7 Tips For Buying And Selling Gold Coins

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Many investors are more interested in gold bullion coins than gold exchange-traded funds. Gold coins are tangible and easy to deal with. Since the price of gold never really deflates beyond the expected point and is on the higher side, storing gold coins is always easy. Also, buying gold coins is easier than buying gold jewelry, especially if you are just interested in the investment.

Below are the 7 tips that you need to know.

  • Find a good dealer. Wondering if you can deal in the closest coin shop near me? Well, if you can find a genuine, transparent, and experienced dealer, you don’t need to bother about other aspects.

  • Check the basics. Find if the dealer is licensed and has grading equipment that is certified by the state every year. Transparency is the key to dealing in precious instruments, and you cannot discount that.
  • Go for North American coins, which are easiest to sell and buy at any point of time. The Canadian Maple Leaf coins are 24-karat and are often more popular outside the US, but if you live in the states, go for the 22-karat Eagle. All American Eagle gold bullion coins are better because the purity is guaranteed by the U.S. Mint.
  • If you are interested in gold bars, think again, because selling these won’t be as easy as selling as selling gold coins. Apart from the fact that these are more expensive, these are also complicated to store.

  • Unless you are experienced with rare coins, avoid the same for the sake of investment. Understanding and evaluating rare coins is an art, and not every investor is acquainted with the dos and don’ts.
  • Find a dealer that also buys coins. At the end of the day, you would want your coins to retain its value and liquidity. As such, it is better to find a dealer who deals in gold coins on a daily basis and also buys them back. This ensures that you can sell the coins whenever you need money.

  • Finally, educate yourself. At times, it might better to buy gold jewelry, because you can wear and sell them, while gold coins are more suited when investment is your only concern. Nevertheless, never buy anything that’s less than 18-karat, especially if you intend to sell it at some point.

Check online now to find more on gold bullion coins.