People will purchase coins for numerous reasons. Some want to add gold to their investment portfolio because it is a stable commodity. Others purchase gold coins from a collector's standpoint, trying to acquire rare and valuable coins to accomplish their collections which will appreciate in value over time.
Before finding out where to buy coins, you need to choose what type of coins you want to purchase. They are numerous types for example American Eagle coins, bullion gold and foreign coins. By comprehending the type of coin you want to purchase, you are able to figure out the best place where you can get the gold coin at fair prices. Types of coins you might purchase include bullion gold coins, modern Usa commemorative gold coins, rare United States coins, foreign coins and common Usa gold coins pre-circa 1933.
Getting 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: how long have they experienced the business of selling gold; what type of reputation have they got with buyers and collectors; how large of a business have they got where they are able to supply you with the coins you want; what degree of knowledge will they possess concerning gold; do they follow any kind of organization having a code of ethics; and do they offer any type of guaranty with every sale.
Your best bet is to work with a coin dealer who is a part of the Professional Numismatists Guild. People in this guild must follow a code of ethics in addition to a collector's bill of rights when it comes to proper sales tactics and fairly representing the value of the coins they're 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 people who are selling coins on Craigslist.
Never make use of a coin dealer that does not have a physical store location where one can look at the coin. When the dealer only possess an email address, walk away and use someone else. It's also wise to avoid any kind of dealer, online or otherwise, who only accepts cash or strictly requests wire bank transfers. If you run into issues with your gold purchase, it will likely be hard for you to track down the dealership and your money to solve the issue.