Wholesale gold implies that you can purchase gold at less than market value
, or at least at less than resale value. Buyers should beware that claims for 'cheap' gold may be scams. These sellers may try to sell you coins that are less than pure gold. Or they may try to sell coins that weigh less than they advertise. Buying coins can be especially tricky since there are mint premiums and rarity to consider into the price. Gold prices fluctuate daily and it can be tricky getting good pricing on gold. Before you go raid the jewelry box, get a few tips on how to cash in on gold at wholesale prices.
Wholesale pricing is bargain basement pricing. It is what dealers and jewelers will pay. Consumers in a jewelry shop or a coin trading shop will pay more than that. These sellers must make money for their services so they charge you more than the price of the materials. Cheap gold or gold that claims to be sold at less than market value should be scrutinized carefully. Most often these types of scams do sell gold at very cheap prices but the quality of the gold comes into question. The gold may not be of good quality, or it may be mixed with other metals. Worst of all, this type of scam may sell gold plated materials. Wholesale gold is generally gold that is sold at or just above market value.
Gold coins are big business for collectors and investors alike. They offer some great benefits above amassing straight up gold. Coins minted in the United States are considered private assets and are mostly overlooked when it comes to taxes, and reporting to the IRS. Gold coins are usually worth more than their weight because minting attaches further value to the coin. Coins dating earlier than 1934 are highly collected because they are relatively easy to get but are also scarce. Rarity drives up the price. Some very rare coins can be worth anywhere from double their weight up to the millions of dollars. Wholesale gold pricing can sometimes be found at online wholesale coin dealers.
Wholesale gold is easier to get than you might imagine. But buying it requires some knowledge. Gold prices fluctuate daily. Before purchases are made, buyers should check the current market values to ensure that they are getting a truly wholesale deal.