Collecting valuable items like gold can be exciting, but it is critical to be informed before you make any significant purchases. It’s important to know what is authentic, and also how to maintain your collection. Consider the following when purchasing gold coins and bullion for your investment portfolio.
Where to Buy Gold
Most cities have local shops you can visit that buy and sell gold. Additionally, there are a wide range of gold shows and conventions that happen all year round. These provide great opportunities to shop many dealers at once to compare offerings. Mail ordering gold through publications is also a popular choice.
Extensive research can protect you from scams and fraudulent sellers. Consider asking the seller for the melt value if you are buying coins. This information is readily available, so you can check as well. When choosing a dealer to buy from, enter the dealer’s name in a search engine to find out more about its reputation with past customers. It is also important to obtain a certificate of authenticity from the seller.
Storing and Maintaining Your Collection
If you are handling gold without its case, hold it by its edges and keep a soft cloth beneath, in case it is dropped. It is not recommended to clean gold bullion or coins, since most cleaning materials can be corrosive. Waterproof, hard-plastic holders are the best options for coins. You can then store your gold coins and bullion in safety deposit boxes at banks, in a fireproof home safe, or in a third-party gold depository. Lastly, consider insuring your collection through a specialized agent.
Are you interested in buying or selling gold? If so, visit Coins of the Realm, the trusted gold dealer of Gaithersburg, MD. We consistently provide competitive pricing and professional service to make your experience great. Call us at (301) 340-1640, or visit us for more information.