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      Wednesday, September 28, 2011

      Buying gold coins

        Gold coins have gone up a great deal in value in the last couple of years and since they are now so expensive, there are a few things you should watch for when buying gold coins. With the advent of the internet, you are not limited to the local coin dealer anymore for buying gold coins. This can give you the opportunity to get better prices on many coins, but also may introduce a few more things for you to think about when buying your gold coins. When you finally decide where to buy gold, whether you are buying from a bricks and mortar dealer or buying online through a website or an auction site like EBay, check the reliability of the dealer first. For a store, at least check with the local Better Business Bureau. If the dealer is a member of the Professional Numismatists Guild (PNG), that is a big plus. For an EBay auction, check the seller's feedback rating. If it's very low, or there are many negatives, think twice (and a third time) before spending a large sum with them. Even if the feedback seems good, look closer, some people will buy or sell a number of very inexpensive items to build up their ratings, then jump in selling big ticket items. On large ticket items, ask if the seller will agree to use Escrow.com. They act as a middleman in the transaction and the money doesn't pass to the seller until the buyer is satisfied with the item. There is a charge, which the buyer would be expected to pay, but it's well worth it when big money is changing hands.

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