Why Buy Gold Coins
Since about the year 2000, there has been an overall increase in gold coin prices in virtually all currencies as well as in the amount of individuals physically buying gold coins.
Since the financial crisis of 2008, the trend of online gold dealers selling gold coins and gold bars to the investing public has increased dramatically.
It has become quite common for investors to buy gold coins in order to better diversify risks to their wealth and investment portfolios.
Since 1977, Kitco has been both selling and buying gold coins and other physical precious metals. We are the worlds #1 gold news website and a trusted online silver and gold dealer.
Finding trusted local or online gold coin dealers who promptly deliver quality gold coins and bullion bars at fair and reasonable prices can be difficult.
We have been working in the gold bullion industry for over 40 years and seen many local and online gold coin dealers come and go.
When buying gold coins online from gold coin dealers, the most important factor to consider is the experience and track record of the gold coin dealer you are considering from where to buy gold coins from.
Want more information on how to sell and buy gold? How to sell and buy silver?
Please reach out to our first class Customer Service Representatives by email < > or by calling them at 1 877 775-4826 or at 1 514 313-9999 .
Is Buying Gold Online Safe
Buying gold online is as safe as any other transaction you make over the internet as long as you know you’re dealing with a reputable company. The best dealers use SSL encryption and are PCI compliant. Plus, all their shipments are insured for their full value.
The most significant risk you face is purchasing from an illegitimate company that sells fake products, overpriced inventory, or simply runs off with your money. As with any online purchase, you are your first and last line of defense against scammers. You need to do your due diligence on gold dealers by researching them online.
The Best Gold Coins To Buy
There are a lot of gold coins on the market. But they all fall into two basic categories: standard bullion coins, or numismatic coins.
Bullion coins simply refer to gold coins that are made almost exclusively from precious metal, in this case gold. Their attraction is that they consist of highly refined gold and are viewed primarily as an investment. Some bullion coins have an alloy to make the coin more durable, since gold is a soft metal. Bullion coins are not regarded as a collector coin, which is a different class of coin .
You can buy bullion coins from a number of government mints that produce them each year. These are generally referred to as sovereign coins, meaning they are manufactured by that government. They also come with a face value . These face values are mostly symbolic at this point, since the gold content of the coin makes them worth a lot more than the value printed on the coin. But each government guarantees they will always be worth the amount stated.
Private mints also make gold coins, called rounds. While usually of good quality, they dont come with a face value or the same government backing. This makes them less attractive than sovereign gold coins, and thus the popularity of gold rounds is limited not high .
The best rule of thumb on whether to buy numismatic coins is this:
Unless you plan to become a coin collector, avoid numismatics and their higher premiums.
Add it all up and
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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
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!
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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
What Are The Options For Buying Gold
When you want to buy gold, you have the option to buy gold bars, gold jewelry, gold rounds, or gold coins from sovereign mints and/or precious metal refineries.
Options for buying gold include:
- Gold Bars
- Gold Coins or Rounds
- Gold Jewelry
Gold is extremely rare a miner is more likely to find a five carat diamond than a one-ounce nugget of gold. Even mining all of the oceans in the world would yield only 10 parts of gold per quadrillion though they are estimated to hold up to 15,000 tons of gold. Buying gold is much easier than finding gold.
Generally, non-legal tender gold bars are cheaper than legal tender coins by a few dollars per ounce. Clients seeking to purchase gold for the least possible price favor gold bars. The larger the bar, the lower the premium per ounce. Gold bars issued from government mints are IRA eligible and the IRS requires precious metals dealers to file a 1099-B form when repurchasing gold bars in increments exceeding 32 ounces per transaction.
Around half of all gold mined today is made into jewelry, which remains the single largest use for gold. For those who have decided to purchase coins, there are several factors to consider when making your purchase. For example, from which mint should you buy your gold?
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Investing In Precious Metals
Adding precious metals bullion and coins to an investment portfolio can provide diversification and can act as a hedge against inflation. We offer competitive pricing that is driven by market rates and quoted in Canadian or US dollars. In addition to owning physical precious metals, you can also buy precious metal certificates this allows you to own gold or silver without taking possession of physical bullion or coins.
Brief History Of Gold Coins
Gold coins were first struck in the Western world around 550 BC on the order of King Alyattes of Lydia . With a design on one side only, the Lydian Stater circulated as currency in many countries before the introduction of paper currency. Even after paper money was introduced, its value remained explicitly linked to gold, for it could always be exchanged for gold upon demand.
Despite the proliferation and variety of world currencies and the changing position of gold in the international economic system, gold coins have retained their popularity and value because they are portable, non-perishable, difficult to counterfeit, and have universally recognized value. Julius Caesar, for example, gave 200 gold coins equal to 27 years pay! – to each of his veteran legionnaires in celebration of victories in the Gallic War.
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What Is A Bullion Coin
A bullion coin is an investment-grade coin that is valued by its weight and fineness of a specific precious metal. Unlike commemorative or numismatic coins valued by limited mintage, rarity, condition, and age, bullion coins are purchased by investors seeking a simple and tangible means to own and invest in the gold, silver, platinum, and palladium markets.
American Eagle Gold Bullion Coins are available in four sizes: one ounce, one-half ounce, one-quarter ounce, and one-tenth ounce. American Eagle Silver, Platinum, Palladium, and American Buffalo Gold Bullion Coins are available in the one-ounce size.
Gold Mutual Funds And Etfs
Rather than investing in a single company tied to gold, you invest in a basket of gold-related securities through gold mutual funds or ETFs. Gold funds may track the price of gold, include the stocks of multiple gold mines and refineries or provide exposure to gold futures and options.
Top gold mutual funds and ETFs include:
- iShares Gold Trust
- Invesco DB Gold Fund
- Franklin Gold and Precious Metals Fund
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The Advantages Of Buying Gold Bars
Tip: Youll get more ounces for your money with bars than coins.
The primary reason investors choose a gold bar is that its less expensive than a gold coin. Premiums are lower because coins have a more intricate design and thus greater labor and machining costs. Coins may be prettier, but youll pay extra for that appeal. The other advantage of gold bars is that theyre easier to store. A gold bar takes up less space than the same number of ounces of coins. In fact, bars were originally designed specifically for ease of storage.
Buying gold bars doesnt compromise any of the core advantages of gold: theyre portable, private, liquid, and will last forever.
Which Is The Best Gold Coin To Buy
The most popular gold bullion coins in the world are American Gold Eagle coins. Your reason for buying gold coins is likely independent of popularity, however, so the best gold coin for you to buy is the one which:
- is most pure
- is most simple to buy
- fulfills your preference for aesthetic design
- best serves your financial investment purpose
- provides the best return on investment when resold
Coins purchased as gifts or collectible investments are often chosen because someone prefers their design scarcity and demand also determine which coins are considered most collectible at any given point in time. Every year, both private and sovereign mints produce new coins with unique design variations, some of which are minted only for a limited time, thereby influencing their value and availability.
Texas Precious Metals also offers several others of the worlds Top-Selling Gold Coins, notably the Australian Gold Kangaroos by the Perth Mint, the Austrian Gold Philharmonic by the Austrian Mint, the Canadian Gold Maple Leaf by the Royal Canadian Mint, the South African Gold Krugerrand by the South African Mint, and the American Gold Buffalo Coin by the United States Mint.
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Buying Gold Coins From The Us Gold Bureau
There seems to be no limit to the different ways gold can be utilized today in the world. Gold is used in a variety of different industries and fields across the globe. From its uses in technology due to its extreme conductivity to its perceived application in modern medicine, the metal that carries the chemical element symbol Au is arguably the most famous metal on earth. Here at the U.S. Gold Bureau, we’re more concerned with the yellow metal’s value in relation to its scarcity. Since it was discovered, people have coveted it due to its rarity and beauty. We proudly offer a wide variety of gold coins, rounds, and bullion.
Insider Tips For Selling Your Gold Coins Profitably
Your goal is to make profits from the coins you have purchased so after buying the coins, you have to continue to keep an eye on the value of the coins so that you can know when the values have risen, and then you can sell your coins for profit.
You can continue to keep an eye on the prices on the website of the US mint or check places like www.goldprice.org for the latest prices. It helps to wait a few years after purchasing the coins before selling them because by then the value would have risen considerably and you can earn a sizable profit from selling them.
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Know the value of gold
In buying or selling, it is essential to keep track of golds prices. Several newspapers and websites give updated news on the prices of gold. It is advised that you keep up with those medium. Do not rush to sell your gold unless what you have is doing extremely well in the market. Sell your gold coins when the prices are most favourable or when you really need the income.
- A good site to keep watch of gold value is www.goldprice.org
- Sometimes it is best to wait for years before selling particular coins, no matter how well they are doing in the market.
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Know the value of your countrys currency
Information on this can be gotten online and in newspapers too. Selling your gold coins when your countrys currency drops is advisable because gold and currency of a country tends to have an inverse relationship.
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Sell your coins when the demand is high
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Avoid selling to unsteady buyers
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How To Store Gold Bars
Part of buying gold bars is where youll store them. While keeping some at or near home can be useful, you dont want all your physical wealth vulnerable to one act of misfortune.
The ideal solution is to keep what you think you might need in an emergency close byand then get the rest of your holdings out of the house, and yet still have it easily accessible at any time.
That option is available. Private, non-bank, fully allocated, fully-insured class-3 vaults offer the highest level of security and are the best way to keep bullion safe during times of financial and social crises.
South African Gold Krugerrand Coins
The South African Gold Krugerrands are perhaps the products that started the frenzy of gold coin production across the globe. In fact, it was the only gold coin on the market between 1967 when it first released and 1979, until the Canadian Gold Maple Leaf launched.
These coins aimed to increase private ownership of gold, and was struck using 0.9167 pure gold. However, economic sanctions against South Africa during the 70s and 80s saw this coin being banned in Western countries.
The proud Springbok Antelope appears on the reverse, while the portrait of Paul Kruger adorns the obverse sides.
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How To Choose A Reputable Gold Dealer
Unquestionably, a company’s reputation is the number one criteria to evaluate and compare gold dealers. The single best measure of a company’s reputation is its transaction history, which can be assessed by customer reviews. Companies with a large number of reviews are typically more established or have built up their trust and reputation through a greater number of transactions.
Additionally, you should look for the following when evaluating a dealer’s reputation:
Us Scrap Gold Buyers / Cash For Gold
Whilst most US Gold Dealers will buy scrap gold, we list a number of trusted Cash For Gold specialists alongside detailed consumer reviews.
As an unregulated market, its important to be cautious when selling unwanted gold items to scrap gold buyers and cash-for-gold outlets. Customer complaints in this area of the market are at an all-time high, with low offers being the most common issue.
Always read trusted third party reviews before sending your unwanted metals by post to avoid potential losses.
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