The price of gold is increasing and many people are finding that now is the ideal time to invest in this precious metal. Gold comes in many forms including gold bars, gold jewelry, and gold coins. In particular, gold coins are one of the safest investments in today’s economy. Investors may buy gold coins online or from a dealer, but should know a bit about investing in this commodity before taking the plunge.
People who purchase gold are investing in either gold bullion or numismatics. Bullion is gold in its pure form, or as close to it as possible, and usually ranges from 0.90 to 0.999 fineness. Commemorative or minted gold coins are referred to as numismatics. Gold coins can be rare, antique, or newly minted and they range in value.
Some people invest in gold coins as a hobby and are considered collectors. Many gold coins carry a value in the collector’s market that exceeds the value of the gold content itself. These coins may be purchased from a reputable gold dealer or bought online.
When buying gold coins online, first do some research to find the most reputable Web sites. Research how long an organization has been operating, areas of specialization, and typical customer base. EBay, Monex, the American Gold Exchange, and local dealer Web sites are great places to buy gold coins online.
When you buy gold coins online, purchase the one troy ounce size due to its popularity and ease with which it can be re-sold. Request to view a picture of the product before making a purchase and conform the coin’s authenticity by verifying the serial number and contacting either the Numismatic Guarantee Corporation or the Professional Coin Grading Service in order to obtain verification that the coin dealer and the coin are certified.