditions. This is not unlike having to go through a broker to buy a stock. Over time, you will pay more per ounce of gold compared to making the purchases on your own.
Lack of flexibility is another issue. Although some investors prefer a strategy that can be placed on autopilot, this doesn’t allow you to buy the dips. Your subscription won’t be able to take advantage of price movement in the gold market.
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Buying Gold Bullion Online With Apmex
Throughout history, Gold has maintained a constant presence and value. The yellow Precious Metals significance cannot be exaggerated, as there is no other metal in the world with its prominence in both history and present-day value. Whether Gold bullion was used in international trade between nations or as a traditional commerce unit, its influence has continued to be the standard by which affluence is measured. Gold bullion transcends language and cultural barriers.
The value of Gold is consistent across the globe. Today, investors buy Gold as a hedge against inflation and market volatility. APMEX carries a large selection of Gold bullion products from bars, coins and rounds, there is something for every investor or collector within our assortment.
The Best Type Of Gold Coins To Buy
Investing in gold coins from exotic, unknown mints can be a risky choice. Grading, purity, and other factors determine the value of gold coins but investors must take great care when sinking money into the illiquid and opaque collectible market. Coins that are supposedly worth way more than their actual melt value should be avoided by everyone but experienced collectors.
Instead, consider owning the most common and reliable, value-based gold coins when saving or investing your money.
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How & Where To Buy Gold Coins
Jeff Clark, Senior Analyst, GoldSilver
Theres nothing quite like holding a gold coin in your hand. And owning some real gold offers a number of advantages you simply cant get with other investments. And since gold is a natural hedge against the stock market, its an excellent way to diversify, too.
This article will cover the basic dos and donts of buying gold coins, including the advantages of owning them, the best gold coins to buy, the best places to buy , and how to avoid getting ripped off. With a few simple guidelines youll be on your way to owning one of mankinds longest-living assets.
This guide to investing in gold coins will seek to answer some of the common questions we hear including:
- Why buy gold coins?
- Which gold coins should you buy?
- Should you invest in numismatic gold coins?
- What are the most popular gold coins?
- Can you purchase gold coins from a bank?
- Whats the best place to buy? Can you trust online dealers?
Lets start with something about gold coins that many investors arent aware of
Question : What Type Of Gold Should You Buy
Bullion coins and ingots are a relatively safe way to buy gold, though some investors prefer to invest in gold funds, such as mutual funds or exchange-traded funds . One benefit of investing in stocks over physical gold is that it’s easier to sell. When you have physical gold, you need to find a physical buyer, which can be difficult and time-consuming, especially when the market starts to go south. In contrast, selling stocks is as easy as a few keystrokes.
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Importance Of Gold Size
U.S. American Eagle gold coin. Source: U.S. Mint
The weight of a gold coin or bar is usually expressed in troy ounces where 1 troy ounce is 31.1 grams, which is considerably heavier than the traditional ounce of only 28.35 grams. You can generally buy gold coins in 1 troy ounce, ½ ounce, ¼ ounce and 1/10 ounce sizes.
At the current prevailing gold market price of $1,700 per troy ounce, the gold in a 1 ounce coin would be worth roughly $1,700. The gold in a 1/10 ounce coin would be worth $170.
If you plan on selling a portion of your gold investment at any given time, then you might want to buy more of the lower denomination coins instead of the larger 1 ounce size. If you plan on holding your investment for a long period of time, then you might prefer buying larger denomination coins.
2012 One Tonne Gold Kangaroo. Source: Coinweek.
If you really want to impress your friends, the Australian Mint issued a solid gold coin weighing 1,012 kilograms in 2012. The melt value of that One Tonne Gold Kangaroo at todays gold prices exceeds $55,700,000.
