Buy Gold Coins
Posted : admin On 4/10/20222 days ago Buy Gold Online. Golden Eagle Coins offers a system making it easy to buy gold online. Simply place an order on our website and this will lock the price in at the time of order. The best way to pay for the product is usually a bank wire, however we accept many different payment methods. SD Bullion's most popular gold coins, bars, and bullion include Gold American Eagles, Buffaloes, Maples, US Gold, Krugerrands, Pandas, and a wide selection of gold bars. Buy the 1 oz American Gold Eagle Coin at SD Bullion. The 1 oz Gold Eagles’ price here on SD Bullion is the lowest online when evaluating the premium price over the gold price, and the coin has seen plenty of variation over the years to make it perfect for collecting. While Roman numerals were used through 1991, all coins from 1992 to the. The Krugerrand was the first, and for a dozen years, the only gold coin to contain exactly one troy ounce of gold. By 1980 the Krugerrand accounted for 90% of global gold coin sales. Saint-Gaudens Double Eagle. The most famous American gold coin is the 1907–1933 Saint-Gaudens double eagle (0.7734 oz gold content). Many large gold bullion dealers typically will sell a single, American Eagle one troy ounce gold coin at approximately 4 to 5 percent over the current spot or melt value.
Have you ever considered gold as an investment? Or maybe just as a hobby?
In the days of instant, online stock trading and financial accounts, sometimes money seems almost make-believe.
We no longer even have a passbook to hold on to. We certainly never see most of our money as a tangible object.
That’s why there’s something very satisfying and solid about investing in and wanting to buy gold coins.
There’s nothing like going to a coin shop, coming out with a small-but-heavy paper bag, and then taking it home and feel the weight of each coin.
Some people may look askance to buy gold coins in this day and age, however. Isn’t that a little crazy?
Here are some advantages and disadvantages of buying gold coins as an investment:
Advantages to buy gold coins
Gold and other hard metals have always been a time-honored part of traditional investment plans. Here’s why:
- Gold tends to go up when other investments decline, providing a stabilizing effect for your portfolio.
- Gold is a bulwark against inflation.
- You don’t have to pay capital gains tax until you sell.
- Nobody has to know you have it – if that matters to you.
- In worst-case financial scenarios, such as massive currency devaluation, you can use gold and silver to buy and sell. That may sound crazy – but it has happened in other countries.
Disadvantages to buy gold coins
On the other hand, gold has some disadvantages:
- A thief could take your gold if you’re not careful.
- Unlike stocks and bonds, a purchase of gold is not an investment in company growth. You won’t get dividends or interest from tangible gold.
- You may have to wait years for gold to go up in value.
How to buy and keep gold coins
If you decide to buy gold coins, get it from a reputable dealer or financial institution. We wouldn’t buy gold coins on Craigslist, but that’s just us.
If you buy gold coins from individuals or from anyone else you’re not sure of, have the gold coins’ authenticity verified first. You don’t want a collection of gold-plated lead.
U.S. gold coins come in one, one-half, one-quarter, and one-tenth ounce denominations. You pay a “premium” over the price per ounce when you buy gold coins, which is how the dealer makes a profit.
You may pay a higher premium if you buy gold coins less than one ounce each. You should generally buy bullion coins, such as the American Gold Eagle, Canadian Gold Maple Leaf, or South African Krugerrand.
Collector’s coins, called numismatic coins, are a different game than bullion gold coins. They can sell at a very high premium, and their prices are dependent on more factors.
Unless you are very knowledgeable about collector’s coins, stick with bullion coins.
Once you have the coins, you may be tempted to run the coins through your hands, like Ebenezer Scrooge.
But of course you won’t – you should leave coins in their cases, away from scratches and fingerprints.
Don’t even think of hiding gold in your house, unless you have a safe. Thieves know where to look, or they can find it with a metal detector.
Us Gold Coins For Sale
For very little money, you can rent a safe at a bank for your gold and other valuables.
Don’t get carried away buying gold. Perhaps 5 to 15% of your portfolio should be in hard assets like gold coins.
Most investors want the majority of their portfolio to be in growth funds, stocks, or other investments. That’s a good way to get the best balance of risk and return.
Investing in gold coins in other ways
You can even buy coins with your Individual Retirement Arrangement (IRA). You won’t be able to take these coins home.
Your IRA administrator will keep them in a vault for you. Coins must meet standards of purity to qualify as IRA investments.
You can always invest in gold without actually bringing home any gold coins.
By purchasing gold mining stock, gold certificates, or exchange-traded products, for example, you can gain the advantages of gold’s hedge against inflation, without lugging heavy gold coins around and worrying about where to keep them.
When was the last time you were in a coin and collectibles shop?
Photo credit: chrisolson via photopincc