If you are looking to buy gold in the United States, you have numerous choices when it comes to where you purchase your gold. Local coin and bullion shops and online gold and silver dealers represent the two primary types of retailers at which you can buy gold, silver and other metals products. There are, however, some key differences between the two.
Local coin and bullion shops may carry various types of bullion bar and coin as well as numismatics and collectibles. Such shops may, however, carry smaller inventories and charge higher premiums compared to online dealers. This makes sense, after all, given the fact the brick and mortar coin shops tend to have higher operating costs compared to online dealers.
Online precious metals dealers tend to offer a much wider variety of bullion coins and bars, as well as numismatics and collectibles. Online coin and bullion dealers tend to have some of the lowest premiums available, as they may have lower overall operating costs.
If you are looking to buy gold in the U.S., you have access to many different types. Gold bars and coins in the U.S. come in all shapes and sizes, and with varying weights as well. A smaller investor or those on a tight budget, for example, may prefer to purchase a 1 gram gold bar while larger investors may prefer the standard 1 ounce weight.
If you are buying gold coins in the U.S., chances are good that you will see American Gold Eagle coins for sale. These gold coins are produced by the U.S. Mint, and are one of the world’s most popular gold bullion coins. One of the nicest things about American Gold Eagle coins is that they are available in numerous weights such as 1/10th ounce, ¼ ounce, ½ ounce and 1 ounce.
These iconic gold bullion coins feature the Augustus Saint-Gaudens designed image of Lady Liberty, and are considered good, legal tender with varying face values based on weight. This coin made its debut in 1986, and has been a top-seller ever since. All gold eagle coins are currently produced at the West Point facility of the U.S. Mint.
The U.S. Mint was created in April, 1792 through the passage of The Coinage Act. The act authorized the construction of a mint building located in Philadelphia, then the nation’s capital. This building also happened to be the first federal building constructed under the constitution.
The U.S. Mint, since its founding, has taken great price in paying tribute to this great nation in coins. Owning a U.S. Mint coin or medal is not only a good investment, but a way to connect to the founding principles of the nation and the roots of its economy.
The U.S. Mint is the country’s only manufacturer of legal tender coinage and is in charge of circulation coin production. In addition, the mint also produces numerous proof coins, medals and commemorative coins.