Coin dealers in NZ can provide you with 1 gram coins that have been sourced from the best mints and refineries around the globe for numismatic and investment purposes. It is not as simple to buy gold, but it also depends on timing, buying from the best sources and purchasing the correct kind of gold. A reputable gold dealer is the best place to buy authentic coins.
You shouldn’t depend on the dealers’reputation, but rather do some research to get an idea of what you should be paying and which types of coins are available. You will have a different approach to evaluating your gold coin if you’re buying for investment purposes. The value of a gold 1 gram coin to a numismatist is likely higher, as they pay a premium not only for its face value but also for the mint year. Here are 5 important things to know about buying 1 gram gold coins from coin dealers.
1. Prices are a little higher than usual.
The value of a 1 gram coin is not just determined by the gold value, but also takes into account making and delivery fees. Gold bullion coin prices are a little higher than actual spot gold prices because they include the fabrication fees charged by sovereign governments or refineries. Gold bullion bars and coins from one gram up to one troy-ounce are sold at a 3-15 percent premium to the spot price. This premium will depend on whether you are buying 1/10, 1/4 or 1/2 ounces of gold, and how many coins you buy.
2. Bullion and collector’s gold coins
The value of a gold bullion coin fluctuates according to the gold price, whereas a “rare coin” or collectors’ gold coin has a higher value based on the historical supply and the market’s current demand.
In NZ , there are a few dealers who deal with rare coins that have been circulated. They charge a small premium over the bullion value. The coins will have a greater value if they are in perfect shape. The numismatic premium may exceed the melt value of thousands of dollars. This is a very regulated market, with high-quality rare coins that are accurately graded. To understand the value of a coin, you need to have a trained eye and a thorough understanding of its past.
You should always purchase a 1 gram gold coin from a reputable mint, such as the Krugerrand in South Africa, Australian Gold Kangaroo or Canadian Maple Leaf. Credit Suisse, Pamp Suisse or US Mint are reputed international mints.
3. Order Now
Now, the larger dealers in NZ offer home delivery of coins bought online. The coins will be shipped out within 10-14 days, but there could be delays if the mint has delivery issues. The coins are usually packaged in a discreet manner to ensure that no one can tell what is inside the box. This is done for privacy and security reasons. The 1 gram value of the gold coin is protected by an assay packaging that has been added to it by the mint. It is still important to keep the coin and package in a cool, dry place.
Make a wise purchase before you buy. Gold is an investment that will last a lifetime.
