If you are thinking about investing in gold, such as by buying gold coins, you are probably making a smart decision for your future. More and more people are getting into doing this these days, and it can be a nice investment that can also be a lot of fun to be involved in. Plus, it's always smart to diversify your investments and gold buying is probably completely different from any other type of investment or savings that you might be doing right now. However, despite all of the benefits, you'll want to ensure that you purchase gold coins that you'll be able to sell later, so keep these things in mind when buying to help make future selling easier. Then, you won't have to worry about being stuck with gold coins that you'd rather sell for a profit.
1. Buy North American Coins
You may have heard of people purchasing gold coins from all over the world. If the coin is made out of gold, it is worth something. However, many investors and collectors find that it is best to invest in North American coins rather than coins from other places. This is because they are more easily recognizable to the average consumer and can, therefore, be easier to sell.
2. Avoid Rare Coins
It might seem exciting to purchase rare coins while you are collecting gold. There are a few problems with this, however. First of all, you may pay a premium just because the coins are rare, even though they might not technically be more value in relation to their weight and gold content. Secondly, it can be harder to examine and ensure the authenticity of rare coins, and it can be harder to find knowledgeable experts who know about them. Plus, when you get ready to sell your coins, you want coins that are easily recognizable; otherwise, your average buyer might be nervous about taking a chance on a coin that he or she has never seen before.
3. Test It for Authenticity
The last thing that you want to do is spend your hard-earned cash and investing in fake gold. This means that you should always check coins for authenticity, no matter how real they look. You can use the "magnet test," since real gold is non-magnetic, and any coin that sticks to a magnet is fake. You can also help protect yourself by only buying gold coins from authorized, trustworthy dealers (such as those from Coins Plus).