Gold Coins For Sale

Gold Coins For Sale

Gold Coins For Sale
By Alan LeStourgeon - Ezinearticles

With the current state of the economy being in utter turmoil, many people are looking for gold coins for sale so they put their investments some place secure and to preserve their wealth. Volatility in the stock market and traditional ways of investing have caused many people to look to alternative financial vehicles. Collectors and investors alike are shopping at various venues such as coin shows, local auctions, private dealers, gold brokers and of course eBay to acquire coins to add to their collection or portfolio.

When it comes to collecting and investing in gold coins there are really two kinds of coins you need to be aware of. There are numismatic or collectible type coins that have a value above the price of gold contained within each coin. What essentially makes these coins valuable above their gold content is their scarcity, mint mark, quality of strike, age, possibly their ownership record, their design, whether or not they have been professionally graded and a few other factors.

The second type of gold coins available in the metals and investing market today are bullion and bullion like coins that are mainly valued based on their gold content and purity. There are also two types of coins within this group as well. Those that are true bullion coins and those that are not. True gold bullion coins will have a purity of .9999 percent and are 24 karat gold anything else, including 22 karat gold coins are not considered true bullion coins although they may be referred to that way by collectors and dealers.

Generally with these kinds of gold coins for sale they do not carry that much numismatic value. Although some first edition coins such as the 2006 gold Buffalo minted in the United States being the country's first true bullion coin do carry a bit of value above their gold content, no modern gold coin such as this carries near the value true collectible coins do. Numismatically valued coins can be worth tens or hundreds of thousands of dollars above that of their gold content while a rare Buffalo coin as mentioned previously may only be worth a few hundred dollars above that of any other modern gold Buffalo.

Whether you are an investor or more of a collector in beautiful gold coins, you should be careful where you shop and eventually buy your coins. It is important to study your market and the kinds of coins you want to buy so you know what to look for and what makes your particular coins valuable. While it is generally very safe to buy these kinds of coins on eBay or even at your local coins dealer, knowing what to look for can save you a lot of money or may be able to help you spot a superb deal.

Always check an eBay dealer's feedback to see if they have been giving their customers what they have promised and have delivered their coins to them in a timely manner. If you are just starting out buying gold coins, take a friend with you that knows something about coins to your local show so they can help you and offer suggestions on coins you are interested in. Stop in frequently at coin dealers in your area and talk to them about your collecting and investing goals and so they get to know you and may offer you something you want at a good price before they offer it to the rest of the public.

Being knowledgeable about what you are collecting or investing in will make you much more certain to get exactly what you're looking for and at a fair price. The next time you are looking for gold coins for sale you will be prepared and ready to do business.

Gold Coins For Sale