If you are thinking of adding some gold coins to your investment portfolio, there are a few important things you should consider. Of all the different forms of gold, coins are perhaps the most popular, with American Eagle and Canadian Maple Leaf Coins being the most popular. For some investors, buying their gold in coin form adds something to the investment, and over time, a considerable collection of rare coins would most certainly appreciate in value and possibly more than if the metal was in bullion or jewelry form. Like any other investment, it is not recommended to acquire precious coins without at least some basic knowledge of the commodity in question.
Stick To Recognised Formats
American Eagle Gold Coins come in four denominations – one ounce, a half ounce, one-quarter ounce and one-tenth of an ounce. The one-ounce coins are the most popular and they can be bought or sold easily through any recognized gold coin dealer. There’s cash for gold Melbourne investors gain from Gold Buyers Melbourne, who have premises in the CBD and are the best place to start your collection. They actually refine gold and would offer competitive prices on all types of gold purchase, including coins. The Canadian Maple Leaf Gold Coin is also globally recognized and if you choose either (or both) of the above, you can be sure of the purity.
Gold Coin Purity
The purity of a gold coin can be measured by Karat, with 24 karat gold being the purest, or by fineness. The fineness of 24 karat gold would be 999.9 parts pure out of one thousand – even the purest of gold contains a minute amount of other elements – and the gold standard regarding coins would be .999 purity.
While it is possible to purchase gold coins without possessing them, this is not advised, as any certificate or promise could end up worthless. If you have the gold coins in your possession, you can be sure that they are actually yours. If you visit any reputable gold dealer’s premises, you can walk away with the actual coins, which leaves nothing to chance.
Set Your Investment Budget
Decide how much you are willing to invest in gold coins prior to making contact with a dealer, and of course, it is never wise to keep all your eggs in one basket. It is likely you are looking for a long-term investment, however, keep your eyes on the spot price, which will alert you of any serious price fluctuation.
Gold has always been a sound investment and providing you buy from a reputable gold coin dealer, there is no reason why your investment shouldn’t be a profitable one. If you would like to make contact with a local gold coin dealer, all it takes is an online search and they would be happy to help you acquire any amount you desire.
Image Source: Unpslash