When I’m asked if you can buy rare American coins, world gold coins, silver eagles, or bullion coins with a credit card, the simple answer is “yes”. But there are only certain dealers or venues that will accept your card. So, it is possible to buy coins with a charge card, if you shop at the places which accept them.
The entire physical bullion industry in London is regulated by ordinary property law in this way, and it has not suffered from some of the imaginative scams that have materialized elsewhere in the securities markets. This is – in part – why London remains the biggest and most trusted physical bullion market in the world. We buy all our gold through London dealers.
The Good Delivery Bar usually weighs 400 oz (this varies across markets) and has been continually stored in these accredited vaults since it was manufactured by an accredited refiner. Unlisted manufacturers, under-sized bars, and also previous private possession of full size bars deny the gold ‘good delivery’ status. This prevents professional buyers accepting them when you sell because of the integrity rules of the bullion market. The result is that for gold in private possession – typically small bars – when you sell you will only get a discounted price from a trader outside the main bullion market, the prices are much less competitive and you will lose probably 4-6% of your gold’s value the instant you take possession.
“>coin dealer Germanton of S.M.O.M; and thus, you are in the “land” of S.M.O.M!
What is it with these quarters that millions of people seem to go “gaga” about? Primarily, doing it is easy as quarters can be found almost anywhere and the collectible coins do not cost much more than face value.
Do not forget to thoroughly inspect a particular dealer’s policies before returning an item. Make sure that once you receive your coin, immediately inspect it for authenticity or damage. The coin you must have must be just as you ordered and what you expected.
