We have been using gold coins to secure our wealth for millennia. With long-term strength of value and predictable market trends, it’s a wonderful investment to help build a strong portfolio. Due to its ability to retain value, gold bullion can help absorb some of the risks associated with other assets that aren’t as unwavering. To help you get started, we’re going to take a look at where to buy gold coins and the pros and cons of each option. Therefore, you can find the best option for your investment needs.
Where to Buy Gold Coins?
If you have ever Google searched “where to buy gold coins near me”, you’re more likely to find more online merchants than local coin dealers these days. Whilst there are some coin dealers that still operate brick-and-mortar stores, they’re far less common than online dealers. Thanks to the wealth of online marketplace platforms, dealers no longer have to forfeit profits to cover overheads that come part and parcel with owning a physical store.
If you’re willing to travel, physically visiting a local coin dealer does have distinct advantages, though. For one, you can see and possibly hold the coins before you buy them. In addition, once the transaction is complete, you can take immediate possession of the coins. You don’t have to wait any length of time to take delivery. However, many local coin dealers may have a limited selection of gold bullion coins - something you will not encounter when shopping online.
Also read: How to buy gold coins?
Sourcing gold coins online can be a little overwhelming, and it can be difficult to know where to buy gold coins safely. Whilst online marketplaces are a wonderful way to track down rare or collectable coins, we don’t necessarily recommend using them to source gold bullion for investment purposes.
Firstly, many online marketplaces are largely unregulated, and it is extremely easy to set up a seller account. This means that anyone can do so, whether they are a trustworthy seller or not. When sourcing gold bullion from private sellers, you have no way to verify whether the gold is genuine or not.
To do this, you will need sophisticated equipment to test the authenticity when the gold arrives. However, at this stage, you will have already transferred funds to the seller. Unfortunately, many platforms forfeit liability for fraudulent or scam transactions, and so it’s unlikely you will get your money back if you are taken advantage of.
If you choose to engage with private sellers on online marketplaces, we urge you to check customer reviews first. This will give you valuable information about the trustworthiness of the seller. If they do not have any reviews or very few good reviews, we suggest avoiding them.
If you do locate a trustworthy private seller, you may also notice that they charge very high premiums. This coupled with possible hidden charges, like insurance fees and shipping costs, means you could end up spending far more than what the coin is actually worth.
Also read: Is gold a good investment?
The Royal Mint
When speaking about where to buy gold coins, The Royal Mint is at the opposite end of the spectrum to online marketplaces, in terms of security. When buying bullion coins directly from the mint, you can rest assured that each coin is authentic and made of the highest quality gold. However, there are some drawbacks that you may want to consider before placing an order.
When browsing the Royal Mint website, you may have noticed that they only stock British gold coins. This is because they only stock coins that they mint themselves. Therefore, you will not be able to buy bullion from overseas. You will be limited to the following coins:
Gold Robin Hood Coins
Gold Maid Marian Coins
British Gold The Queen’s Beasts
In addition, sourcing your bullion from The Royal Mint can be quite costly due to high premiums. Many people choose to buy bullion directly from the mint if the coins are meant as a gift for a loved one, as they are beautifully packaged.
However, if you are buying a large number of coins, this high premium could eat into your potential returns. It is also worth noting that The Royal Mint does not buy back bullion. Therefore, you will need to find a dedicated dealer to buy your bullion when the time comes to cash in on your investment.
When it comes to where to buy gold coins in the UK, you may not have realised that you can actually buy them at the post office. Not every local post office will stock gold bullion, but there are some that do. You can find a list of bullion stockists here. The Post Office has a partnership with The Royal Mint that facilitates this service. Thus, you can choose from a wide range of collectible coins and some bullion minted by The Royal Mint.
Buying bullion at the post office has very similar drawbacks to sourcing them directly from the mint. Firstly, you are limited to British coins that are produced in the mint, and you won’t be able to purchase world-renowned coins like Canadian Maple Leaf coins or South African Krugerrand coins. Additionally, you may be faced with high premiums, as post offices generally sell bullion coins as gifts. Therefore, their pricing isn’t ideal for investors who wish to purchase large amounts.
Read more: How to buy gold from Post office?
Dedicated Gold Bullion Dealers
You might be wondering where to buy Kruggerand gold coins if you can’t get them from The Royal Mint, Post Office or from private sellers on online marketplaces. We recommend only sourcing bullion from a dedicated gold dealer for best results. By working with a dedicated dealer, you are guaranteed premium quality, authentic bullion at competitive price points. There are many advantages to working directly with a dedicated dealer, and security is just one of them.
Here at GoldCore, we have operated within the precious metal sphere for almost 20 years. We have more than 14,400 clients in over 130 countries worldwide. Our world-class trading platform is one of the most sophisticated and secure in the industry, and we handle thousands of transactions monthly. We also manage and store over $130 million in assets for our clients. With GoldCore, you can rest assured that you’re in good hands.
But where can I buy gold coins? We offer our clients an extensive range of bullion from all over the world. We currently offer the following:
We offer the utmost privacy and convenience to our clients. You can browse our selection at your leisure, whilst keeping an eye on gold spot prices using our on-page live feed. You can take delivery of your gold, or you can choose to store it with us in our highly secure vaults. In addition, we offer buy-back services to our clients. We buy back all bullion sold and stored in our facilities, and we have additional processes in place to buy gold stored in clients’ personal vaults.
Where to Buy Gold Coins? GoldCore, of Course
Buying gold bullion with GoldCore couldn’t be easier. You can set up a trading account and manage your investments from the comfort of your own home. Simply visit the “open account” page on our secure site and follow the on-screen instructions.
Need assistance? We understand that investing in gold bullion for the first time can be overwhelming. Our experts are on hand to help though. Simply schedule your free strategy call with our team or call our office on: Ireland +(01) 653 3426, UK +44203 0869200, US +1 888 381 8130. We are ready to answer any questions you may have, or to help you in any way we can. We look forward to hearing from you.
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