How to Buy Gold Bullion

Where Can I Buy Gold Coins?

You are probably interested in a long term investment that will increase in value. So, it’s natural that you are asking, “Where can I buy gold coins?” That is a great question. But, first, you have to answer a question.

What type of gold coins are you interested in?

There are basically two types of gold coins.

First, there are gold coins that have recently been minted and are sold for their gold content. They are considered gold bullion. That is, these gold coins represent a known quantity of gold of a specific purity. Modern coins of this nature include the popular American Gold Eagles, South African Krugerrand, Canadian Maple Leaf, as well as many others.

Second, there are gold coins that were, typically, minted many years ago and have value both because of their gold content as well as their rarity. These numismatic gold coins are often sold and purchased by coin collectors. Most everyone thinks of the Spanish or Portuguese gold doubloon minted from the 16th to the 19th centuries. But, some of the more popular US gold coins include the one dollar gold coins minted between 1849 to 1854, the quarter eagle gold coin minted from 1796 to 1854, and the three dollar “princes head” gold coin minted between 1854 and 1889.

Where Can I Buy Gold Coins of Numismatic Value?

Because of the high prices of numismatic gold coins most people avoid these coins in favor of bullion coins. Like any rare coin, you need to understand the grading of coins. Grading often uses the Sheldon scale that uses a 70 point scale that places a well worn coin in a “poor” category with a barely visible mint mark to “mint standard perfect” with no microscopic flaws.

Established, well respected local as well as national coin dealers are probably the best places to buy and sell numismatic gold coins. Several national dealers of this nature are:

Numismatic Financial Corporation http://www.nfccoins.com/
California Numismatic Investments http://www.golddealer.com/
Taber Numismatics http://www.tabercoins.com/

Where Can I Buy Gold Coins of Bullion Value?

Most people who are not involved in coin collecting will be interested in gold bullion coins.

These coins can often be purchased at major coin dealers, brokerage houses, some banks or directly from some mints. See the following mints, for example:

US Mint http://catalog.usmint.gov
Canadian Mint http://www.mint.ca/
South African Mint http://www.samint.co.za/

An Alternative to Gold Bullion Coins

Instead of asking, “Where Can I Buy Gold Coins?“, you may want to learn more about purchasing gold bullion bars. These bars come in many weights, all of know purity. You have the option of storing the gold bars yourself or having the mint store your bars in their secure safe.

The bullion dealer we recommend is The Bullion Vault with locations in New York, London, and Zurich.

Gold bullion, whether coins or bars, is the safest way to invest in the world’s standard of value, gold.

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