If you’re looking for the best market to buy gold bullion coins, there are quite a few venues that can be helpful to large and small investors.
Gold bullion coins are coins in which the value is determined by the underlying value of the metal they’re minted from. Unlike other gold coins, age and condition doesn’t factor into their value.
Gold bullion coins can be bought from government-run or private mints, or from gold bullion coin dealers. In general, you’re better off dealing with the mints if possible. The major drawback of dealing with mints is that the bureaucracy involved can be somewhat tedious, and mints don’t always make available all their products online.
The Royal Canadian Mint and the Royal Australian Mint are mints that have easy-to-use Web sites with good information on their gold bullion products.
The U.S. Mint is also usually a great place to buy gold bullion coins. The U.S. Mint sells American Eagle Gold Coins. These coins provide a cost-effective way for investors to add small quantities of gold to their investment portfolio. At the U.S. Mint site, investors can buy gold bullion coins online. The site also sells a variety of other gold products.
However, gold bullion coin production at the U.S. Mint has been temporarily halted because of a rush of buying by investors. The mint is expected to resume production once its stockpile of bullion blanks recovers.
If you’re looking to buy gold bullion from a private dealer, Monex is a good pick for larger investors, as it only deals with large accounts. The only drawback to Monex, and it’s a big one, is that you have to call in to make orders, you can’t do it over the Internet. But to some investors, dealing with a human being instead of an online order form is a plus.
For online purchasing, bulliondirect.com offers good prices. Recent reports say that bulliondirect.com is selling gold bullion for only 3.8 percent over spot value, a very competitive premium. The site also seems to be relatively easy to use.
You can also find bullion coins for sale on Ebay. When dealing with vendors on Ebay, you have to do a little more homework with regard to the reliability of your vendor, but the vast majority of buyers and sellers on Ebay are on the up and up. Because of the review pages on Ebay, it’s relatively easy to check out the vendors’ reputation, in fact it may be easier than checking out a conventional vendor.
When buying gold bullion coins, your best bet for finding the best buy is to cruise Internet discussion forums to see what vendors your fellow investors prefer. By relying on experienced investors’ advice, you can avoid trial and error and move directly to success.
