Are you thinking of buying gold as an investment? The idea that gold is an excellent financial asset has been around for centuries. There are many ways to invest in gold today — and even exchange it for coins if you want in a coin store like the Goldcoast Coin Exchange.
Purchasing gold coins is one way to invest in this metal, as they are much cheaper than bars of the same weight. Furthermore, there are many different coin exchange services available so let’s consider what you need to know about them before committing your money.
Advisory! Prior to diving into this review, we’d like to stress that at Investors Circle, our mission is to protect your wealth. We know that our research reports may alter your investment decisions, so we want to be 100% sure you are investing your hard earned money with the right company!
With this in mind, we urge you to check out our list of the top five companies in this space (we found 1 that fits 99% of investors needs)
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See if Gold Coin Exchange made our list this year, or continue with this review below to see if they are possibly the right company for your investment needs.
What Is a Gold Coin Exchange?
Gold coin exchanges allow you to trade your gold coins or estate jewelry for cash. They are similar to pawn shops and gold buyers but are a respected family business. There are many different coin exchange services available so let’s consider what you need to know about them before committing your money.
A dealer will often buy gold coins or estate jewelry based on the current price of gold. They may offer to buy your cash at a price slightly above the spot, depending on how much they estimate the key date coins are worth. The amount of pure gold in single coins determines how much it costs. Therefore, if you have a $1,000 face-value coin that is 90% gold, it’s worth a top dollar of $900.
Why Invest in Gold Coins?
Gold has served as a store for value for thousands of years. Many investors alike consider it a safe investment, especially during economic instability. Moreover, many life members choose to invest in gold coins to diversify their investments. The value of stocks and bonds can fluctuate, but gold is a more reliable investment.
Things to Know Before Buying Goldcoast Coins
Before you invest in Goldcoast coins, you should know a few things about them:
Weight: Since the value of coins in southern California is based on the weight of the gold, check the weight of each of the coins you buy — especially if you are buying from the first coin store that can offer foreign exchange and appraisal services.
Purity: The purity of gold coins varies, so be sure to know what purity the coins you buy from the family business in the Los Angeles area.
Price: Ensure you get a good deal from their vast inventory before buying. The cost of the coin should be lower than the melting price.
History: The price of the coin varies with the supply and demand in the market. Check the price history of the coin you want to buy to ensure it’s trending upwards.
Reputable Goldcoast Coin Exchange Family Business
Be careful when investing in Goldcoast coins. There are many scam exchange services out there. Some even have locations in southern California location! Good, legitimate services often have helpful information about their business on their website. They’ll also have a policy outlining how they buy and sell coins.
Before choosing a service, make sure that you check out its reputation online. You can check for reviews on their website — and you can also check online forums to see what other customers have to say about them. Good, reputable services often offer the following:
- A quick and easy way to buy and sell coins
- A fair price
- A secure service — so you can be sure that your coins are safe
Final Words: Is Investing in Goldcoast Coins a Good Idea?
When investing, you can choose many different types of assets, including complete estates from the largest selections of single coins. You can put your money into stocks or bonds, commodities like gold or silver, or even real estate.
With any of these assets, the goal is to make money from the Goldcoast Coin Exchange business — although some are riskier than others. As far as investing in gold goes, it’s a tried-and-true method of growing your wealth over time.
About Tim Schmidt
Tim Schmidt is an Entrepreneur who has covered retirement investing since 2012. He's also a published author, and his views on investing have been featured in USA Today, Tech Times, The Huffington Post, Nasdaq, and many more.
