Whether as a casual hobby or for serious income generation, buying gold coins is a great investment. However, individuals should do some research prior to laying out any cash for this precious commodity. There are ways to find the cheapest gold coins that will yield the best value for both novice and serious investors.
Look for reasonably priced uncirculated gold coins that carry a price just five percent over melt value. These coins may be United States minted and could be over one hundred years old, which will make them worth a lot of money. Brilliant uncirculated coins are in the best condition and have not been passed around, which makes them the most valuable. Send the coins to an independent grading agency and that will increase the coin’s value even more. The agency will grade the coin and package it in order to prevent damage from future handling.
The grade issued by the agency may automatically increase the value of the coin. Look for coins such as the American Buffalo, American Gold Eagle, Canadian Maple Leaf, Chinese Panda, and Chinese Lunar Animal gold coins. Then do some research to understand what makes each of them unique because this will lead to the most informed purchasing decisions.
Do some Internet research to find reputable online and local dealers. If you are unable to view the actual gold coins, ask to see photos of them before making any purchases. Coins are frequently available for online purchase and will be mailed via an insured shipping method.
There is little risk involved in purchasing the cheapest gold coins because the cost will be approximately five percent over melt value. The coins will be in brilliant uncirculated condition and, if the coins have not already been graded, they can be sent to an independent grading agency for evaluation. Anyone who wishes to buy gold coins is making a smart investment in a very precious metal.