Where should I Buy Gold Coins?

One must be very careful when choosing to buy gold coins, whether you are a coin collector or a serious investor. Sufficient knowledge about the gold coins is necessary before a purchase should be made. In America, there are 2 basic types of gold coins that one can purchase – the rare gold and the bullion gold.

Gold Bullion Coins

The value of gold bullion coins lies in the content or amount of gold they possess. These gold coins exist in the millions with no outstanding appeal from serious coin collectors. It is easy to possess these as a means of owning in gold.

Many governments have minted their own gold bullion coins such as US mint on the American Eagle Gold coin and the Buffalo Gold coin, the Royal Canadian mint on the Gold Maple Leaf, the South African mint on the Krugerrand, Austrian mint on the Austrian Vienna Philharmonic and the Perth mint on the Australian Gold Nugget.

There are many sizes of these national gold bullion coins.

Rare Gold Coins

Rare gold coins are those minted between 1795 to 1933 in the U.S. which are few in number and thus are considered collectibles that are highly demanded.

The value of rare gold coins is not confined to the gold content within but according to the demand which can range from $1,000 and into the millions.

The U.S. Double Eagle twenty dollars gold pieces are the most popular rare gold coins that were minted between 1850 and 1933.

Buying Options

Although there are many places where you can purchase gold coins, it is best to purchase them at reputable coin dealers, like ITM Trading, especially for the rare gold coins. Local coin shops may also carry some gold coins for your convenience but not a good variety of choices would be available. A coin show is another place of purchase of gold coins which caters mainly for dealers. The public will not likely get the best price from a coin show as they are not knowledgeable enough about gold to negotiate a good deal. The last possible place to purchase gold coins is banks. But these may not always offer good bullion prices or service as gold coins trading is not their forte.

An individual who is an amateur in gold investment should get education on gold before getting involved in investing gold.