Buying and selling gold coins is a profitable business in almost every market worldwide. The price of gold continues to climb with every passing valuation and is always a smart investment vehicle. Coin collectors and gold dealers work with one another to fuel a highly competitive precious metals market.
Instructions
1. Look to buy older gold coins that have historic as well as precious metal value. Collector's coins from the turn of the twentieth century are a popular investment. The more rare a coin is, the more valuable it will become over time.
2. Buy bullion instead of coins with a lesser gold content. Bullion refers to coins and gold that are a pure alloy and typically not less than 99.9 percent pure gold. Pure gold and bullion is an investment vehicle and never meant for circulation.
3. Find gold Krugerrands from South Africa to invest in or sell. These coins only increase in value with time and turbulent financial times. Other nations, like Australia, produce coins with high gold content.
4. Understand the gold coin market and its terms and language. Gold coin dealers use what's called the "Grey Sheet" or the CDN to determine their prices for gold coins and the seller must refer to this document when selling off gold coins.
5. Use a reputable dealer of gold coins or deal directly with an investment bank to secure gold coins.
