Are you witless on how to invest in gold bullion coins? Gold bullion is a very marketable patronage. Many people appreciate and invest in gold bullion coins because of its dignitary memoirs, beauty and price value. Aside from the American Gold Eagles and the South African Krugerrand, another popular bullion coin is circulating the world market and it is known as the Canadian Maple Leaf.
The Canadian Maple Leaf is the best-selling 24-karat gold bullion coin. It was introduced in 1979. Its purity is certain by the Canadian government and it serve as the official gold bullion coin of the North American nation. Investors and collectors are investing in these coins because it sell in smaller premiums than the fractional-ounce bullion. Besides, they are easy to count and to deliver. Often, they come in tubes of ten making it very convenient for store keeping. If you are interested to invest in the Canadian Maple Leaf, following are excellent tips:
Getting Started ? Be Familiar With The Design And Characteristics Of The Coin
The Royal Canadian Mint produces the Canadian Maple Leaf. It is a pure .9999 gold coin, without the excess alloys and metals. Compared to the South African Krugerrand, this coin partly orange in hue. The mint sells smaller gold coins at higher mark-ups. Just keep in mind this simple rule: the smaller the coin, the higher the mark-up.
Also, you ought to know the figures that makes up the coin like the diameter and the thickness. The one Troy Ounce has $50 face value. It measures 33 mm in diameter and 2.87 mm thickness. The 1/4 Troy Ounce, on the other hand, has $10 face value and a diameter of 20 mm. Its thickness is 1.79 mm.
Ask And Shop around
In view of the fact that, gold bullion is a lucrative investment, they are obtainable in most banks and local dealers. People can also buy them online and in mints. To be safe, always confirm your sources. Be certain that you are getting the right stuff. Beware of imitations and fake coins. If you have a friend or a relative who are into coin collecting, you can ask where they buy their items. Get information from them. Some people are accustomed to purchasing online. If you want to pick up your items online, be assured that you transact in legitimate websites. Do confirm if the site is a member of a trustworthy company. Read reviews and testimonials from previous clients. You can also compare price offers. Be wise. Know how much the coins are at the present market. The prices of gold change almost each day. If you can find a website that can update you with the daily prices, check if the prices offered to you by the dealer is at standard.
Know The Gold Lingo
If you really are into coin investing, be sure that you learn the gold language as well. Know the difference between the asking price and the spot price. Ask price is the amount offered by the dealer. The bid price on the other hand, is the amount of money the dealer pays for the bullion. Do not be left out. Discern how the people in this kind of business are playing their cards. Read and learn the gold market.
Truly, the Canadian Gold Maple Leaf bullion coin is a clever investment. is made up of 99.99 percent pure gold. Having that said, Royal Canadian Mint market the coin as the ?international symbol of purity?, as its purity is not like the average bullion. If you are interested in investing in this type of coin, behold the tips above. Note that you will never go wrong by being careful.
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Source: http://www.123designer-jewelry.com/gold/investing-in-canadian-maple-leaf-gold-bullion-coins/
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