Gold Coins
.
Many people prefer to buy gold in form of coins as they can be bought in lower denominations. Here are 6 key things you must keep in mind when buying gold coins.
.
Purity of gold.
The purity of gold is measured using fineness and karat. Gold purity is measured using karat and the purest form of gold is 24 Karat. Gold purity is determined by its fineness and this can be defined as how precious the metal is in proportion to its total weight.
.
Options to buy from.
There are numerous sources from where you can buy your gold coins, these include banks, online e-tailers, and certain non-banking financial companies. When buying gold make sure you buy from a reputable source and this will avoid any future issues regarding your gold.
.
Packaging.
When buying gold ensure that they are packaged in tamper-proof packaging. This type of packaging guards the gold against damage, fraud, and counterfeiting. Tamper-proof packaging ensures that the gold coins are credible and their purity is retained.
.
Hallmarking.
It is important to check if the gold is hallmarked as this ensures that when people are buying gold they are not cheated. Gold coins are certified by stamping them and this indicates the level of purity of the gold. Hallmarking is done for gold items including artifacts and jewelry that are higher than 14 karats.
.
Ease of selling.
Before you buy gold coins, it is important to know how easy they will be to sell. Factors to consider are: does it have a wide buyer pool, is it recognizable? Buying coins that meet these factors will make it easier to sell should you decide to let go of your precious metal.
.
Denominations.
Gold coins in the market range from 0.5 to 50 grams in weight. Popular sizes include 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz. The availability of the denomination that you want depends on the coin and the amount you wish to spend.
.
If you enjoyed this post, go here now to enter your e-mail and get your free Gold Buying Facts .pdf.