Where can I buy gold coins without paying a huge markup?
Tony asked:
I am looking to buy some gold coins to diversify my portfolio. All the online sites I see are charging at least a 15% markup from the gold price that is posted. Is there any place to get coins for less of a markup? I am looking at this from an investment point of view and not a coin collectors point of view. I really do not care about the coin itself, but would prefer US coins.
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I am looking to buy some gold coins to diversify my portfolio. All the online sites I see are charging at least a 15% markup from the gold price that is posted. Is there any place to get coins for less of a markup? I am looking at this from an investment point of view and not a coin collectors point of view. I really do not care about the coin itself, but would prefer US coins.
January 20th, 2010 at 12:54 pm
Open a discount brokerage account.
Buy GLD.
Voila - gold at no markup.
Just try to sell a coin - even at ebay.
You will never get half if what you paid for it.
Gold coins - easy to buy - hard to sell.
/ Judy
January 21st, 2010 at 5:29 am
You could try local coin dealers to see what type of mark up they have. Most carry bullion coins such as the American Eagle series. BD in NM
January 22nd, 2010 at 6:04 pm
I would stay away from gold coins and look at either buying shares of GDX or for a little more risk - GDXJ if you want to invest in gold. Artanis
January 24th, 2010 at 6:02 pm
apmex.com is a lot better then 15%. I have seen fractional down to 8$ over spot. Telly2Tone
January 27th, 2010 at 7:41 am
Go to Amazon, you can get anything what you want: Wireless