Sell Gold For Cash
Turn Your Old Gold Into Cash!

Purchase Gold Coins

When buying gold bullion, you need to look for or choose a dealer that's well established. There are some gold sellers or mints who have outstanding feedback records proceeding way back. Therefore seek to select one that has a excellent reputation.

When you buy gold bullion bars, bear in mind what's the reason for purchasing it. Some people buy them with regard to their collection and some buy them, keep it for a specified time then when gold costs rise, sell it. This second group will be the real investors.

Lots of people around the globe have an interest in acquiring them. Nonetheless, if you do not understand what you are doing you might lose out. As much as possible, you need to find out about investing in gold ahead of doing it.

A gold purchase can certainly produce great profits, but only when you are careful and understand what you are doing. You have to be careful and shrewd in doing this kind of business. Gold bullion bars certainly are a exceptional type of investment.

Prior to going into this type of business, you have to understand how to buy. You will need to be watchful and also have some commitment for this kind of investment. Even though everybody knows exactly what gold is, investing in it is another matter.

When choosing gold bullion bars, you need to know where to buy and also the latest value. There are plenty of internet sites where you can find sellers from all around the world which list real-time costs.

For those who have no idea where you should purchase gold bullion bars, you can search on the web but make sure the dealer of gold on the net have a reputable image and are reliable. It's very tough to acquire gold coming from sellers you don't know.

There are plenty of gold dealers around these days, but if you wish to be safe when choosing gold bullion bars, you can purchase it in auctions, national mints, as well as jewellers that have a good reputation.

Frequently Asked Questions

  1. QUESTION:
    Gold coins ICICI Bank - Purchase information?
    I am planning to purchase GOLD coins from ICICI Bank, who have given enough details online on their website - Investment section.
    I wanted to know how convenient it would be to purchase Gold coins from ICICI than going to gold merchants.
    Any information would be helpful.

    • ANSWER:
      Gold Coins from icici bank is good investment option now a days.
      coz
      ICICI bank gold is 24 carat and 99.99% pure & they imports gold from switzerland.
      ICICI bank gold is available in 2.5 g, 5 g, 8 g, 20 g and 50g weight
      The price of icici bank gold is based on the market rate of gold as on that day.
      I think ICICI bank is the one of the best option to purchase Gold coins, Gold loans also good for gold investments.
      so go for it.

  2. QUESTION:
    Can someone recommend some websites to purchase gold coins?

    • ANSWER:
      www.ebay.com

  3. QUESTION:
    In chennai I wish to purchase gold coins or jewellery on loan basis.?
    Who are all providing this facility and whether nationalised banks are providing this type of loans and what will be the terms and conditions. PL. somebody guide me with much worthier way.

    • ANSWER:
      You buy Gold and get get Gold Loan of about 75% of value from nationalised banks like State Bank of Hyderabad.

  4. QUESTION:
    Gold Coins where can i purchase?
    I live in Atlanta area. I want to know where can I purchase certified gold coins from? Is there a such thing as US Govt certified gold? And where Can i find it? Thank you.

    • ANSWER:
      If you want US Government issued (certified) gold, you want American Eagle or the new indian head 24k gold coins.

      www.usmint.gov

      You can purchase bullion grades of these coins from a local coin dealer, you will have to provide ID and fill out paperwork for buying/selling more than ,000 in bullion in one transaction.

      You will end up paying roughly above the gold spot value, dont be alarmed this is a standard practice and is about more than the coin dealer paid the US mint for the coin (+/- the change in gold spot price)

      you can also look at places like www.kitco.com but I think that kitco keeps your gold with them and you virtually own the right to it or something, I could be wrong though... youll have to look into it.

  5. QUESTION:
    I don't play WoW. But my bf does and I want to purchase him gold coins on there. Is that possible?
    I don't have a WoW account or character. But he does and I want to do something nice for him so I figured I'll buy him some gold for his character. Well, can I even do that?
    If so, how could I go about doing that without having to actually download and buy this game?

    • ANSWER:
      I agree with Noxater. Buying WoW gold is against the terms and conditons of the game; everything in the game belongs to them so you are not allowed to sell or buy it for real money, because it's not yours to sell. If you try to do this for him, you might get him hacked, or even permanently banned.

      If you want to get him something WoW-related, try the official Blizzard store for tshirts, hats, keychains, books and similar things, or go to any game shop for a card that gives him extra play time, or search ebay for trading cards which can unlock special things ingame. Good luck!

  6. QUESTION:
    Where to purchase gold and silver coins?
    I would like to buy some gold and silver coins to use as barter in the case of economic collapse. (US) If the collapse never happens, which I pray it doesn't, I wound just pass them on to my children. Can anyone recommend a reputable seller of these coins? And also one that will sell me the amount I want to buy and not the amount they want to sell?
    Thanks!

    • ANSWER:
      I've been trading silver through Apmex for several years. They give the current quote and mark it up a little. And they deliver right to your front door.

      http://apmex.com/

      I gave away 5 oz bars/coins of silver at Christmas two years ago to family members, and last Christmas they were almost double the price. The gift that keeps on giving.

      Oh, another good site:
      http://www.kitco.com/

      You instinctively already know that holding a paper ETF is not the same as holding physical gold. Until the Flash Crash a couple of weeks ago, nobody realized that ETF's could freeze up and lock you out of trading or redeeming the underlying. If one of the reasons you're buying gold is to protect against a crash in the system, then that very reason may be why you're left holding the bag (paper ETF instead of physical gold) in the event of a crash.

      Read this article how GLD/SLV ETF's may not be redeemable:
      http://www.gamingthemarket.com/financial-armageddon-zombies.html

  7. QUESTION:
    Where can I purchase Double Eagle Gold Coins at discount price?
    I am a coin collector and I was wondering where can I buy some double eagle gold coins at discount price, such as St. Gaudens Double Eagle Coin, Liberty Head Gold Double Eagle and the latest 2009 Ultra High Relief Double Eagle Gold Coin?

    Thanks!

    • ANSWER:
      I purchased a St. Gaudens Double Eagle Gold Coins at great price at a website called http://www.DoubleEagleCoin.net

      It also has some other kind of double eagle coins, you may go to check it out.

  8. QUESTION:
    Who would you go to purchase gold bullion & bullion coins at the cheapest price?
    I believe that the U.S. dollar will lose value to the Euro. Thus, I am seriously thing of buying gold/silver/platinum bullion as well as bullion gold coins (NOT collectible gold coins) as a hedge. Therefore, I am looking at which U.S. gold supplier (e.g. Goldline International, Lear Financial, et. al.) offers the BEST deals.

    • ANSWER:
      I'm sure there's more, but here are a couple coin and bullion sites I've been looking at recently (no actual experience yet, but they seem fairly low-cost, plus they purportedly will buy coins from you at spot prices, thus saving you the hassle of having to go to a coin dealer and possibly getting hosed).

      http://www.onlygold.com/
      http://www.ajpm.com/htbin/gold.cgi
      http://www.nwtmintbullion.com/index.php

      Be careful, though, because no dealer has any obligation to buy your coins back, at any price. Remember, they are in it to make money, and they do that by buying coins at reduced price, then selling at marked up price, then buying back at reduced prices, etc. etc.

      Even if gold goes up to, say, a thousand dollars an ounce or more, dealers may just close their "buy" windows for a while until prices cool off a bit. That's what happened back in '80 or '81, when gold shot up to about 850 US dollars an ounce. You only had a matter of weeks or actually just days to unload gold at those high prices, but even then, not every dealer was in a hurry to buy from you at those prices. So, just remember "caveat emptor" - let the buyer beware.

      BTW, unless you're an expert, you're right to steer clear of the collectible-type coins, they are a waste of money from an investment standpoint, though some of the 20-dollar St. Gaudens as well as the recessed Indian Head golds are certainly beautiful to look at, so you might want to own a few just to impress your friends.

      One more thing: even with bullion coins, make sure you get extremely clean and scratch-free coins (this is especially true of Canadian Maple Leaves, which are pure fine gold (.9999 purity) and can scratch easily). Many dealers will use any little scratch as an excuse to knock the buy-back price down 10 or 20 bucks a coin. They often times won't tell you that, though, when they go to sell you that very same coin.... How convenient!

      The gold-based ETF's are a good and convenient (read: LIQUID) way to play gold, as are select mining shares and metals funds. Too many to name here, so I guess I'll save that for another thread. LOL

      *Note about your stuff getting stolen or lost: store your precious metals in a safe deposit box and you will gain at least a certain amount of peace of mind as to their safety.

      Good night, and good luck. Col. Kurtz.

  9. QUESTION:
    Where can I purchase the gold presidential dollar coins that are just coming out? ?
    I haven't seen them anywhere yet. I just completed the state quarters. Now I want to get a folder and start collecting the gold dollar coins.

    • ANSWER:
      Note that they don't say that they are made of gold.

      Grandpa

  10. QUESTION:
    Where is the Best Place to Purchase Gold and Silver Coins Online?
    Please keep in mind both price and purity.

    • ANSWER:
      www.usmint.gov
      www.monex.com
      www.bulliondirect.com
      www/bullion.nwtmint.com

  11. QUESTION:
    Why buy gold coins rather than gold jewelry?
    Why should I purchase gold coins rather than buy gold jewelry? Is one generally worth more than the other? Is one valued more than the other? List pros and cons please! Thanks!

    • ANSWER:
      Coins have these major advantages:
      Weight and fineness are always a known quantity. That makes coins much easier to buy and sell. Numismatic (collector) value is a bonus.
      Gold jewelry is harder to evaluate. In buying gold jewelry, you are paying for workmanship, and you are unlikely to get that back when selling (Cash4gold.com and similar outfits give you nothing for workmanship or precious stones that may be part of the piece).

  12. QUESTION:
    How do I purchase physical gold?
    Gold dealers tell me that you cannot purchase gold coins from the US
    Treasury (except for proof coins).
    The Treasury website says different.
    Can someone enlighten me on this, please?

    • ANSWER:
      You can purchase the gold eagle coins in either the PROOF or the UNCIRCULATED version directly from the U.S. Mint.
      Both versions are available in the online catalog section.

      Only the 2008 1/4 and 1/10 ounce PROOF sizes are still available from the mint.
      All of the 2008 Uncirculated sizes are still available from the mint.

  13. QUESTION:
    How do you go about purchasing gold coins?
    The treasury website offers 1oz gold coins for sale.
    Gold dealers tell me that the treasury sells only something called "proof" coins which are more expensive.
    Can anyone help with this confusion?
    Jim Crow. What the heel are you talking about?

    • ANSWER:
      It depends a bit on why you are buying gold coins. Proof coins are more expensive because they are intended as collectibles. The regular "business strike" coins are intended primarily as bullion.
      If you are buying bullion and don't care about the collectible aspect, most coin dealers will sell you Krugerrands, Canadian Maple Leafs, or US Eagles, all of which contain one Troy ounce of gold and sell for slightly more than the gold spot price.
      Here is one major bullion dealer's current price list, to give you an idea of what is available and at what price:
      https://online.kitco.com/bullion/completelist.html

  14. QUESTION:
    I need to purchase gold coin in Chennai, pls advise me?
    Hi I am planning to purchase pure 24 ct certified gold coin in Chennai, can any suggest which is the best seller and also pls tell me whether it is the right time to buy gold or shall I wait for sometimes for the prices to fall?

    • ANSWER:
      mmm i think this is right time to buy gold coin as stocks r going up bit so the gold rates will come down if u wish u can wait. u can buy the coins in any banks or jewellery shops like lalitha, fathima, GRT etc.

  15. QUESTION:
    Better to purchase a full ounce gold coin or a number of smaller sizes to equal one ounce?
    I'm thinking of purchasing between one and two ounces of gold as a hedge against inflation. I've noticed that there seems to be a small premium placed on the 1/20, 1/10, 1/2, etc sizes of coins as opposed to the full ounce coins (talking Gold Maple Leafs in this example). Are all of the weights different sizes? Or are they just less pure and the same size? Also, is there any real reason to buy the smaller sizes if you can afford the full ounce?

    • ANSWER:
      Joe:

      If you are buying strictly as a hedge, you will
      pay less premium for the 1 oz coins, as you
      already know.

      The coins are of the same purity, and vary
      in size, by weight. The higher premium is
      simply a way for the dealers to make more
      money.

      Were you interested in having gold coins
      for barter or exchange, having smaller coins
      would be more flexible.

      To maximize your potential, stay with 1 oz.

      Smart purchase!

  16. QUESTION:
    Are £5 gold coins 22ct gold like the gold sovereign?
    Are £5 gold coins the same carat gold as gold sovereigns? I know british gold sovereigns are 22 ct and full sovereigns weigh 8grams, but i want to purchase a £5 gold coin and they weigh 39grams, so i was wondering if they would be around the same price as gold krugerrands, even though the kruger is 1oz and made of 24ct gold.
    Please explain why.

    • ANSWER:
      Specs for gold £5 coin...

      Diameter, Sovereign Type 36.02 mm.
      Diameter, Crown Type 38.61 mm.
      Weight, Grams 39.94
      Alloy (Carats) 22
      Fineness (millesimal) 916.6
      Actual Gold Content (Grams) 36.6117
      Actual Gold Content (Troy Ounces) 1.1771

      http://www.taxfreegold.co.uk/fivepoundsinfo.html

  17. QUESTION:
    How do you buy gold and / or gold coins?
    Hello,

    I am very interested in investing in natural resources, specifically gold. However, I do not know how to go about purchasing gold and / or gold coins. Everything I come across seems like a scam and I can't seem to decipher what is real and what is fraudulent.

    Can someone please tell me how I can buy gold coins?

    Thank you!

    • ANSWER:
      FOR ONE, go to websites that sell gold products Kitco.com
      Ampex.com Monex.com etc. You do need a credit card.

      make an account ( usually free) and place an order.

      physical gold is sold in bars and coins and each product has a certain concentration of gold for instance 1oz or 1 gram ( or more).

      Wait of your stuff to arrive.

      These days, its much harder to have someone to buy from. All the gold dealers have gone into hiding it seems. Cant blame them.

  18. QUESTION:
    Gold Coins ICICI Bank or other source?
    I have done little research on internet about gold coins supplier.
    There is lots of option to purchase gold coins, But i think ICICI Bank is more trusted source to purchase Gold Coins but i need more information on it or anybody have personal exp on gold coins of ICICI like customer service, what is the procedure etc.

    • ANSWER:
      Purchasing 24 Carat ICICI Gold Coins is quiet easy. You can buy it online through ICICI Bank's website. On its website you will find option "Investment" click on this then click on "ICICI Bank Pure Gold" here you will see many different options now to purchase gold you have to click on "Buy Gold Online" and fill up the form.

      If you find this process lengthy or confusing then directly go to below URL and buy ICICI gold coins

      https://infinity.icicibank.co.in/BANKAWAY?Action.RetUser.Init.001=Y&AppSignonBankId=ICI&AppType=corporate&abrdPrf=N

      hope this info is helpful to you .....

  19. QUESTION:
    In purchasing gold coins like the American Eagles, what coin company is the most reputable?

    • ANSWER:
      Direct from the US Mint - about as reputable as you can get.

  20. QUESTION:
    where can I purchase mass antique gold coins?

    • ANSWER:
      The answer to your question can be further understood by asking "who would have a large inventory of antique gold coins?" Central banks is NOT one of the answers. In fact, most banks don't hold gold and those that do will hold bullion, certificates for stored bullion or contracts for bullion.
      The numismatic or 'antique' coins as you called them are best find by private dealers that specialize in buying from large estates and other collections. You would do well to search around locally for numismatic dealers or dealers that buy and sell estate collections. Check with any local reputable estate dealer and they should be able to give you a few recommendations of people to contact.
      Best,
      E

  21. QUESTION:
    Can I bring 3 gold coins into India without attracting import duty?
    I recently purchased 3 gold coins for my in-laws..the jeweller that sold them said that I could take them to India without attracting any import duty, but somehow I don't trust a sellers words :) .. I am in USA and am planning a trip to India in the next couple of weeks.

    Thanks for your help.

    • ANSWER:
      Up to my knowledge, you can bring 500grams of gold, in a financial year, if you are a NRI.

  22. QUESTION:
    Does anyone know of any good trusted sites to buy gold coins or gold bars?
    I am currently looking to invest in gold. I am looking for a trusted site that I can purchase the gold from. I recently found a site that sells gold for cheap, but am a little wary of purchasing from them. And would like to know if anyone had purchased gold recently or in the past and has a site that they would recommend and that they trust.

    Thanks in advance.

    • ANSWER:
      www.usmint.gov
      www.monex.com
      www.bulliondirect.com
      www.bullion.nwtmint.com

  23. QUESTION:
    Why don't the banks buy back the gold coins they sell?
    When u go to the banks to purchase gold they fall over each other to attract u. But in times of need when u approach them to sell the gold u bought from them, they point blank refuse to buy the same back, although the cold coins or ingots are in their original so called 'tamper proof' packing.

    • ANSWER:
      One should never buy physical gold from bank or ornaments for INVESTMENT purpose. You can buy it if you like the pleasure of owning gold.

      To invest in gold always use ETF.

      Here are the important reasons

      1.Banks sell gold coins at a premium of 10-20 percent over the gold rate at that time. This premium is taken for giving the guaranty of purity.

      But they will not buy it back, because they do not want to pay you that 10-20 percent premium. So you are forced to sell it elsewhere and lose the premium amount.

      So if you buy gold worth 11500 from a bank. The next day if you sell it to some other source you will get only 10000 rupees.
      2.In case of Gold ETF, if you hold it for more than 1 year it is considered as a long term capital. Any profit you get from selling it will be taxed at 20 percent. But in case of gold bar or coin, you need to hold it for 3 years for it to be considered as a long term asset. If you sell it before that time then you have to pay a income tax at 30 percent on the profit.
      3.But the tax problem does not end here. After 3 year’s you need to pay a wealth tax on gold bar or coin at the rate of 1 percent every year which is not needed in case of gold ETF.
      4.Finally, gold can get stolen. Bank locker or insurance can cost you a tidy sum.

      So in short if you invest in gold then invest in gold ETF not in gold coin or bar.

      One more point here is that gold is a good asset for times of crisis. In good times it is better to invest in share market. You will get far more retuns from it.

      you can check out the investment strategy given in this page.
      http://www.invest-in-shares-in-9minute.com
      This strategy tells about how common investors can invest based on their own judgment spending just 10 minutes a day and get 40 percent annual returns consistently

  24. QUESTION:
    i have purchased gold coins from corporation bank do theysell according rates every day?

    • ANSWER:
      Ask the bank.

      Do you have possession of the coins? If you do, then you need not sell them to the bank. Gold prices vary constantly:

      http://www.kitco.com/market/

      Grandpa

  25. QUESTION:
    What is the best gold coin to purchase?
    Which country's coin, size, value?

    • ANSWER:
      Here's my favorite:

      coin face diameter thickness:
      1 Troy Oz .00 32.7mm
      purity:
      2.946mm .9999
      Price:
      5.05

      www.nwtmintbullion.com/gold_americanindianhead.php

      Enjoy.

  26. QUESTION:
    Gold coins in Saudi Arabia?
    Hi i have been in Saudi Arabia for a while and wanted to know if anyone knows where i can purchase gold coins from? As an investment and for collection. Thanx

    • ANSWER:
      well go to any jewelry store...especially those in Balad (historical district downtown) just go to the Gold Souk and you'll see an array of shops with gold displayed in bulk in the front window go in and ask for the coins...if you're looking for specific coins for collecting purposes you have to specifically ask for it...they usually ask what type of coins and editions and stuff and if they do not have them they'll either refer you to a "friend" in a close by store or ask you for your contact info so they could look around and locate something for you (they have a pretty good network of saudi collectors across the kingdom...some willing to trade)
      note: i don't know of one single collector that would rather buy from alamoudi or rajhi exchange...please, we all know that the best source of vintage old coins is the social network.

  27. QUESTION:
    What's the best way to purchase Gold & other precious metals?
    Specifically, if you're looking to invest in Gold, and want possession of the actual coins or bricks upon purchase (instead of just receiving a certifcate of ownership)

    • ANSWER:
      Any large bank will offer you a range of services to buy gold, the usual routes are gold coins or even krugerands. Just walk into your local Citi or Bank of America, and ask to talk to someone about placing an order.

      Taking physical posession is a relatively expensive way to get exposure to gold. You will have to pay a margin to which ever company you get the coins from, a fee to the bank, plus safe storage costs. There's nothing to stop you keeping your gold at home, but no insurance company will pay a claim if you are broken into.

      If you want to invest in gold I'd suggest you consider the streetTRACKS Gold Shares Exchange Traded Fund instead (symbol: GLD). It gives you pure exposure to the price of gold, and is much cheaper and quicker to buy (you order through a stockbroker, just like a regular stock).

  28. QUESTION:
    How do you know a gold coin is athentic?
    I am interested in purchasing gold coins. However, how do you know (without destroying the coin) if it is just gold plated with lead inside, or it's just a good fake Chinese imitation.

    • ANSWER:
      Buy from an established dealer, or have it appraised before paying.

  29. QUESTION:
    question about buying gold coins?
    I am interested in purchasing gold coins or even 1ounce pieces. How much commision do I pay when I buy and also when I sell? I also realize that the day after I buy some gold that the price will start dropping!!

    • ANSWER:
      Hi.

      The buying cost is usually a slight amount higher that the resell price. I take it you mean you wanna buy shares of gold coins? This would be a fairly secure investment to make, but one I wouldn't advise right now with the gold price at all time highs recently. If you want to make any return, you will need to keep an eye on the price on a daily basis to take advantage of any sudden drops cause by demand etc.

      Also, it's not something you buy and sell the next day. Because the price fluctuates a lot, the whole idea would be to buy when it's lower than usual, and then only sell when the price has increased by quite a bit.

  30. QUESTION:
    If I want to purchase gold coin in the U.S., where do I buy them?

    • ANSWER:
      Any coin dealer sells coins. Also try ebay.

  31. QUESTION:
    How can I get more gold coins and smurfberries from smurfs' village?
    I have searched for best ways to get more gold coins and smurfberries. I do not want to purchase them. I've tried to change the date and time but caught by the app itself and warned me that my smurfs will leave if I over worked them. I would like to know other strategies aside from leveling up.

    • ANSWER:
      you can only earn money by changing time with the old versions, but you cant get free smurfburries unless you jailbarck you device (I assume iphone of iPad). But make sure if you jailbrak it you will loose the warranty of the device :( .

  32. QUESTION:
    Sister is setting up a family trust. I need to purchase a gold coin. What is the history of that requirement?

    • ANSWER:
      A trust must contain some form of asset in order to be valid. A gold coin is generally chosen as the asset to establish a family trust because it does not produce income, it simply appreciates in value and complies with the rules of tax attribution.

      So it's partly for simplicity, and partly because of tradition.

  33. QUESTION:
    What is the easiest and least expensive way to purchase a half-ounce gold american eagle coin?
    I heard that the price of gold is expected to skyrocket in the near future. I would love to make an investment in it, but I have only a limited amount of cash right now. I have researched a few sites on the internet but most of them either charge large premiums or sell in packages. What is the easiest and least expensive way to purchase a half-ounce gold american eagle coin?

    • ANSWER:
      I would instead look at buying US commemorative gold on ebay instead. They are about a quarter ounce, so buy two. I have seen many sales of commemoratives lately from 1987 and 1988 selling for bullion prices. You could check out half eagles there as well.

      I would say you should always use a credit card with any online transactions involving bullion. I buy with Paypal charging my credit card. Too many scary stories of fraudulent sellers out there to trust anything else.

  34. QUESTION:
    Where to Sell 24k Gold Coins???
    I want to purchase some 24k Gold Coins, i want to know that where to Sell them after Price Hike.
    Is investing Money in Gold is Good?
    From where to purchase pure Gold coins in low Prices?
    Which one is more good, invest in Gold or Fixed Deposit money in Bank.

    • ANSWER:
      There are virtually no 24k gold coins. They would be too soft and wear out quickly. Most major gold coins are .900 fine or .917 fine (22k). However, when you buy a Krugerrand, Canadian Maple leaf or American Eagle coin, while they are .900 fine, they still have exactly 1 ounce of actual gold contents.

      Is investing in gold good.? I am a gold investor and right now I am selling some of it, because I believe it has reached a bubble about to burst.

      Where to buy? Check the eBay auctions (literally thousands of gold and silver coins are available every day) and you will get some of the best prices there without paying the sometimes obscene dealer mark-up.

      Is gold better than a fixed deposit at a bank? Only time will tell. In a fixed bank deposit will will now earn virtually nothing, but you will still have all your money a year from now, while gold may be dow 20% from where it is today.

  35. QUESTION:
    buy and then sell gold coins from TV?
    i saw tv commercials saying that you can purchase a 1 oz gold coin with a purity of .9999 for only 30 bucks. my questions is this... can you purchase this coin from them and then sell it on ebay for the price of 21 since this is the real price of gold.

    thanks

    • ANSWER:
      The 'coin' you are referring to isn't a coin and is only gold plated. As you can see from the advertisement linked below, it contains 31 mg (that is MILLIGRAMS, Folks!) of gold. That is almost exactly .001 troy ounces of gold, with a gold value of US[FAQ-ANSWER].14 - That's right, 14 cents. Good luck making money trying to sell it.

      http://www.asseenontvvideo.com/512053/50-Dollar-Buffalo-Gold-Coin.html

  36. QUESTION:
    Where can I buy physical gold and/or silver in San Francisco Bay Area?
    I live in the bay and want to purchase gold/silver coins from a reputable company. I do not want to purchase online - I'd prefer to make the transaction in person. Any references?

    • ANSWER:
      Buying silver for spot price or dealer mark up is for suckers. There is a genius way to get your hands on silver by paying coin face-value. You can get your silver half dollars for 50 cents each on your own rather than buying them for 17 dollars each. I have been doing this for the past three years and it is how I am paying my tuition. Check out my blog http://findpreciousmetals.blogspot.com/

      The best part about this is anyone, anywhere can do it. It is not limited to any city.

  37. QUESTION:
    Where can I purchase FIFA Ultimate Team coins for PS3?
    After spending money on gold packs I figured it would be cheaper if I just purchase coins and bid on individual players myself. Where can I purchase FIFA 11 coins and how much should I expect to pay?

    I figure around for every 5000 coins would be reasonable? So around for 100,000 coins?

    • ANSWER:

  38. QUESTION:
    I am looking to invest in Gold. Anyone recommend a good website to purchase from? Coins or Bullion?

    • ANSWER:
      Here are some links to buy physical precious metals online.

  39. QUESTION:
    I need to know more about the benefits & risks of gold ETF?
    I purchase gold coins as a part of my savings. I have an idea to buy gold ETFs instead of this.But i don't know the procedure of buying it. Also i am not aware of the Advantages & disadvantages of it. Please tell me the details & some best gold ETF in India .Is it safe to choose this option ? ..

    • ANSWER:
      Buying physical gold is expensive because of the huge fees and commissions per ounce for both buying and selling, plus the risk that the gold will be lost or stolen.

      If you just want to speculate on the price of gold, buy GLD traded on the New York stock exchange and available through any reasonable sized share broker that can clear US investments.

  40. QUESTION:
    What is best way to purchase a 1 ounce gold coin?
    Maybe South Africa Krugerand, American Eagle, Canadian Maple Leaf

    • ANSWER:
      The best way is to buy it with money.

  41. QUESTION:
    Wash Sales Rules for Gold Coins?
    Hi All,

    Can somebody help me understand wash sales rules for Gold Coins. If I sell a 1 oz American Buffalo coin and immediately purchase a 1 oz Canadian Maple Leaf coin, do wash sales rules apply? It is still 1 oz of 24 ct gold, but is a different physical coin.

    • ANSWER:
      indispensable commodity

  42. QUESTION:
    Can anyone provide me with a link to mintages of European gold coins such as gold 20 franc Roosters ?
    I have found that purchasing these coins with a small premium over melt value that these I have found to be very lucritive. Usually you can sell them at a minimum of 00.00, in other words they want 00.00 worth at the time if you sell. French 20 francs gold content is .1867 .900 fine. Approximately 1/5 oz pure gold. There's French 20 francs, Swiss 20 francs. And the thing is that these coins cannot be confiscated by the U.S. government and they don't have to be reported. At 611.00 an oz for gold these coins can be bought for around 125.00-140.00 per coin. My advice is to buy as many as you can. mjp31774.....good luck.

    • ANSWER:
      Here you go...
      http://www.beastcoins.com/World/France/France.htm

      That is true about World Coins they are a great investment. As we get to be a more global community the price will go up but for now they are a bargain.

      Good Luck.

      Do you have a website?

  43. QUESTION:
    Where can a person purchase gold bullion?
    Now is as good time as ever to invest in gold with the dollar value going down. However, I would like to purchase it in the physical sense and keep it in my own personal vault.

    Does anyone know any reputable places to buy gold bullion or authentic gold coins online for investment purposes, then have it shipped to your doorstep?

    I am against buying it and owning a virtual "share" of gold. If the economy were to ever collapse, I doubt the Gold would be mailed out to my doorstep. So my goal is to get real gold that I can store.

    That's what many of the top richest people in the world are doing, and I think I should too.

    Any ideas?

    If someone has a reference that states it is illegal for US citizens to own gold, please share.

    Where would be a good place to buy gold coins? I've got a hefty amount to invest (over ,000) in Gold or Silver.

    I'm looking for the best bang for my buck and I figure "collector" sites may be pricey simply because the items are for collectors. I'm looking buy for the material, not for nostalgia or collector value.

    Any suggestions?

    • ANSWER:
      I don't think it is illegal for a US person to buy and hold gold. However, do you really want a chest full of gold coins under your bed? What would the cleaning lady think!

      Better bet, buy a gold ETF instead. Streettracks has an ETF (Ticker: GLD) that pretty much correlates to the price of gold.

  44. QUESTION:
    Are the " offset " error Washington & Adams gold dollar coins real errors or are they " man-made fakes " ?
    I am not a coin collector although I have recently purchased a total of 4 Morgan Silver Dollars on e-bay. Despite the fact that I have spent just a total of $ 50. for these 4 coins; I have been advised to stop purchasing any more coins on ebay. I have followed this advise but recently I observed quite a number of coins being offered on e-bay indicating that these coins ( from the Philadelphia mint ) are 2007 gold dollar " offset " error Washington & Adams coins ? Many people are bidding for these coins starting @ $ 19.95 bidding up to $ 39.95 buy it now price. I was just wondering whether these are real " error " coins or were they more possibly intentional " man-made errors " by unscrupulous sellers ? If they are real...are they considered to be collectible ?? If so, what are they valued at ?? Lastly.....in as much as my current circumstances dictate that I can't visit a coin dealer......Are there any good reputable internet sites to purchase coins from other than US Mint ?

    • ANSWER:
      I will say this about advertisers in Coin World and Numismatic News... do not buy coins from the multi-page advertisers unless they are US Mint products in the original packaging (proof sets, etc.). And I agree you should not buy coins on ebay as a novice collector. I have read far too many sad stories about collectors who started out buying coins on ebay only to find out many $$$ later that they overpaid horribly. But if you paid for 4 Morgan silver dollars, and they are authentic (not reproductions), you did all right.

      All mail-order dealers who advertise in those two papers will offer a return policy if you're not satisfied, but there are many advertisers who will sell overpriced junk and hope the buyer is so uninformed that he doesn't know enough to return it for a refund.

      It's difficult to recommend specific dealers, not knowing what type of coins you're interested in.

      You'll be OK buying coins from the US Mint, and they sure have plenty of different things to sell. But I would urge you not to do so in the hopes of making a profit. It's great if it works out that way, but in my experience people who get into coins hoping to make money do not succeed.

      You might consider joining the American Numismatic Association http://www.money.org and take advantage of their huge library, where you can borrow books through the mail for the cost of postage only. They also offer (at a cost) courses you can take to help you increase your knowledge. There may even be a coin club in your area that you could join (and the ANA would have listings), which would most likely put you in touch with people who could help you get going with collecting while avoiding the pitfalls.

      One more recommendation, which you can do easily, would be to start reading the message board at the PCGS site http://forums.collectors.com/categories.cfm?catid=26 , and also use the search feature to go through older messages. There is much knowledge to be had there, and they are friendly to new collectors with questions.

  45. QUESTION:
    Where can i buy Australian gold coins?
    I'd like to invest my money in some nice golden australian coins. Do you know from where i can purchase ones?

    • ANSWER:
      Laura, i suggest you this site
      Good luck.

  46. QUESTION:
    Anyone purchase the Obama gold layered coin?
    Ironic how it's 24K layer which means, of course, the inside is a non-precious metal. Figures. They're going for .95 with some of the proceeds going to care for the family-elect bitch (dog, I mean). Oh, and they will be "retired forever" in Jan 09.

    • ANSWER:
      Wouldn't ever want anything with him on it. I can't stomach him. Oh, by the way. Ayers has a new book. He will be on Diane Sawyer. He tells in detail in his book. That him and The Dictator are very good friends. What a worm. And The Dictator is a f***ing liar too.

      This has nothing to do with The Dictator. Look what our US Treasury is planning on doing though. this could be a very dangerous idea.
      http://www.foxnews.com/story/0,2933,451416,00.html

  47. QUESTION:
    Gold coins sold by banks in India ?
    If a gold coin is purchased a reputed bank in India, will jewelers buy it
    from you ?

    Where can one sell it?

    Thanks!

    • ANSWER:
      You can make use of the coin to make jewels through jewellers only by paying making charges. If you want to sell the coin for money, you can do it. Jewellers buy it. The price that it can fetch may differ depending upon the current price of gold, the fineness of the coin etc.,

      A. Rajagopalan

  48. QUESTION:
    What is the typical Bid/Ask price for gold and silver bullion coins?
    I called a dealer and he said that I pay over spot to purchase the gold, and that he will buy back gold for over spot. Does that sound like standard practice? And silver is .50 over spot to buy and [FAQ-QUESTION].50 to buy back. Todays prices were 1.oz Gold and .oz Silver and these were American Eagles.

    • ANSWER:
      A premium over spot price is standard practice in the Bullion Market. The amounts you describe are alittle high for gold but good for silver.
      Premiums depend on several factors:
      Supply & Demand
      Amount of bullion purchased
      Brand of Mint (Silver & Gold American eagle's versus a no-name Mint)
      Current Market Conditions(Hot/Cold)
      New bullion or Circulated

      You can get like 90% silver coins for as low as [FAQ-ANSWER].50 over spot.
      Gold American Eagles around .00 over spot. Silver Eagle's - over spot.

  49. QUESTION:
    Are American Eagle gold coins a good investment?
    What is a good percentage of your porfolio to put in precious metals? Where is the best place to purchase them?

    • ANSWER:
      First off you need to understand that gold is not an investment. Gold is and acts more like an insurance policy. You are insuring that something in your portfolio can never go to [FAQ-ANSWER].00. All paper assets have the ability to go to [FAQ-ANSWER].00. This is what you are insuring against. The only other asset to not go to zero is real estate. But real estate is illiquid. It takes too much time to sell real estate and in a credit contraction like today this is the case. The best way to own gold is to buy and take physical delivery of the gold itself. Silver is also in the gold realm as well, so when talking about gold, silver is included.

      It is always a good idea to own some gold and silver at all price levels. To truly understand gold and silver, and why you should own it you have to understand the economy and get the movie of life on the largest screen possible.

      Gold is money and a store of value. It is the "Currency of last resort" as Greenspan has stated many times through the years. Gold doesnt pay interest, dividends, doesnt restate earnings, has no lawyers, accountants, CEOs or CFOs lying to you on television. Gold doesnt ask for bailouts, doesnt go BK and cannot cook its books. Gold cant be debased or printed at the will of a company or governmetnt and holds its purchasing power.

      Gold sits there as a store of value, is labor intensive, and a one ounce coin will not split into a bunch of half ounce coins at the direction of the pin stripped bandits on Wall Street. Also Gold is the ONLY asset class in the last ten years to increase in value and retain every dollar of its purchasing power.

      Gold can be bought in many forms. Coins are the best. I personally like the US coins in both the Gold Eagles and the pre 1933 US gold peices. Gold Eagles are hard to find right now but pre 1933 gold pieces are avalible from PTG at www.allamericangold.com . This is the company I use and I like them and their radio show that airs every weekday.

      Once you have physical gold and silver then ETFs or stocks are fine but I strongly suggest in holding physical gold for long term value and storage.

      Cons to owning gold is it is subject to short term market manipulation by the Federal Reserve and bullion banks. This can cause the short term price to be pushed down as is being done today. This is why the paper price on gold verses the physical price is not he same today. Paper price today is about 20 an ounce but the physical price is ranging between 80 to 00 depending upon the product being bought.

      As for where to buy American Gold Eagles, the best place to obtain them is at American Gold Exchange. http://www.amergold.com/ When you factor the shipping and other costs American Gold has the best prices in the country that I have found.

      As to how much you should have that depends upon where you think the value of the dollar is going along with the stock, real estate, bond and cash markets. I personally have shifted away from paper asstets and have moved all new moneys into gold and silver. In addition to that Im buying physical Canadian currency to hedge against the dollar. I currently have about ,000 in physical gold, about ,000 in physical silver and about 00 in physical Canadian currency. Im putting alot into metals because I believe the dollar along with the stock markets are going much much lower. I believe we will have currency crisses so Im positioning for that event.

  50. QUESTION:
    What's the difference between the buying and selling price of gold ?
    Say I purchase ,000 in gold coins and the next day I return to sell it, assuming that the price hasn't changed, what can I expect to get for it ?
    I know it will be less---what I want to know is how much less. I'm guessing it will be about 8%, which seems like a lot to me. That would be 0.

    • ANSWER:


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