Investing In Rare Gold Coins
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Investing in gold coins appeals naturally to a certain type of person. Perhaps you have an innate love of things old and antique. Perhaps you have always been drawn to the intoxicating luster of gold coins, or the ornate and interesting artwork of rare gold coins. Maybe you have a keen interest in American history. Old U.S. Gold coins are steeped in history and many have a unique story to tell. For whatever reason or reasons you are considering investing in rare gold coins, there are a few things you should take the time to understand first; how to buy gold coins, where to buy gold coins, and lastly where to sell gold coins.
How To Buy Gold Coins
Learning how to buy gold coins is the first step in investing in rare gold coins. Gold coins should only be purchased through a trusted and vetted gold coin dealer. Take the time to read online reviews, check the Better Business Bureau rating of the gold coin dealer you are considering working with. Chances are that if you are truly set on investing in rare gold coins, you will have to do so over the phone. Unless you attend coin auctions or live in a major metropolis where there is a reputable gold coin dealer nearby who has a keen interest and a successful track record in investing in rare gold coins, you will most likely find that dealing with one of the few firms that specialize in rare U.S. Gold coins, such as ITM Trading, will be your best and most assuring choice. Spend a few hours speaking with a Senior Analyst about investing in rare gold coins. This person should be able to make solid suggestions about which U.S. Gold coins to purchase, and they should also be able to give you several reasons why each particular rare gold coin they are suggesting would be a good fit for your portfolio. They should also be able to tell you what the coin sold for previously several years ago.
Where To Buy Gold Coins
Once you think you have decided where to buy gold coins, now it’s time to get serious. Start asking all the hard questions. How long has the company been in business? How long has the Senior Analyst you are talking to worked there, or been in the business? Ask them what coins they own, and why? Ask about commission structure and decide if the person you are talking to is the person you truly want to pay for their expertise. The truth of the matter is that like buying a fine house, a rare automobile, or even tailored clothes, you are going to pay a commission when you are investing in rare gold coins, so you might as well find out how much it is and feel comfortable with who will be receiving it.
Sell Gold Coins
If and when you choose to sell some of your rare U.S. Gold coins, check first with the gold coin dealer you purchased the coins from. This is where the rubber meets the road, so to speak. If you did your due diligence when you vetted the company you chose when you began investing in rare gold coins, you asked about and fully understood their buyback policy. The gold coin dealer you chose should offer the most for your coins, simply because they made their profit upon the sale, and will not take any profit upon your liquidation. Get Your FREE Guide to Precious Metals