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How to Purchase Gold Coins

There are several businesses that sell gold coins, from coin shops to auctions to Internet stores. Before you purchase an expensive coin, you should learn as much as possible about that specific coin. You can find information in price guides or from other coin collectors (sometimes even from a coin dealer). Be prepared to spend a couple hundred dollars for a gold coin due to the high price of gold.

Things You'll Need

Price guide

Instructions

- 1
  Find a reliable shop, auction house or website to buy your gold coin. Coin shops should be considered reliable, as well as the vast majority of auctions. When you order coins online, though, take time to research the website from which you are going to order your coins.
- 2
  Find out the value of the coin you are looking to buy. The best way to do this is to look up the coin in a price guide. If you are going to buy a gold coin at an auction, decide first how much you are willing to spend.
- 3
  Negotiate the price if you are buying from a coin dealer. It is possible to get a price break, especially when you buy an expensive coin. If you are buying at an auction, be certain of the coin value to avoid overpaying.

Coin Collecting