From Peskovnik Wiki @ Nauk.si
People will purchase gold coins for numerous reasons. Some want to add gold for their investment portfolio because it is a stable commodity. Other people purchase gold coins from a collector's standpoint, attempting to acquire rare and valuable coins to complete their collections that will appreciate in value over time.
Before discovering where to buy gold coins, you need to decide on what type of coins you need to purchase. They are numerous types such as American Eagle coins, bullion gold and foreign coins. By understanding the type of coin you need to purchase, you are able to figure out the best place where you can get the gold coin at fair prices. Kinds of coins you might purchase include bullion coins, modern Usa commemorative coins, rare United States coins, foreign gold coins and common United States gold coins pre-circa 1933.
Getting a coin dealer is not as simple as just obtaining the phone book or surfing the Internet. There are shady dealers who won't hesitate to consider you money and never deliver the coins because they disappear from the face of the world. Always carry out the required criminal record check on the coin dealer. Check their background through the Better Business Bureau website and ask important questions regarding their business.
Things you should find out about include: just how long have they been in the business of selling gold; what type of reputation do they have with buyers and collectors; how large of a business do they have where they can supply you with the coins you want; what level of knowledge do they possess concerning gold; do they follow any kind of organization with a code of ethics; and will they offer any kind of guaranty with each sale.
Your best bet is to work with a coin dealer who is a part of the Professional Numismatists Guild. Members of this guild must follow a code of ethics in addition to a collector's bill of rights when it comes to proper sales tactics and fairly representing the need for the coins they're selling. You can also purchase gold bullion and coins from participating banks, brokerages and precious metal dealers. One other good source for gold and silver coins is the Govmint.com. Avoid individuals who are just regular jewelry shop keepers, pawn shops, television ad personalities, online discount sellers or those who are selling gold coins on Craigslist.
Never make use of a coin dealer without a physical store location where one can look at the coin. When the dealer only possess their email, walk away and work with someone else. You should also avoid any type of dealer, online or else, who only accepts cash or strictly requests wire bank transfers. If you run into problems with your gold purchase, it will be hard for you to definitely track down the dealer and your money to resolve the issue.