People who are new to buying gold coins and investing in such have many questions regarding the various choices and options when it comes to making their purchase. When considering which to buy, many new investors want to know the difference between gold coins and gold bullion.
Gold is gold, essentially, and a coin with a rare valuation due to it’s rarity or minting and condition might not necessarily be considered to be a bullion coin. The type of coin it is can affect it’s liquidity as well as the resale value. A commonly recognizable coin such as eagles, maples, buffalos, krugerrands and the like, will command higher premiums on resale. In addition, it is a lot easier to sell recognizable coins than say, a large bar or something uncommon to those in the buyers market.
How can you tell a genuine gold bullion product? A True bullion product practically always has the word gold printed on it somewhere, not always in English. It also has it’s mark or stamp of purity such as.999 and its weight be it grams or ounces. Bullion can be coins, bars or ingots. A numismatic or regular coin, such as vintage ones usually do not have any of that information on them.
Is it worth it to try buying gold coins on eBay? If you have had some experience with buying on eBay, you could do well, but don’t expect to get super bargains, as you are still dealing with spot price and market value that cannot be negotiated down too far. Just be cautious and make sure the seller has a very high feedback rating. Look beyond the feedback number and check into the feedback rating itself. Look for one above 95% or even higher. Also, try to find a power seller as they are among the most trusted sellers on eBay, generally speaking. Also look for products being auctioned without a reserve price, so you will not have to bid too high and you may get a good deal. Here’s more info in regards to Buy Gold Online stop by our own webpage.
Always make sure there is a fair return policy in place so you have a reasonable time like 7 to 10 days to evaluate the coin making sure it is in the condition that was described in the auction. If it does not meet the specifications described by the seller then you can send it back and just pay for shipping and get a refund. Now and then, coins can be graded incorrectly, even by accident and not everyone adheres to strict guidelines when it comes to grading these items.
Another option is to purchase gold coins from a bank, but not every bank has such coins for sale, so you will have to find one that does. This might be an appealing option to those who are not very experienced or savvy with purchasing gold coins.
Which are the most popular of all the gold bullion coins? They are the Canadian Maple Leaf, American Eagle, Chinese Panda and the South African Krugerrands. There are some others as well that are popular with buyers, such as the gold buffalo nickels as well as some other types. But those first four are among the most widely known and most commonly purchased by investors and collectors alike.
If you are going to buy your coins locally and in person, I would suggest a small coin shop or coin dealer that has been around at least a few years and has developed a good reputation as a business. The dealer should also be knowledgeable about his inventory and products and should have good business ethics. Being a member of the American Numismatic Association and the Better Business Bureau would be great, but not always necessary.