Friday, July 12, 2024

Where Can I Buy Real Gold Coins

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How to Avoid Buying FAKE GOLD Coins Online!

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Thinking Of Investing In Physical Gold Consider The Pros And Cons First

Pros

  • Protect your wealth. Gold has long been seen as a reliable store of value that is largely unaffected by the factors that influence other investments. For example, when share prices plummet, the price of gold usually rises as investors look for somewhere safe to park their money.
  • Diversify your portfolio. Golds safe haven status also makes it well worth considering if youre looking to diversify your investment portfolio and protect your overall financial position during periods of market downturn.
  • Easy to buy. There are many dealers who specialize in buying and selling gold, so getting your hands on this precious metal may be easier than you think.
  • Its a tangible asset. If global financial systems were to somehow collapse, such as what happened during the Great Depression, owning gold as a physical asset offers financial protection. Gold also cant be destroyed by fire or water damage and wont corrode over time.
  • Liquid. Gold is fairly easy to convert to cash whenever you need to do so. However, it can be easier to sell a gold stock or ETF than it is to sell a bar of gold.

Cons

Can I Buy Coins From My Bank

Depends where you live. If youre in Europe or Asia, check with your bank. Some banks offer gold products to retail customers. I know several people that have done this very thing in Switzerland, for example.

To find out if a bank offers gold coins for sale, just give them a call . One caution: make sure you compare premiums, so that youre not being overcharged. Also, inquire if they offer lower rates to existing customers.

If you live in the US, it is a common misconception that you can buy gold at a bank. Many people expect a bank to issue gold, harkening back to times of old, but today most physical gold is purchased from non-bank distributors. Even the US Mint requires retail customers go through an authorized purchaser .

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Bgasc: Buy Gold And Silver Coins

With thousands of positive customer reviews, its not hard to realize why BGASC is an A+ BBB accredited business. They offer free shipping on orders $99 and up, and every order is insured while in transit moreover, they always ship your order the next business day.

They are one of the largest coin and bullion dealers in the US and sell nearly every type of US coin ever made. They also have a large selection of mints from other countries, such as China, Mexico, and Canada.

Beware Today Counterfeit Gold Is Everywhere

28 Reasons to Buy Physical Gold

Gold might have a stamp with a particular purity mark, but it isn’t always an accurate certification of its actual gold content. Some gold products of low quality have a false higher fineness marking. On top of this, there are gold-plated fakes filled with different metals underneath the plating. Other times, you might have an unmarked piece of gold. To understand its actual value, you need to authenticate it.

These factors are why its crucial for you to know how to tell if your gold is real. It will help you protect your investments, accurately appraise your belongings, and make sure you get the exact gold you are paying for.

This guide was created to provide you with all the necessary information about carrying out different tests before or after purchasing your gold bullion. You might be asking how do I test gold at home or with a professional? Or, you may be asking how to tell if gold is real. There are many tests for gold, some of which you can do yourself at home!

Through this guide by Bullion Exchanges, you will learn how to avoid buying counterfeit gold products by following some simple steps. But before proceeding to specific gold testing stages, lets review its history and key properties.

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Gold Bullion Bar Refineries/mints

The primary benefits to gold bullion bars for gold buyers are diversity and affordability. Gold bullion bars have lower premiums over the spot price of gold when compared to gold bullion coins, and the variety of options is far more diverse. Gold bullion bars are available not only in the aforementioned weights, but also styles including cast, hand-poured, and minted ingots. Gold bullion bars are struck continuously to meet the demand for gold, with the following refineries and mints representing some of the greatest refiners of gold bars:

Don’t Buy Coins For Historical Value

Some gold dealers engage in a classic bait-and-switch: They offer gold coins or bullion, then try to sell customers on coins with historical, or numismatic, value. In fact, these coins usually have little or no extra value above their melt value — the value of the coin if it were melted and sold as metal.

Goldline International, a major dealer, has come under fire by U.S. Representative Anthony Weiner for the high markups it charges on such coins. For example, Goldline and some other dealers push a French gold coin, the 20-franc Rooster. Weiner says Goldline charges 69% more than the melt value of the Rooster, which has no numismatic value.

In addition to the American Gold Eagle, the best-known coins typically bought and sold for their gold value alone are the Canadian Maple Leaf, the Australian Gold Nugget and the South African Krugerrand.

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Where To Buy Gold

When youre looking for the best place to buy gold, start with a company you trust. The right gold company wont push you to buy gold before youre ready. Theyll start by listening so they can match your needs with the right physical gold product. Where are you on your path to retirement? On safeguarding your wealth? On building a family legacy of financial health? You may hear these questions and more because buying gold isnt something you decide to do overnight. Its a strategic move that takes time and thought to do right. While we may not be the only place to buy gold in America, were Americas only Gold Authority®. So stop searching for where to buy real gold and start getting to know U.S. Money Reserve. We will be clear, open, and honest about what you are buying, how it will arrive, and what you will pay. Purchase gold online or over the phone today!

How And Where To Store Your Gold

I was sold a FAKE GOLD COIN and this is what happened…..

When people buy physical gold, they can store it themselves, have someone store it for them or do a combination of both. Some people keep it in a home safe, storage boxes, or in coin capsules at home. Others store it in a safe deposit box at the bank or other secure location. Safe deposit boxes at the bank are affordable but may offer limited access, based on the hours of the financial institution. The bank does not insure the contents of the box, which means separate insurance should be purchased.

The size of bullion is also a factor. Large bars can be stored in an insured bullion vault or a depository. This is a wise choice for investors with substantial holdings. Holding your metals in a depository may provide greater liquidity because it can generally be sold 24 hours a day, at least 5 days a week, anywhere in the world. Always inquire if a bullion vault is insured and the amount of insurance coverage provided. It is also possible to establish accounts for gold storage. It can also be delivered to a tax-sheltered account, such as an IRA.

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Where To Buy Gold Coins

Gold coins remain one of the most popular ways to hold real, physical gold. You can buy gold coins online, over the phone, or sometimes through a local coin dealer. While you can usually find plenty of local coin dealers across the United States, you want to approach the local-purchasing route with a certain level of cautionjust like you would with any other big decision.

Some veteran gold buyers steer clear of dealers in their area because of potentially higher prices, unfavorable local/regional sales-tax regulations, limited coin variety, travel time, and in-person sales pressure. Buying gold from a local dealer can also strip away a certain level of anonymity. These reasons and more have led many gold buyers to search for where to buy gold bullion coins online. Thats where U.S. Money Reserve can help. Our inventory of solid gold coins for sale online includes some of Americas favorite government-issued coins, like Gold Eagles, Gold Buffalos, and Krugerrands, along with harder-to-come-by gold coins like MS70 Burnished Gold American Eagles and PCGS Certified PR69 Proof Gold American Buffalos.

With U.S. Money Reserve, you enjoy the freedom to purchase gold coins online or over the phone on your own time. Shop from your couch, your computer, or your cell phone. Call if you have any questions. Theres no hovering sales associate or clock counting down to closing time.

So How Can I Test Gold At Home

Now that you know golds properties, the following tests will help you determine if your gold is real, and what is its true purity. Below are the most common ways to test gold, and you should always do more than one to test your gold. These include simple procedures from how to test gold at home to using gold testing machines for getting the most accurate results. First, we will start with DIY gold testing.

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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

Know The Difference Between Bars And Coins

Roman Losev: October 2015

While all forms of pure gold have significant monetary value, not all investment-quality gold is equal. From an investment perspective, investors wanting to add the physical product that tracks the price of gold may wish to avoid gold coins. These coins often feature attractive designs, have historic value, and contain a lower quantity of gold, but still, cost more due to their numismatic value.

In addition to costing more, gold coins sometimes skew the value of an investors portfolio. For example, the highly regarded American Eagle coin produced by the U.S. Mint contains 91.67% gold but costs more than plain gold bars because of its value as a collectors piece. Some investors may want collector’s items, while others may want plain gold bars, which typically are the easiest to hold long term and convert to cash.

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Don’t Pay A Premium For Proof Coins

Proof coins are special editions struck for collectors and often mounted in a special case. The dies used to make them are often finely polished and yield particularly pretty coins with mirror finishes. Proof editions are usually valued more highly than regular coins — by collectors. The premium you pay for proof coins may be inflated and may disappear, depending on the market. So, for investment purposes, stick with regular coins.

Ubs Etracs Cmci Gold Total Return Etn

The E-TRACS CMCI Gold Total Return is designed to track the performance of the UBS Bloomberg CMCI Gold Total Return Index. Rather than investing in physical gold, this fund invests in a portfolio of gold futures contracts. Launched on April 1, 2008, UBG has an expense ratio of 0.30% and total net assets of $5.39 million.

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Buy Precious Metals Now

We offer the following precious metals in gold and silver with a minimum 99.99% purity:

Physical bullion bars Minimum investment of 1 oz. for gold and 1 oz. for silver
Physical coins Minimum investment of 1/10 oz. for gold and 1 oz. for silver
Specialty collector coins

Bars and coins are available in the following denominations4:

Gold bullion bars 1 oz., 10 oz., 100 oz. or 1 kg
Silver bullion bars 1 oz., 10 oz., 50 oz., 100 oz., 1,000 oz. or 1 kg
Gold coins 1/10 oz., ¼ oz., ½ oz., 1 oz.
Silver coins

Banking Centre prices for precious metals are quoted in Canadian and U.S. currencies.

Online prices for precious metals are quoted in Canadian currency.

You may purchase precious metals from your Canadian-denominated chequing, savings or personal line of credit accounts.

No, theres no minimum purchase amount.

Yes. The maximum purchase amount is $9,500 CA within a 24-hour period. Visit a CIBC Banking Centre for purchases over $9,500 CA.

No, there isnt a fee for buying precious metals. Taxes based on your province or territory also apply.

No, all confirmed precious metals purchases online are final.

If the courier cant complete delivery after at least one attempt, youll receive a notice indicating where your shipment is held.

Yes, we insure precious metals purchased through CIBC Precious Metals Online while in transit.

Sign on to CIBC Online Banking®. Go to CIBC Precious Metals Online and select Order History to check the status of your order.

Frequently Asked Questions About Buying Gold In Canada

How to buy Gold and Silver Locally
  • How do I store my gold?

    Once youve purchased your gold, youll also need to find a safe place to store it. There are several options to consider, including the following:

  • Bullion dealers. Many gold dealers will also offer a storage service where you can keep your gold bars or coins for a fee, so ask about the storage options available when you make your purchase.
  • Safety deposit boxes. You can rent a safety deposit box at a bank to securely store your gold bullion.
  • Secure vault storage. For high-level security, you may want to research vault storage companies near you and the storage options they offer.
  • At home. You can also choose to store your gold at home. This obviously may not be as secure as some other options, so you may want to get a home safe installed. Youll also need to update your home and contents insurance to make sure your precious metal is covered by your policy .
  • Do banks sell gold?

    Some banks do sell gold to customers, but many do not. Canadas Big 5 banks TD Canada Trust, CIBC, BMO, RBC and Scotiabank all sell gold and other precious metals. If youre interested in buying from a bank, talk a local bank representative to find out what your options are, and make sure your investment comes with a secure way of storing your precious metals. Youre also more likely to get a better price if you are a customer of the bank youre buying gold from.

  • Disclaimer:

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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

    One Ounce American Gold Buffalo

    Purity .9999

    Backed by: United States government

    Special Note: The newest sovereign coin, first manufactured in 2006 greater purity than the Eagle.

    If you want to own pure gold, coins are a good place to start. Youll have beautiful coins, backed by a sovereign government, which can easily be sold when the need arises.

    I recommend buying one-ounce denominations, because the premiums are higher on fractional coins. But if you cant afford a full ounce, some gold is certainly better than no gold.

    This isnt to say that you should never buy other coins. The point is that every investor should have a meaningful stack of these before buying anything else. These gold coins are your gold safety net, you and your familys monetary insurance hedge that can easily be sold if the need arises.

    Now that we know what to buy, lets find out where to shop

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    Canadian Gold Coins: Beautiful Works Of Art

    The Government of the Dominion of Canada issues the Canadian Gold Maple Leaf annually, which is produced by the Royal Canadian Mint. As legal tender, the face value is 50 Canadian dollars. The content is 24 karat with a fineness of .9999. The standard Canadian coin weighs 1 troy ounce. Denominations include 1 gram , 1/20 oz , 1/10 oz , ¼ ounce and ½ oz . The obverse features a profile of Queen Elizabeth II of Canada with the Canadian maple leaf on the reverse. As of 2015, the coin also has security features.

    Specialized Maple Leaf coins are also available. One has a face value of $1 million. Another special issue contains .99999 gold weight, referred to as Five Nines. Maples are soft and can show handling marks quite easily. A bimetallic maple leaf with a bullion finish was released from 1979 through 2005. These coins were packaged in a black leather case and the collection was meant to commemorate the Royal Canadian Mint.

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