What’s the best place to buy Gold Coins? Can you trust online dealers?

Metal Ounce Gram
Gold £1299.889 £41.792
Silver £17.689 £0.569
Platinum £771.397 £24.801
Palladium £1532.595 £49.274
Updated 07:18 22/10/21
Time Zone: UTC
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What’s the best place to buy Gold Coins? Can you trust online dealers?

Are you planning to buy gold coins, but wondering where you should buy them from? Read this post until the end. In this post, we will come to know about some best places to buy gold coins and also discuss if online dealers are trustworthy. So without any further delay, let’s get started!

Places to Buy Gold Coins

In most cases, gold coins are bought from two places: online or from a local gold dealer. There are some other places as well such as eBay, coin shows, bank, etc.

Physical Store

A lot of people prefer to buy gold coins online as it is comparatively cheaper, even after charging the shipping cost. The overhead at a physical store is a bit higher than an online marketplace.

Check out some pros and cons of both options.

Pros

You can take immediate possession over your gold coins.
There is no insurance or shipping fee included.
You get privacy.

Cons
Premiums are bit higher for purchase and might be small when you sell.
Choices might be limited.
May have less liquidity.

One of the major reasons why people prefer to buy at a local shop is they can make a quick buy and sale. Moreover, since they form some relationship with the dealer, they can try negotiating on price.

Online Dealers
Buying from an online seller comes with one risk; you pay upfront and then trust what the dealer delivers—however, this not the issue when you buy gold coins from a reputable online dealer.

The one significant benefit of an online dealer is that they can be somehow cheaper than a local store, even after shipping and insurance cost. Furthermore, you can see the product and price displayed on the website. Online gold dealers that don’t show price is not necessarily bad, but sometimes that means they want you to call so that they can sell you the gold coins at a higher price.

At RPS Gold, we are transparent about our pricing. We have listed all gold coins at our website along with their prices.

Pros of Online Gold Coin Dealer

You can order for gold coin online and lock in the price at your convenience.
You avoid talking to a salesperson.
Total cost is likely lower.
You get a lot of options.

Cons
You need to trust the dealer to deliver a precise product.
Wire and credit card fee is extra.
Product is shipped once payment is clear.

Can You Trust Online Gold Dealer?

Buying gold coin online is exceptionally safe and worth as long as you’re buying it from a trustworthy dealer. As we mentioned above, buying gold coin online is cheaper; you can go for this option without any hesitation. However, you should look for a reputable gold dealer only. At RPS Gold, we sell gold coins both online and physically. We deal in sovereign coin, maple coin and Krugerrand coin as well. To know about pricing, call us at +44(0) 20 8574 2450 or visit our website.