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Personal Finance and Investing

ret5hd

(21,320 posts)

5. Go to a LOCAL coin dealer...

Reply to mitch96 (Reply #2)

Mon Oct 3, 2022, 11:31 AM

Oct 2022

larger the better, but local (not a chain like those “cash-for-gold” places. If you know any coin collectors ask them who is best. Stay away from jewelry places that might also sell gold.

Buy by the weight, don’t pay extra for a recent-issue coin. Ask what is the cheapest you can get an ounce for. Bullion is cheapest, but you might want to stay with government minted coins.

Been a few years since I bought any, but expect to pay $50 - $100/oz over spot price. You can look at spot price at kitco.com or 321gold.com.

If you got some spare change after buying gold, buy a bit of silver also.

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Anybody have experience buying gold bars (-1 oz) in Florida? I would like to do it Face2face.nt [View all] mitch96 Oct 2022 OP

Buy a good test kit, scale and carry a gun. multigraincracker Oct 2022 #1

"go to a reputable dealer"... that's what I'm looking for. Do you know of one in Florida?..nt mitch96 Oct 2022 #2

No, but I've found them in Ohio and Michigan. multigraincracker Oct 2022 #3

I would prefer bullion type coins over bars. multigraincracker Oct 2022 #4

Go to a LOCAL coin dealer... ret5hd Oct 2022 #5

Many pawn shops stock gold coins...Canadian Maple leafs... brush Oct 2022 #6

Only these. Sneederbunk Oct 2022 #7

Reputable dealer Turbineguy Oct 2022 #8

10-4 mitch96 Oct 2022 #9