Given the robust sales of gold coins this year, many people are interested in buying that. If you are planning to buy this coins online, you have to be prepared and know what to look out for. Gold coin buyers can be easily mislead.
What To Look Out For
You can try to see if the gold coin is a fake. Real gold coins usually have a dull shine. If gold is mixed with other metals, it usually has a reddish tint to it. Another thing that you can simply do is to check its weight. A pure gold coin is heavy and having a lighter one might give you a hint that it can possibly be a fake. Another way to test it is to drop the coin and find a ‘ring’ in its sound. Gold has a distinctive ‘ring’ when dropped, so that might be your next clue to find out if it is fake or not. You can also perform a scratch test. The coin is usually scratched to find out if it is just gold plated or if it is actually a mixture of other metals. You have to know what the head (obverse) and tail (reverse) of the coin looks like. You have to be familiar with the size and weight of the piece.
Finding a Seller
You have to make sure that you are buying a this coins from a reputable seller who is selling this coins. If you plan to make the purchase from a company specializing in the dealing of coins, make sure it has been in the business for a long time and that is it has an impeccable reputation. It is a good idea to call their office and discuss your intentions with a representative. This should give you an idea of how the company works and whether it can be trusted. There are several online companies that deal with the buying and selling of coins.
Do keep in mind that a reputable seller who will sell gold coins will always present photos of the two sides of the coins. Use a computer program to enlarge the images and to study them carefully. Pay attention to all the details including the edges of the coin. You should definitely seek professional advice if you cannot determine whether the piece is real.
Source by Winston Jenkins
What to Look For When Buying Gold Coins
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