If you were smart or lucky enough to be one of the few who heavily invested in gold before it jumped to over $1000 an ounce, you probably have quite an expensive collection by now! You may be wondering what you can do with all that gold.
Where can you find buyers? How can you sell it? As the price of gold changes, you have to make sure that you check the prices on various gold coins before you decide to sell.
You want to prevent a situation where you get ripped off just because you didn't check the prices that day.
The most popular gold coins will tend to stay more stable throughout the medium term, as gold manages to stay above $1000.
The collector coins, the ones with historic value, those are the higher end gold coins which are treated as investments as well as collector's items.
If you're looking to sell, don't use eBay! Why not? First of all, you won't be able to beat the prices.
Also, when you buy over the internet, there will always be a question as to the quality/authenticity of your purchase, because you cannot actually feel the item in your hands before you buy.
In other words, you could be buying something that is a lower % of gold than advertised and not know it until its too late.
You'll also have trouble going to a collector's shop.
These guys are notorious for offering you less than what your coins are worth.
Also, be wary of scams that ask you to mail them your gold jewelry! These are the places that ask you to mail them your cash jewelry in an envelope and that they'll mail you back a check! Um, no? While I'm tempted to say that anyone dumb enough to expect that to work deserves to lose their money, there may be some naive people out there who just don't know any better.
When dealing gold over the internet, be careful!