September 14th, 2009 — Bullion, Coin Collecting, Gold
When it comes to finding a money collectible that immediately has a sense of value, it’s hard to come close to a gold nugget. For centuries, gold fever has been inspired by the talk of immense gold nuggets and to this day you can actually still find them in mines, streams and even buried in the ground. If you prefer to forego all the work that goes into finding gold nuggets, the good news is that you can simply buy them. But before you hand over your hard earned money, there are a few things that you should know.
First, if you come across a gold nugget that is truly immense, but the price seems to be too low, the deal is most likely too good to be true. The price of gold is well over $800 an ounce as of this writing, and most nuggets will weigh a good deal more than that. Always be wary of a seller that is offering a great deal on a gold nugget, since it may not be authentic.
Next, it’s important to determine whether or not the gold nugget is actually iron pyrite, or fool’s gold. This material looks very similar to gold and has been fooling people for many years. If you can’t see the gold nugget in person, demand a certificate of appraisal from the seller, or a gemology report on it. Most reputable sellers will not mind supplying you with this information and in fact, when you are dealing with someone that you can trust, more often that not they will supply this information without being asked.
If you do see a big chunk of rock on an auction site, where the seller is promising that contains real gold, it is best to forego purchasing that item. It is all too easy to claim a piece of rock has gold in it and there is no real way for the average collector to verify this sort of object. It is best to simply walk away rather than buy something that may actually just be a simple rock.
Online auction sites have made it easy for anyone to get their very own gold nugget, but they have also made it incredibly easy to be defrauded. Always take the time to authenticate a seller, and their claims, before you buy your own nugget. It does take more time, and there may be a lot of hassle involved. However, when you consider what a gold nugget may be worth, this is definitely time and money well spent. An appraisal that costs less than $50 on a gold nugget that could be worth may times that is just a smart decision.
Always listen to your gut instincts when shopping for a gold nugget online. Take the time to do your homework and request additional verification from the seller about the authenticity of the gold nugget before you actually do buy it. This can save you quite a lot of heartache, not to mention money.
Originally posted 2008-09-02 14:00:01. Republished by Blog Post Promoter
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September 12th, 2009 — Coin Collecting, Gold Coins, US Coins
Before you decide to purchase gold coins, there are a few things that you need to know to avoid being taken advantage of. While most dealers are honest, it is vital to take these steps to ensure you are dealing with authentic gold coins. At the current price per ounce, it only makes sense to make sure you are getting real gold, and that you can trust the person you are buying from. Here are a few things to keep in mind before you decide to buy.
1. The Overall Price
This is a big factor when purchasing gold coins. If the price is too low, you should be immediately suspicious. Remember, if it’s too good to be true, it probably is. Likewise, if the price seems too high, you should research the current price per ounce to make sure that you are not paying over the market value. Speculation is rampant in the coin industry, especially when you are dealing with gold. Always make sure that you are getting a fair price before putting down your hard earned money.
2. Certification
Is the dealer willing to provide you with a certificate to prove that the gold coins are actually real? This is a very important step in authenticating your coins. After you purchase them, there is not much you can do if it turns out that they are fake. An honest seller will provide you with more than enough proof to put your mind at ease. Remember, always authenticate gold coins before you buy them. Otherwise, you will have learned a very expensive lesson.
3. Shipping
It is vital to make sure that your gold coins will be shipped securely. Find out how the seller plans to pack and ship your coins before making a purchase. The package should be completely secure and should be insured for the value of the coins. Most sellers prefer to use services such as UPS, FedEx and other carriers that are not the US Postal Service. This is due to the ability to track a package, add insurance and to ensure that the package reaches you safely. If you see a seller shipping gold coins any other way, be on guard.
4. Feedback from other buyer
This is perhaps your best judge as to whether or not you are dealing with a good seller. If they have verifiable feedback from happy customers, then you should be able to make your purchase safely. Do a little due diligence on their feedback to make sure that they were made by real people. You cannot be too careful when purchasing gold coins, especially online. If the seller will not allow you to check up on their feedback, you may want to find someone else.
Purchasing gold coins is a great investment, but only if you take the necessary steps to protect yourself. Always do your homework and learn all that you can about a seller before you decide to purchase your new gold coins.
Originally posted 2008-08-26 05:00:58. Republished by Blog Post Promoter
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