The value of gold has skyrocketed as the dawning of the new millennium. As 2001, worldwide worries roughly inflation and the decreasing worth of the dollar have triggered an increase with the desire for valuable metals like gold bullion. (See Reference 1.) Backers who have invested from rare coins or possess a coin collection and are hoping to industry awake to owning bullion need to take any few steps to make the conversion some reality.

Difficulty: Moderately Challenging


Things You'll Need

Coins Professional Coin Grader Reputable Coin Dealer Computer Internet Link Finances with Bullion Purchase

Get the Coin Value Appraised

1 Find a trustworthy, professional coin appraiser by looking within the phone publication or going Web. Three reliable coin graders recommended from the "Funds" section of "USA Today" are Professional Coin Grading Service, Numismatic Guaranty Corp plus American Numismatic Association Certification Service. (See Reference 1 and Resources 2, 3, plus 4.)

3 Collect 3 top appraisers' professional opinions of your coins' numismatic value. Coin graders will base the value of your coins on traits prefer condition, mint indicate also date, according to the U.S. Treasury Department. (See Reference 3.)

Marketing Your Coins

2 Market your coins online if you execute not find a dealer who gives you the price you need on your coins. Websites prefer eBay also Overstock hold coin auctions that is allow individual coin collectors to market their coins in an effort to get retail value for it. (Observe Reference 4.)

3 Place an ad in newspapers, both local also national. Unlike selling your coins Web, you will include to spend to advertise from newspapers. Still, you might appeal to the attention of any coin collector who doesn't have Internet entry this way.

Buying Bullion

1 Choose whether you need to acquire bullion bars or bullion coins. Purchasing bars means you must go through an Internet retailer who will charge commission. Still, If live from a land other than the United States, some overseas banks sell bullion bars above the reverse. (See Resource 5.)

2 Visit the the U.S. Mint website to buy gold or silver bullion coins with no paying a commission. There are likewise online dealers who sell bullion coins from other countries, still a commission can be charged. (See Reference 2 also Resource 1.)

3 Choose how you want to store your bullion bars or coins. Most gold and silver investors store their gold in secure deposit boxes with deposits. If you don't trust banks, a home safe remains the best option.

Tips & Cautions

Test with the Better Business Office to make sure each and every coin dealer or online bullion dealer you function with doesn't have complaints lodged against them with bad business practices.


USA Today: Want to Invest in Gold? You Have Choices: John Waggoner: October 2010 Chicago Tribune: Test Gold Values Before Marketing Coins: Gail MarksJarvis? : October 2010 U.S. Department about the Treasury: FAQs: Coins website: How to Sell Coins


United States Mint Pro Coin Grading Support Numismatic Guaranty Organization American Numismatic Association Documentation Service

Photo Credit gold coin image through Greg Pickens from internet site ;

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Topic revision: r1 - 07 Sep 2011 - 14:48:26 - BoleslausConnolly
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