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How to Buy Gold - Where to Buy Gold

Updated on August 20, 2016
Austinstar profile image

L. Cargill, B.A., Sam Houston University, Huntsville, TX., has been writing cool and interesting articles for the internet world since 1995.

American Gold Eagle Coin

Numismatic dream coin, the American Liberty Gold Double Eagle
Numismatic dream coin, the American Liberty Gold Double Eagle | Source

Where do You Buy Gold

Collecting gold has become all the rage these days. It's fun, not as expensive as you may think, and gold retains its value pretty much forever!

Investing in gold futures stock is risky and you don't get to hold the coins in your hand. If you are rich enough, gold stocks may be a good plan. But for the common investor in gold or coin collector, stock has very little value. Gold and silver coins come in small denominations that are easy to afford.

Money comes in many forms and the best forms are the gold proof coins produced by the U. S. Mint. They are made of 22 karat pure American gold. Far from being ordinary money, they are a collector's dream to own and look at.

Canada and Mexico has some relatively inexpensive gold coins that may be bought and sold through coin collectors, coin dealers and even on eBay. Gold coins make great gifts for children and grandchildren and may become a tradition in the family.

American Gold Eagle Reverse

The reverse side of the American Golden Eagle Gold coin.
The reverse side of the American Golden Eagle Gold coin. | Source

How to buy Gold Coins

From the U. S. Mint:

"Production of United States Mint American Eagle Gold Proof and Uncirculated Coins has been temporarily suspended because of unprecedented demand for American Eagle Gold Bullion Coins. Currently, all available 22-karat gold blanks are being allocated to the American Eagle Gold Bullion Coin Program, as the United States Mint is required by Public Law 99-185 to produce these coins “in quantities sufficient to meet public demand . . . .”

The United States Mint will resume the American Eagle Gold Proof and Uncirculated Coin Programs once sufficient inventories of gold bullion blanks can be acquired to meet market demand for all three American Eagle Gold Coin products. Additionally, as a result of the recent numismatic product portfolio analysis, fractional sizes of American Eagle Gold Uncirculated Coins will no longer be produced.

As you can see, the Mint cannot keep up with the demand! So visit the Mint frequently and buy as much as you can when the gold is available. They run out of gold fast and silver is quickly sold out as well.

The 1913 Liberty Head Nickel

The 1913 Liberty Head Nickel, Not gold, but might as well be!
The 1913 Liberty Head Nickel, Not gold, but might as well be!

Buy this nickel for 3.8 Million Dollars!

Yes, that's right! Million with a capitol M! The 'Olsen' 1913 Liberty Head Nickel just sold for $3,737,500.00! This coin is famous. It was featured on an episode of Hawaii Five-O and is only one of 5 known specimens of this five cent piece.

People have been known to find gold coins dropped once upon a time out in the fields. A friend of mine found a $20 gold coin while visiting the site of a dam being built. The coin was just laying in the stirred up dirt. He sold it for several hundred dollars.

Gold coins are bought and sold on eBay and Amazon along with other collectible coins. There is no reason not to get started right now collecting valuable and rare coins!

More ways to buy and sell silver and gold:

When and How to Buy Gold

Have you ever visited the online web site for the U.S. Mint?

See results

© 2010 Lela

Comments

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  • Robert Sacchi profile image

    Robert Sacchi 

    2 years ago

    Back in the '80s the gold coins, not proof sets, use to cost more with a better buyback than ingots. Now the coins don't seem to have a buyback advantage.

  • Austinstar profile imageAUTHOR

    Lela 

    2 years ago from Somewhere near the center of Texas

    The proof sets have more aesthetic value I think. Who wants to look at a small gold bar that doesn't have any art work on it?

  • Robert Sacchi profile image

    Robert Sacchi 

    2 years ago

    It seems the proof set, or coins of numismatic value, are the way to go. The regular coins or ingots aren't particulary good investments.

  • Austinstar profile imageAUTHOR

    Lela 

    6 years ago from Somewhere near the center of Texas

    It is fun to look at our collections. I think that may be the very reason we collect things!

  • Peter Geekie profile image

    Peter Geekie 

    6 years ago from Sittingbourne

    Dear Austinstar

    Thank you for an interesting article. I do have a few UK sovereigns but mostly I have a modest investment in gold bullion bars. It may be very childish but occasionally you can look at them which is more satisfying than looking at banknotes.

    kind regards peter

  • RealHousewife profile image

    Kelly Umphenour 

    7 years ago from St. Louis, MO

    Well I'm waiting for everyone to come back from the snow cone shack - so I was hopping a few hubs. Now wait 'till Dave gets back and I ask him to buy me that nickel!

    Seriously - i wish I'd bought gold instead of mutual funds. It would have made a much better investment.:(

  • profile image

    scheng1 

    7 years ago

    If only I have three million dollars to buy that coin!

  • Austinstar profile imageAUTHOR

    Lela 

    7 years ago from Somewhere near the center of Texas

    Thanks! I do love gold :-)

  • profile image

    goldcoinguru 

    7 years ago

    Good advice

  • coinguide profile image

    coinguide 

    8 years ago

    hi..it's so nice nice to find people who share the same passion as you. I'm new in he world of coin collecting..nice hub by the way..

  • Austinstar profile imageAUTHOR

    Lela 

    8 years ago from Somewhere near the center of Texas

    I have also collected Silver coins from the US Mint which are almost as beautiful as gold. Coin collecting is really fun. What's you're favorite coin?

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