How to Buy Gold Coins From the UK
Investing in gold provides an investor with a means of diversifying her portfolio and providing a hedge against inflation. One of the first decisions that a new gold investor must make is determining what form of gold to invest in. Some forms of gold, such as jewelry, may have sentimental value but do not provide the same level of liquidity as more standardized forms of gold. Many investors prefer investing in gold coins because prices for most coins are readily available and such coins provide a tangible and liquid investment. The United Kingdom is home to numerous reputable gold coin dealers that can help you purchase gold coins.
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Instructions
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1
Determine the spot price for the particular coins you want to buy. The spot price is the price for the coin that you will find quoted in the newspapers or on financial websites such as Kitco. See resources for a direct link to current gold spot prices.
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2
Identify the dealer from whom you will purchase the coins. The British Numismatic Trade Association's website lists all of the coin dealers in the United Kingdom (see resources).
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Check with the coin dealer of your choice in order to determine the "premium over spot" that you will have to pay to purchase particular styles of coins from that dealer. The "premium over spot" represents the markup over the "spot value" that you will pay to purchase a particular coin from a dealer.
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Fill out the coin dealer's order forms, either online or in hard copy format, and send your order forms and payment to the coin dealer.
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Wait to receive your coins from the dealer. Most reputable coin dealers offer a fully-insured mail order service that will facilitate the delivery of your coins.
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Tips & Warnings
An individual who is just beginning to invest in gold coins may want to start by purchasing South African Krugerrands. These are the most common gold coins on earth and generally are the least expensive gold coins available.
As with any investment, make sure to do your homework before investing in gold coins. It is particularly important to make sure that you are dealing with a reputable coin dealer.
