When economies shiver and stocks collapse, gold prospers. It’s no wonder gold bullion coins like the American Eagle and Canadian Maple Leaf sell in the millions weekly. Gold bullion coins are extremely liquid, meaning they can be bought and sold quickly. And while gold bullion bars are heavy and awkward to store, gold coins can easily fit into a safety deposit box at your bank. While gold is a smart investment, there are ways that you can get the highest return on your investment and see the most profits. Here are some tips to making a valuable gold coin investment.
Stick with One-Ounce Coins
Although gold bullion coins such as the American Eagle are issued in four denominations (one-ounce, one-half ounce, one-quarter ounce, and one-tenth ounce) the fractional coins typically carry higher premiums above spot prices than the one-ounce versions. While one-ounce gold bullion coins are more expensive than fractional coins, you will get more gold for you money.
Avoid Buying Gold on Bidding Websites
When buying gold coins, avoid buying coins on a bidding website such as eBay. While it is possible to find a great deal on gold bullion coins on a website like eBay, you may end up in a bidding war which will arbitrarily drive up the price of the coin you are trying to purchase. You also don’t know who you are buying the gold coin from when you bid on eBay, which is why you should only purchase gold coins from a reputable dealer.
Hire a Professional Grading Service
If you are interested in rare coins, hire a professional grading service to validate the coin’s authenticity and appraise the coin’s value. If a dealer is offering a rare coin but does not have a certificate of authenticity and will not allow the coin to be certified or appraised, be very careful to make sure you are not being scammed.
California Numismatic Investments is one of America’s largest precious metal and coin dealers. We are members of the California Coin and Bullion Merchants Association (CCBMA) and the Professional Numismatists Guild, among others. Visit our website to browse our gold bullion coin selection, or call us toll-free at (800) 225-7531 to speak with one of our coin dealers today.