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Buying gold coins can be a very complicated task, even from the state about California. The coins come in quite a few dimensions, ages, loads and styles, characteristics that significantly affect the value. Then you must perform a little work previous to buying to make certain that you purchase the real gold coins that is you want at some price that is similar to the market rate. This includes educating yourself on not only the coins, but furthermore the dealers and safe storage choices accessible on your area.

Difficulty: Moderately Easy

Instructions

1 Gather info about the coins you intend to purchase. You need to know the difference between a Krugerrand (some 1 ounce South African coin) worth the current value of any ounce of gold and a California Gold Token that yous generally a gold-plated brass coin. It is uncomplicated to find info on the characteristics you need to appear for when purchasing a coin. Start together with the Numismatic Guaranty Corporation's Coin Encyclopedia.

2 Research and discover some respectable dealer. The Better Company Office provides some list of the gold dealers located in California also across the U.S. The NGC (see Resources) also offers a record about California gold coin dealers. However, unlike the BBB, NGC registered dealers are licensed in gold coin valuation to make certain that you receive coins valued at the price paid. Dealers certified through the BBB and the NGC are reduced likely to participate in fraudulent practices.

3 Check the coins before buying. Here's where you set all regarding that research to good operate. Look for the characteristics that authenticate the coin. Also look for defects that may devalue the coin. Using these defects, you can decide to either reject the coin or haggle for a lower price. Gold Bullion Silver Coins.

4 Find a harmless, dry place for your coins. Secures or deposit boxes are examples. Gold coins shouldn't be left outside with the open, especially the older coins, everywhere they can incur damage or get stolen.

5 Call your accountant. Depending on the sum of coins purchased, you may be eligible for a sales tax exemption for the coins. Most gold dealers will omit the sales tax while the coins are sold, except be prepared to contact your accountant if this doesn't happen.

Tips & Cautions

Take the research also inspection steps very seriously. There are several fraudulent transactions every day; the victims are usually those who did not do their homework prior to purchasing.

Resources

List about California's coin dealers Coin Encyclopedia

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