At Golden Peaks, we sell a variety of gold and silver bullion coins. Bullion coins are not legal tender. Rather, they are coins that are valued by weight in a specific precious metal – most commonly gold and silver.
This makes them a great investment if you want to own gold or silver bullion. But given the high value of bullion coins, it’s important to keep a few things in mind when you buy or sell them.
1. Explore The Reputation Of The Dealer, Buyer, Or Seller
First, make sure to do some research on the buyer, seller, or dealer involved in the transaction. Bullion coin transactions can easily involve thousands of dollars, so make sure the other party has a solid reputation and is legitimate.
2. Understand The Value Of Your Coins
The prices of gold, silver, platinum, and other precious metals fluctuate daily. Make sure to check the latest price updates before buying or selling gold or silver bullion coins.
3. Know The Fees That May Be Involved
Typical retail fees for buying and selling gold bullion may be up to 5-6%. However, this may vary depending on the weight, quality, and type of bullion coins.
4. Realize All Investments Come With Risks
Silver and gold bullion are not guaranteed to appreciate in value. Like all investments, gold and silver can fluctuate in price due to market forces. Make sure you understand this before buying or selling bullion.
5. Protect Against Identity Theft
Bullion coin buyers and sellers are often targeted by identity thieves. Make sure you never give out information like credit card numbers, Social Security numbers, bank account numbers, or other private details to people over the phone, or to anyone who you do not know.
Come To Golden Peaks To Buy Or Sell Bullion Coins!
At Golden Peaks, we’re a leading buyer and seller of silver and gold bullion coins in Denver. If you need a new bullion coin dealer in the area, we’re the best choice. We have a reputation for honesty and transparency and provide industry-leading rates for gold and silver bullion coins.
So to get started, just stop by our store in Denver at 8966 W. Bowles Ave Unit N, Littleton, CO 80123. Got questions or need more information? Feel free to contact us online or give us a call at (720) 696-6750.
