Investing In Gold and Silver Foreign Coins, Is It A Wise Thing To Do?

So you have made the decision to start investing in gold and silver. Congratulations because that’s a very wise thing to do right now. Next, you need to decide which precious metals coins, or bullion will make the best investment for you. There are so many different options out there and it can be difficult to decide. For precious metals investment purposes, this article is focused mainly on people residing in the United States.

Many people think to themselves, “Why not buy some South African Krugerrands, Canadian Maple Leafs, British Sovereigns, French Roosters, Danish Mermaids, etc.” Boy, doesn’t that sound sexy? It sure does. That’s the stuff of international mystery and intrigue. If you are going to invest in gold and silver, you might as well have some fun with it, right?

Here are the facts. Any numismatic premium associated with foreign gold and silver coins diminishes outside the country of origin. So if you buy some of these sexy foreign coins… when it comes time to sell them… if you want to get the best price… you are going to have to find buyers in the respective countries. Then you are going to have to ship them overseas to the buyer….and you have the exchange rates to deal with, etc.

Additionally foreign coins often have varying weights like 0.2354 troy ounce, etc. They are almost never one full troy ounce and they are seldom stamped with their metal content or purity… but only stamped with the denomination value. Due to the above factors, foreign coins are much more difficult to sell and are of limited value in an emergency, economic or otherwise.

You may be asking yourself; “If that’s the case, why do so many of those metals dealers/salespeople push them so hard?” You guessed it. They often place higher mark-ups on foreign gold and silver coins so they can make more profit on them. In my opinion… why bother? Why take on the added risk? Why not keep it simple and just do it the easy and safe way?

In my opinion you just can’t go wrong if you stick to the basic American Gold Eagle Coins and American Silver Eagle Coins. They are legal tender or currency of the United States, they are minted by the US Mint, they are 99% pure, they are a full one ounce in weight and they are one of the most recognized and accepted coins in the world. No one questions their value or authenticity. Gold American Eagle coins and Silver American Eagle coins are easy to buy and easy to sell. Would You Like To Buy All the Gold and Silver You Want — at Wholesale?

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Source by Doyle Shuler

Investing In Gold and Silver Foreign Coins, Is It A Wise Thing To Do?