Investment Tips For Gold Buyers

Given that silver and gold prices have been rising at rates that are simply amazing, more and more people are viewing silver, gold and even platinum coins as worthy investments. Today there are lots of reputable and honest dealers who can assist you buy these instruments of wise investment at good market prices. Regrettably, there also exist several who are out to rip off any uninformed seller of their valuable coins.

Prior to investing of bullion or any of such precious metal and coins you ought to carry out your individual research and acquire your metals knowledge. It is best when this knowledge is obtained from elsewhere other than that place where you are trying to buy the coins. To be able to make a purchase that is informed investors in gold need to take into consideration the following important factors.

Price Of Gold

Investors in gold ought to be alert that generally, gold bullion coins do trade at a tiny premium over and above the real spot price of gold for the reason that they get minted by individual and sovereign governments which charge a small fabrication payment. Gold bullion coins that range between 1/10 oz and 1 ounce do go at between 3% and 15 per cent premium above spot price. This will be based on the coin size and the amount being bought.

Most major dealers of gold bullion on average will sell you a single, 1-ounce American Eagle gold coin at roughly 4 to 5% over the existing melt or spot worth. Some of the fashionable gold bullion coins today include the American Eagles, Krugerrands from South Africa and the Maple leafs from Canada. As a metals investor, you ideally ought to get in touch a number of reputable dealers and look for the best possible price. For instance, in the US, the Federal Trade Commission (FTC) publishes a list of all certified traders in the country.

Collector Coins Vs. Gold Bullion

The President of the Professional Numismatists Guild (PNG) Jeffrey Bernberg advises that in case you are not very acquainted with your coins, it would be best to know a good coin dealer who can assist you in making responsible buying decisions. Some coins might be available readily in their circulated state for a fair premium beyond their gold bullion content. Those very coins when in outstanding condition might be having considerably higher worth — possibly in thousands above their melt worth. Currently, the market for high-quality and precisely graded rare coins is fairly strong.

Rare Gold Coins

Gold buyers should be able to distinguish among those regular bullion coins whose worth in general rises and falls in accordance to the existing gold price and the "rare coins" which could be carrying a considerable collector premium price depending on historical forces of demand and supply.

It calls for more expertise and diligence when purchasing rare coins. It is possible for two coins to look similar yet possess entirely different grades. Such a disparity could add up to several hundreds or even thousands of dollars. If possible engage a specialized grading service and obtain an authenticity certificate when purchasing rare coins.

Gold Delivery Specifications

In normal situations, the delivery of your purchased coins should be done within 10 and 14 days. Nevertheless, if it so happens that during the purchase time, the gold seller is aware of a potential or existing mint delivery hitches, this ought to be disclosed to you so that you are aware of a possible delay.

Source by Abraham Barakat

Investment Tips For Gold Buyers