Buying Gold Coins Online From Online Auctions the Safe Way

December 9, 2010 · Posted in Buying Krugerrand Coins · Comment 

Buying Gold Coins Online From Online Auctions the Safe Way

The days of hopping from store to store rummaging for a rare coin to adorn your collection are over, today most collectors would just simply look online at the comfort of their own home, with thousands of deals from all over the globe, it is not hard to find that coin that you wanted and probably secure a great bargain for it too. Collectors are able to compare multiple deals eto see where to find the item that fetch most attractive price.

There are two major avenues to find coins for sale, through online coin stores or online auction websites like ebay or Overstock. Online auctions resembles departmental stores where multiple sellers exhibit their wares at one place, where buyers can compare multiple items through a simple interface, ask the sellers some specific question before making the purchase. However, as with any purchase, being cautious when buying online could reduce the possibility of being cheated and therefore protect your investment.

Firstly read more about the coin to be purchased first, there are many important facts about a coin that can help you to identify a counterfeit or scam. Many scammers often neglect minor details, for example if you see Silver Krugerrand for sale in the market, it is definitely counterfeit as the South African Mint has confirmed that there is never an issue of Silver Krugerrand. When buying a coin, it is a good idea to get a feel of the market first, look at the same coin or something similar from different sellers, form an expectation on how much that you might have to pay for the coin so that you would not bid or spend more than your budget. It is also imperative that you read the item description carefully before placing a bid or purchasing, as later misunderstanding could be unpleasant to sort out and might even hurt your reputation as a buyer, confirm with the seller about the condition of the coin, what charges are excluded (packaging, shipping), as well as payment conditions. And whenever in doubt, spend a couple of minutes to send a question or email to the seller to further clarity. Ensure that the seller can deliver to your address and that you have the means to make payment, as certain sellers do not accept cheques or bank ins, rather only take payment in the form of Paypal credits or credit cards. Though this restriction in payment method might sound very inconvenient, it can work to your advantage as Paypal and credit cards often have buyer insurance that can be redeemed upon item damage or undelivered items.

There are also some additional features in auction sites that will make your buying experience even more secure. Sites like ebay adopt a seller feedback rating system that allows past buyers of this seller to give a comment based on their buying experience with this seller, this offers you a great platform to do your due diligence to check whether this is a genuine seller, generally a seller should have a positive feedback rating of more than 95% and has sold similar item in the past. By using the internet, any collectors or individuals looking to invest in gold coins can easily organize an impressive gold coin collection in a shorter time, less effort and probably even at a lower budget.

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Shadowdawn has been collecting coins and stamps ever since "inheriting" a coin album. Visit her website and online store at http://www.buybullions.co.uk for further information.

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All About the Canadian Maple Leaf Gold Coin

November 19, 2010 · Posted in Buying Krugerrand Coins · Comment 

About Canadian Maple Leaf Gold Coins:

Made from gold mined completely from locations in Canada, the Canadian Maple Leaf Gold Coin is composed of twenty four karat gold. Unlike American Eagles or South African Krugerrands which are 91.67% (or 22 karat) pure gold with the remainder coming from copper or silver to form a more durable alloy, Maple Leaves are 99.99% completely pure. They are known as the most pure bullion coin that exists.

Since they are made of twenty four carat gold, Maple Leaves certainly don't have the durability of Eagles or Krugerrands. Gold of this level of purity has almost never been used as a regular currency in circulation for the simple fact that it will get damaged and worn out over time or even quickly. But even though they are officially minted legal tender coins in Canada, Maple Leaves are not circulated coins and are meant to be owned by collectors or investors. You can't stroll into a McDonalds in Canada and order a Big Mac with a Maple Leaf coin, regardless of its legal tender status. Since Maple Leaf gold coins are primarily collector`s items and investments, perhaps the lower degree of durability is a non-issue.

Maple Leaf coins are one of the most sought-after bullion coins in many markets because they are known to be "pure" bullion. Certain people become a bit less interested when they learn that a different coin is less pure than twenty four carats. I guess certain individuals just like the thought of possessing pure bullion. And perhaps some people want the option of melting down their gold to increase liquidity in times of emergency. In addition to that, some people probably misunderstand what "impure" means in relation to coins of lower karatage, and assume that they are composed of less gold than twenty four karat coins with the same denomination (ie. 1 ounce). But the fact of the matter s that a 1-oz. Maple Leaf and a 1-oz. Krugerrand have exactly the same amount of gold inside them. The other metals in the alloy are not included in the listed weight, only the gold portion is calculated. These are all causes of the huge popularity of the Canadian Maple Leaf Gold Coin.

One more reason that the Maple Leaf is so popular is its gorgeous imagery. The simple but memorable appearance of the maple leaf (which also appears on the Canadian flag) immediately strikes the viewer and elicits images of Canada's majestic natural wonders and abundant natural resources. The reverse side of the coin shows a bust of Queen Elizabeth II, indicating the former status of Canada as a settlement of Britain and now a Commonwealth nation. The imagery is almost the same as the images on the Canadian 1 cent coin a coin which depicts the a maple's leaf on the obverse and the Queen on the reverse.

The Canadian Maple Leaf Gold Coin can be bought in these denominations: 1 Troy Ounce, 1/2 troy oz, a quarter troy ounce, one tenth of a troy ounce, 1/20 Troy Oz.. A collection of Silver Maple Leaves is also available, which are pure bullion just like their gold brethren.

The Canadian Maple Gold Coin makes either a gorgeous treasure to enjoy, or an intelligent investment for the future. For those people who plant to take good care of their collections and make an effort to keep their coins in good condition, the twenty four carat Canadian Maple Leaf Gold Coin makes a great item in your collection.

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Bob Ethan -
About the Author:

Bob Ethan is a gold investor owning all varieties of gold bullion coins. His personal favorite is the Canadian Maple Leaf Gold Coin.

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