subject: 6 Things To Consider As You Purchase Gold Bullion Coins [print this page] Investors purchase many precious metals as a commodity. One of the most popularly traded precious metals is gold. Apart from gold coins and bars, people buy gold also in the form of jewelry. International commodity exchanges sell gold in many forms the most traditional among them being the gold bullion or gold bars. On websites and daily newspapers, investors can find updated spot or commodity price details. Here are 6 things to consider before you purchase gold bullion coins.
1.It is easy to sell and buy the modern gold coins issued by different governments. These are gold bullion guaranteed by the government that issues them. Modern bullion coins are offered in one, half, one fourth, one tenth and one twentieth ounces. Price of these coins are calculated based on the current gold price and a small percentage is added to it towards minting and distribution fees. Most investors can afford modern gold coins as they are available in different sizes.
2.Gold coins are purchased by two categories of people namely investors and collectors. Both buy coins for different reasons. Collectors enjoy collecting gold coins more for their history and beauty rather than as investment value. They carefully scrutinize the rarity and condition of the coin they purchase.
3.Specialized coin dealers sell collectible coins. If you are a coin collector, you must carefully research and identify a dealer who has years of experience and has a good reputation among collectors. You can frequent forums and groups and ask members for recommendations. If you are new to coin collecting, you must first decide on the type of coin you wish to purchase. The next step is to take quotes from many online and offline dealers and compare.
4.Gold is purchased by investors mainly as a cushion against volatile market conditions and economic instability. Gold has always been a safe investment that can be easily sold and that continues to appreciate over a period of time.
5.Investors in US prefer purchasing the American Eagle gold coin. This coin is issued by the US Mint and offers a safe and liquid investment opportunity. Other popular coins sought after by smart investors include the Kruggerand and the Canadian Maple Leaf.
6.As a gold coin investor, you can also purchase these coins directly in bulk from the US Mint. There are many online and local coin dealers for those who wish to make smaller purchases.
Research is the key here. Before you decide on a dealer, conduct thorough research and go through customer testimonials.
