People will purchase gold coins for numerous reasons. Some are looking to add gold for their investment portfolio because it is a stable commodity. Other people purchase gold coins from a collector's standpoint, trying to acquire rare and valuable coins to complete their collections which will appreciate in value with time.
Before finding out where to buy coins, you need to decide on what type of coins you want 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 get the gold coin at fair prices. Types of coins you may purchase include bullion gold coins, modern Usa commemorative coins, rare United States coins, foreign 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 Internet. There are shady dealers who won't hesitate to take you money rather than deliver the coins because they disappear from the face of the Earth. Always carry out the required criminal record check on the coin dealer. Check their background through the Better Business Bureau website and get important questions regarding their business.
Things you should find out about include: just how long have they been in the business of selling gold; which kind of reputation have they got with buyers and collectors; what size of a business do they have where they can supply you with the coins you would like; what degree of knowledge do they possess concerning gold; will they follow any type of organization with a code of ethics; and do they offer any type of guaranty with every sale.
The best choice is to make use of a coin dealer who's 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 in regards to proper sales tactics and fairly representing the value of the coins they are selling. You can also buy gold bullion and coins from participating banks, brokerages and rare metal dealers. Another good source for silver and gold coins is the Govmint.com. Avoid individuals who are just regular jewelry shop keepers, pawn shops, television ad personalities, online discount sellers or those who are selling coins on Craigslist.
Never make use of a coin dealer that does not have a physical store location where you can look at the coin. If the dealer only possess an email address, walk away and work with someone else. It's also wise to avoid any type of dealer, online or else, who only accepts cash or strictly requests wire bank transfers. Should you run into problems with your gold purchase, it will be hard for you to track down the dealer and your money to resolve the issue.