Sunday, March 29, 2009

6 Tips to Buy Gold Coins Online Safely

Thanks to the internet, buying gold coins either as investment or collectible coins has never been easier. You can find great coin deals at KrugerrandGoldCoins.com with gold prices below what is offered at retail stores specializing in selling gold bullions and gold coins. If you save 5-10% at KrugerrandGoldCoins.com, it means you are getting one free gold coin with every 10 coins purchased. Talking about smart investing…

But you also want to have a pleasant and save experience with your online purchase. Read the tips below and you would never have to worry about your gold coin purchase again.
1. Always look at feedback number, higher number means more confidence in a seller. You can find this number after the seller name in parentheses.

2. Look at feedback positive % as well. Seller might have large feedback number (meaning a lot of items sold), but if feedback percentage is 67% - you might step into issues with seller. A good rule of thumb is feedback percentage should be 90% or higher.

3. Buy from Power Sellers. They are well established and care about their reputation and customers.

4. If you decided to buy not from Power Seller or a seller with feedback number higher than 200, you have to check latest items sold (are they related to gold coins?) and the length of his membership. Looking for a seller who has been around for a while.

5. Try to find gold coin auctions with “No reserve price”. In this case you know you do not have to bid up to “reasonable” price on the coin, and actually may land a very good deal on a gold coin.

6. Look through auction listing and find Return policy. You want to make sure seller gives you 7 to 10 day to evaluate coin and decide if the coin was advertised correctly. I had few times a bad experience with coins when seller advertised coin as MS-65, where it is really MS-60.

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