How to Buy Gold Coins

In today’s marketplace there is a wide variety of products available to those who want the security and profit potential of gold. If you are contemplating an investment in gold, you should give the same careful thought to your options as you would to any other important financial decision.

First of all, to truly benefit from the unsurpassed security of owning gold, you should understand that the only way to accomplish this objective is to own physical gold. Other gold investments, such as exchange-traded funds (ETFs), gold mining shares and gold accounts provide investors with exposure to movements in the price of gold, but do not provide the security that only physical gold can provide.

In order to buy gold you need to understand that there are two types to choose from.

Bullion Coins and Bars

Individuals can select from a broad array of gold bullion coins issued by governments around the globe. Examples are the Gold American Buffalo, the Gold American Eagle, the Canadian Gold Maple Leaf, the Austrian Philharmonic, the South African Krugerrand and several others.

The current market value of a bullion coin is determined by the value of its gold content, plus a premium that varies between coins, dealers and market conditions. These bullion coins are most commonly available in 1/20, 1/10, 1/4, 1/2 and 1 ounce sizes. One should be aware that the premium tends to be higher for smaller sizes.

Gold bars are also available in a wide assortment of weights and sizes, ranging from as small as one gram to 400 troy ounces (the size of the internationally traded London Good Delivery bar). For individuals looking to take physical delivery of their gold, the 400-ounce bars lack the convenience, portability and practicality of coins and smaller bars. Gold bars are manufactured by literally dozens of internationally recognized refiners around the world.

Rare Gold Coins: The Best Way to Own Gold

Rare gold coins are considered by many to be the best way to own gold because they offer many important advantages in addition to the intrinsic value of gold, here are the three most popular:

1. Rare gold coins offer the advantage of increased profit potential over gold bullion coins and bars due to their quality and scarcity. Whereas literally millions of new gold bullion coins and bars are minted and manufactured each year, no one is making any new rare coins! The most common rare gold coins have surviving populations in the thousands, as opposed to the tens of millions of gold bullion coins which exist on the market.
2. Rare gold coins also offer enhanced protection against government restrictions on private gold ownership. In 1933, the President put forth an executive order to confiscate privately owned gold and outlaw the private ownership of gold. But it specifically exempts numismatic rare coins from its provisions.
3. Many who value their privacy also acquire US rare coins due to their status as a collectable that allows purchase and sale of them without 1099-B reporting to the IRS by the coin broker/dealer. These transactions are confidential.

For an expanded overview of the two types read bullion and growth gold/U.S. rare gold coins.

How to Buy Gold from ITM Trading Inc.

ITM Trading’s professional precious metals consultants can help you select which gold products are right for your circumstances. Using your goals, risk tolerances and budget parameters, we can provide you with the information that you need to make an informed decision.

Once you have made a decision about your gold purchase, your ITM Trading consultant will connect you to our Trading Department, which has successfully processed thousands of rare coin and bullion transactions for over a decade.

To ensure complete accuracy, all pertinent information, including the coins you will be acquiring, the designated name for ownership of the coins, and the address for shipment of your purchase will be verified via a recorded conference call with our trading department. ITM will then generate an invoice based on that information. We accept three forms of payment, bank wire, cashiers check or personal check. For your protection your coins will arrive registered and insured via United States Postal Service, and will require a signature at the time of delivery.

It’s that simple! Call ITM Trading at 1-888-696-4653 to speak to one of our Precious Metals Consultants.