Four Tips On Buying Gold Coins

So, you are thinking about buying gold coins. This is an excellent investment and you’ll truly benefit from this experience. Not only will you benefit financially, but you will also benefit from the joy that it brings when you locate a great deal on a fantastic gold coin.

This holds true whether you are buying gold bullion coins or numismatic coins. Some of the more popular coins that you can purchase are the American eagle gold coin, Canadian maple leaf gold coin and the American buffalo gold coin. You’ll be extremely excited if you get a good deal on any one of these fantastic items.

And that’s exactly what I hope you’ll achieve.

So I’m going to take a few minutes to share some incredible tips about buying gold coins today. If you think you’ll benefit, then stick with me and read this all the way through.

Are you ready to get started? Good. Then let’s do it…

1. Do You Trust Your Gold Broker Implicitly?

I don’t know about you, but when I intend to spend hundreds of thousands of dollars of my hard-earned money, I’m only willing to do so with a company that I trust completely.

So here’s the way I look at this situation…

When I am buying gold coins, I’m only willing to do so through a qualified gold broker. Now for convenience’s sake, I mainly stick to the Internet. But theoretically you could buy your gold coins from a local dealer in your area.

I often avoid the local dealers because it’s a lot cheaper to get quality gold coins online. Plus there’s more variety this way. So that’s another added incentive to buy gold through an online broker.

But which broker should you choose? That’s another question that people often ask.

Here’s how I personally found my favorite gold brokers…

I initially started my search on Google. I checked all of the gold brokers that showed up in the search results for various gold investing terms.

Two gold brokers overwhelmingly represented the majority of websites. The names of the two companies are Birch Gold and Augusta Precious Metals, two of the largest and most trusted names in the industry! As it turns out, they are both top ranked gold brokers and known throughout the world.

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But I didn’t immediately choose them as my gold source. I did a small amount of research first before I made any investment decisions. You see, I wasn’t kidding when I said that I wouldn’t simply hand over hundreds of thousands of dollars to a company that I didn’t trust when buying gold coins.

I did my research. I checked both companies out on the Better Business Bureau’s website.

Do you know what I learned? They both have an A+ rating with the Better Business Bureau. That’s the highest rating that this well-respected institution offers. There were virtually no complaints against either company as well. This is another major plus in my book.

As you can see, they are both companies you can trust and they treat their customers right. I like them both in terms of customer service and reliability of delivering right to my front door.

Birch Gold has a more varied selection of coins than Augusta does which include beautiful rare coins that many collectors enjoy owning. But that’s not even my only criteria for picking up quality gold coins.

Let’s see what else we can come up with…

2. Collectable or Numismatic Coins will Grow in Value Two Ways

I don’t know about you, but when I make a gold coin purchase, I only want the best of the best. I only want coins that will grow in value whether the gold spot price is on the rise or not.

You see, the gold market will fluctuate all the time. That’s the nature of a living market. There will be heavy supply at times, and the value of gold will drop.

At other times, supply will be scarce and the value of gold will rise. You can use this theory to your advantage when buying gold coins.

You do realize that certain gold coins are much rarer than others are. These are called numismatic coins or collectable coins. Their value is based on the rarity and beauty of the coins as well as the gold content.

So if you’re going to spend your hard-earned money on gold, you might as well buy some rare coins. They will grow in value because of their scarcity as well as rising in price when the overall value of gold increases.

When you start buying gold coins this way, you literally get the best of both worlds. You have the opportunity to make money due to owning a rare coin, and you can also make money because the overall value of gold increases.

So you get double the opportunity to earn when making one single purchase. That sounds like a fantastic way to truly gain value, and most people tend to overlook this way of investing.

3. Make Sure You Understand How Collectible Gold Coins Are Graded

I can’t go into the specific details in regards to how the grading system works.

Please understand that there is a grading system, and it could literally mean the difference in thousands, tens of thousands, or even hundreds of thousands of dollars in value when buying gold coins.

That’s why you must learn and understand this system if you plan to become an avid investor.

4. Advantage of Buying US Minted Gold Coins

A US mint gold coin is considered legal tender and because of this classification it is more easily bought and sold than the rarer numismatic coins.

It’s value is solely based on its gold content and is therefore more closely tied to the ups and downs of the economy than a numismatic coin would be.

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If there were a financial crisis, it would be a good idea to have some US minted coins on hand because you could more easily use them as emergency money.

Also, US minted coins such as American Gold Eagles are acceptable for a gold IRA.

That’s all I wanted to cover today… Thanks for stopping by and checking out this article.

I hope you found it useful and informative. Please use this info whenever you begin buying gold coins. It will make the process so much easier.