Where should I Buy Gold Coins?

There are many places where coin collectors and investors can buy gold coins, but there are not so many where they should buy gold coins.

You owe it to yourself to do proper research and educate yourself about the different options available to you for buying gold coins before you buy a single coin or an ounce of gold.

To begin with, you should be aware of the two basic categories of gold coins which are available for sale in the United States: gold bullion coins and rare gold coins.

Gold Bullion Coins

Gold bullion coins are coins which exist to provide their owners with the value of their gold content. These coins are minted by the millions and have no special value or appeal for coin collectors. They are a convenient, popular way to invest in gold.

There are several popular gold bullion coins available, each produced by a government-owned national mint:

• The American Eagle Gold Bullion Coin, minted by the United States Mint
• The American Buffalo Gold Bullion Coin, minted by the United States Mint
• The Canadian Gold Maple Leaf, minted by the Royal Canadian Mint
• The South African Krugerrand, minted by the South African Mint
• The Austrian Vienna Philharmonic, minted by the Austrian Mint
• The Australian Gold Nugget, minted by the Perth Mint

Each of these coins comes in a variety of sizes, ranging from 1/20 of an ounce to 1 ounce. (Some coins are also issued in 1/25 of an ounce sizes).

Rare Gold Coins

In contrast to gold bullion coins, coins minted in the United States between 1795 and 1933 are rare today and have value as collectibles, thus they attract demand from both investors and collectors.

There are many types and dates of rare U.S. gold coins which were originally minted in the United States from 1795 to 1933, ranging in denomination from $1 to $50. (The denominations between are $2.50, $3, $4, $5, $10 and $20.

Unlike gold bullion coins, whose value is limited strictly to their gold content, rare gold coins can range in value from around $1,000 to millions of dollars.

The most popular rare gold coins for investors are the Double Eagle $20 gold pieces, minted from 1850 to 1933. (From 1850-1907, the Double Eagle design was referred to as the “Liberty” and from 1907 until 1933, its design was named for the designer himself, Augustus Saint-Gaudens.

It is important to know about the two broad categories of coins simply because they are not both available at all the places where you can buy gold coins.

Buying Options

There are several choices for buying gold coins though you can’t get all the coins you might want at all of these choices.

• Full Service Coin Dealers

A reputable full-service coin dealer, such as ITM Trading is the best choice for both collectors and investors who want to buy gold coins.

Our company, ITM Trading has both the expertise and experience to serve your needs properly. We also offer a complete selection of virtually any gold coin you might seek, from gold bullion coins to utlra-rarities.

We are a reputable, full-service dealers and we are highly rated by the Better Business Bureau and have successfully served the needs of tens of thousands of people by securely shipping millions of dollars worth of gold coins over a period of many years (since 1995).

• Local Coin Shops

You can most likely find some gold coins at your local coin shop, but such a business is unlikely to have a complete selection of gold coins. You want to buy the coins which make sense for you, not the coins that the shopkeeper happens to have on hand.

There is one other consideration when patronizing a coin shop: security. You need to be well aware of your surroundings and take proper precautions when going to and from a coin shop because criminal elements are aware that gold is valuable and sometimes untraceable.

In addition, coin shops generally do not provide service after the sale.

• Coin Shows

There are many coin shows held around the country, but you should be aware that these shows are primarily designed for sales between dealers. Members of the public who enter one of these shows should be aware that they are unlikely to receive personalized service from someone interested in taking the time to educate them about coins. Not to mention, you need to be an expert to acquire from these shows.

• Banks and Brokerage Firms

Banks and brokerage firms sometimes, but not always, offer gold bullion coins to their customers as a service. They almost never offer rare gold coins, thus they cannot be considered “full service.”

For the novice or first-time investor, we are tailor fit. We will educate you, get to know your goals and help you create a strategy to support those goals.