How to buy gold coins
A gold coin buying guide
Although gold coins have been around for thousands of years, they continue to intrigue shoppers. Whether purchased for their beauty, unique designs or value, the best gold coin to buy is the one that appeals the most to you. Most types of gold coins are only minted in small numbers, which makes them an even larger draw to shoppers. Created especially for historic events and even for famous individuals, gold coins are extremely popular with a wide range of people. While various collectible types of gold coins usually sell out fast, it is best take time to consider your options before you make a purchase. Compare gold coin sizes, shapes and designs to help determine which gold coin to buy.
>> What types of gold coins are available?
Before you can decide how to buy gold coins, you need to know what types are available for purchase. For the most part, they fall into three main categories: rare, collectible and mint condition. All three of these types of gold coins are attractive to buyers. Some people know exactly which gold coin sizes they need, while others choose to make a decision after comparing different kinds.
Rare gold coins may not be widely available, but they are highly prized. You can locate a list of gold coins minted during certain decades in order to find rare coins. Many 24kt gold coins are a bit heavier and more solid than newer types, but they are both made using the same steps. Rare gold coin dimensions run the gamut, mainly because it is hard to find coins that come from all around the globe.
Collector's edition gold coins can include memorabilia-inspired collections, such as Steeler coins or Double Eagle gold coins. For most buyers, it is the gold coin designs that make collectibles appealing. Collectible gold coins, such as sports coins, available at a sports fan shop, are often packaged in decorative display boxes and even come with a paper that certifies both mint date and value. Gold coins minted for collectors are very limited in number. In fact, these coins are often pre-ordered months and even years before the first coin is struck.
Mint condition gold coins have not been scratched, nicked or otherwise defaced. Both rare and collectible gold coins can be in mint condition. Almost all minted coins are perfect, but there are some exceptions to this rule. Generally, the best gold coins in mint condition will be sold new and in the original packaging. Knowing all of these details will help you navigate which gold coin to buy.
>> Will you buy your gold coins in sets or individually?
When determining how to buy gold coins, it is important to consider specifically how many you want to purchase at a time. For example, collectible Nascar coins can come individually or in a set of multiple coins. There are many reasons to buy gold coins in sets as well as individually, but ultimately you will need to assess your needs.
As you shop for gold coins, buying them individually will allow you to have more gold coin sizes in your personal collection. For some shoppers, having a collection with various gold coin dimensions is critical. At the same time, buying individual types of gold coins might mean that it will take you longer to build your collection. Purchasing individual gold coins is a safe bet for those who truly enjoy comparing minute details. The best gold coin to buy might be the one with those delicate details.
Some types of gold coins can be purchased in sets. Gold mint medals commemorating sporting events like the Olympics are usually sold in sets. Gold coin sets help you build your collection faster. Although buying gold coin sets usually leads to a larger collection in a shorter period of time, you may end up having several copies of the same coin. However, this is a great option for buyers interested in retaining gold coins in mint condition.
>> Consider why you want gold coins
You do not need to know how to buy gold coins in order to fully appreciate their beauty. However, having clear goals will help you to wade through an endless selection of gold coin dimensions, sizes and shapes. The most important gold coin buying tips include considering what you really want from the beginning and should help you settle on the best gold coin to buy.
Sometimes gold coins are framed and used as wall decor. Such coins can be found in wall art fan shops and are quite popular. Other gold coins are purchased for their visual appeal alone. You may buy different types of gold coins to decorate your home. Consider adorning walls, mantles and foyers with beautiful gold coins. While collectors generally like to keep their gold coins tucked away inside of boxes and books, using gold coins for decoration is also an option.
The act of buying gold coins can be very enjoyable, but the potential of adding both value and variety to your collection is also a draw. Collections that grow over time and include different types of gold coins can be rewarding. The value of these collections will continue to increase as more pieces are added over time.
One of the most important reasons you should learn how to buy gold coins is to provide the perfect gift for a loved one. Understanding the key differences between gold coins is imperative if you are going to surprise a friend or relative with the gift of a gold coin. Use this buying guide to help you pick a gift that truly wows.