Three Things You Must Know Before You Buy Gold Coins

In view of the fact that the price of gold and silver has been rising at amazing rates, more and more people are looking to invest in gold, silver and platinum coins. This is a very ideal situation to buy gold bars. There are many honest and famous coin dealers that can help you to buy these investment instruments at fair market value. There are also many people who are looking to rip off the unaware and sell them gold coins at higher prices.

Before investing in precious metal coins or bullion you should do your research and obtain your information from the independent source regarding the price of gold and silver other than the person trying to sell you the coins. There are following three guidelines to help you become a well informed investor.

1. Price:

Gold Investors should be aware that gold bullion coins trade at a low premium over the basic spot gold price because they are minted by sovereign governments that charge a production fee. Usually the spot gold price is based on 101 ounce or larger .999 pure gold.

Many large gold bullion dealers normally will sell a single, one-ounce gold American Eagle gold coins at about four to five percent over the prevailing spot/melt value (and buy them from customers at about two percent less than their normal selling price). Investors should contact different valuable metal dealers and shop for the best attractive price. When a person put silver on sale he should get necessary information about market price.

2. Bullion vs. Collector coins:

Investors should make a distinction between bullion coins whose values normally vary according to the current price of gold, silver or platinum, and “rare coins” that can carry a considerable collector premium based on historical supply and demand.

A few U.S. gold and silver coins may be readily available in circulated condition for a reserved premium over their bullion content, but those same coins in excellent condition may have notably higher value – may be thousands of dollars above their melt price. The market for perfectly graded, high-quality rare coins is fairly strong in these days.

3. Delivery:

Buy Gold Coins

After buying gold bars etc. the next important step is the delivery. Under normal circumstances delivery of coins you’ve bought should be received within 9 to 13 days. However, at the time of purchase the seller may be aware of a mint delivery trouble it should be disclosed to you that there may be a delay / trouble. The PNG (The Professional Numismatists Guild) does not suggest having coins stored by dealers instead verified storage at an autonomous, accredited depositary is suitable for many investors if it involves a large quantity of gold. Check out the latest updates and news at

So we can conclude that one should make investment in gold after getting all the necessary knowledge about the precious metals. And one should also have knowledge about the price of silver per ounce or about the price of other investment instruments.

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