It’s Time to Go Digging for Gold: Where Can I Buy Gold Coins Near Me? The Ultimate Guide

Gold coins, silver coins, rare coins, and precious metals feel great in someone’s hand when they hold them. Also, when you buy gold, there are certain advantages you get from it that you can’t find in other investments. Also, buying gold will help diversify your investments.

This guide will explain everything you need to know when buying gold coins and where to get them. Lastly, there are some good tips and tricks that you should follow, so you are working with a reputable gold dealer at all times.

See also our articles on Executing A 401(k) To Gold IRA Rollover and Ever Wondered What Is A Gold IRA?.

Why Do People Buy Gold Coins?

There are many advantages to buying gold coins:

  1. It is a tangible asset that you can hold in your hands. Many people like that they can hold their gold coins and silver coins in their hands because you can’t do that with other investments. Also, you don’t need to worry about fertilizing, feedings, or maintaining them.
  2. Precious metals are not backed by any bank or government, so many people buy them.
  3. You can sell your gold coins anywhere. In every major city in the world, you can find gold dealers, so it is something that can be easily sold. Also, you will have an easier time selling your gold bullion coins during a crisis because the value will increase.
  4. It is easy to hold $50,000 worth of gold coins in your hand because the coins are small. You can place your gold and silver coins in a safety deposit box without worries.
  5. Many people enjoy that this is a private investment that people do not need to know about. Gold investing is confidential, but you will need to pay taxes on any gains you receive.
  6. You can take your gold coins anywhere with you!
  7. Gold will outlast everyone because its value is timeless. Yes, the value of gold does continue to fluctuate, but it is the only thing that has retained its purchasing power over long periods.

buy gold coins near me

What Are the Best Gold Coins to Buy?

You should be aware of two categories of gold coins when you purchase your precious metals: bullion coins and numismatic coins. Also don’t forget to ensure your coins are graded before purchase.

Bullion Coins

Bullion coins mean that they are completely made from precious metals. Many people buy these coins because they have refined gold and are a good investment. Also, bullion coins are not considered a collector coin.

Some bullion coins can be bought with alloy because gold is considered a soft metal. Buyers can purchase these coins from government mints, which means that these coins have been manufactured and guaranteed by the governments. There is a face value printed on the coins, but it does not mean anything because the actual gold used adds more value.

There are also private mints that make gold coins. These coins will be of good quality, but they will not come with a face value or guarantee from the government. This is why many people do not buy these gold coins, but many people will still buy silver coins from a private mint.

Numismatic Coins

Numismatic coins are also referred to as rare coins, and these coins are bought and sold by collectors. The value of these coins is not based on the gold content but rather its rarity and conditions. These coins are worth a lot more than bullion coins and can reach a few thousand dollars, and some can reach the one million dollar mark.

However, it is encouraged to avoid buying these rare coins if you are not going to become a collector. This is because they come with higher premiums compared to bullion coins.

It is essential that when you are at your local coin shop, you do not fall trap to its selling tactics. Many gold dealers will convince you to buy the rare coins, but you shouldn’t. The only reason why these dealers are trying to persuade you to purchase these coins is that they will make a lot of profit from you.

What About Semi-Numismatic?

You may hear the term semi-numismatic, but this is just a marketing term. Dealers usually use this term for silver coins. These gold and silver coins are made to be collector coins, but they do not have any historical significance yet. It can’t be determined if these coins will be collectibles one day, but these should also only be bought by collectors.

These coins should not be used as a replacement for bullion since you will still pay more to purchase these coins. However, many coin dealers do not sell these coins anymore because they are not collectors themselves, or they do not want to sell overpriced coins to investors.

What You Need to Know When You are Getting Ready to Sell Your Precious Metals

The most crucial tip for investing in gold coins is picking valuable ones, but those are also easy to sell. What you do not want is:

  • A product that is hard to sell.
  • Gold coins that will be delayed when selling.
  • Precious metals do not have a lot of buyers.
  • You will have to pay more than you expected.

The previous points are what many people need to keep in mind regarding rare coins. This is because many people interested in coins are investors and not collectors, so there is a smaller group of people willing to buy your gold coin. Also, the gold dealers will want to make sure that your coin is authentic before buying it, which will make the process longer.

However, when you buy a sovereign coin, you are fine because these are accepted globally and will always be sold at the value of gold.

What Are the Most Popular Gold Coins?

These are the six most popular sovereign gold coins available right now. The coins will state the content and purity of the gold, which are both guaranteed by the government.

One Ounce American Gold Eagle

This is the most popular gold coin globally and can be purchased in half, quarter, and tenth-ounce denominations. Pre 1933 coins are also very popular. The United States government backs it.

One Ounce Canadian Maple Leaf

You can buy this coin in a half, quarter, tenth, and twentieth-ounce denomination. It is also the most secure gold coin globally because of the Royal Canadian Mint’s security measures on it.

One Ounce Austrian Philharmonic

This coin is the widest and was one of the top-selling gold coins until 2001. You can also purchase this coin in a half, quarter, tenth, and twentieth-fifth-ounce denomination.

One Ounce Australian Kangaroo

There is a new kangaroo every year when the Perth Mint makes this. You will be able to buy this coin in a half, quarter, and tenth-ounce denomination.

One Ounce South African Gold Krugerrand

This coin has no face value, but you can buy it in a half, quarter, and tenth-ounce denomination. Also, it is the oldest circulating coin in modern-day history.

One Ounce American Gold Buffalo

Back by the United States government, this is the newest coin, first manufactured in 2006. Also, it has greater purity than the Eagle.

Where to Find the Best Coin Dealers Near You

You can buy and sell your precious metals in a local coin shop or online gold dealers.

Local Coin Shop


  • People can buy it from you right away.
  • There are no shipping or insurance costs.
  • You have more privacy.


  • There is a higher chance that the premiums will be more significant, and the reselling factor will be smaller.
  • You will have limited choices.
  • There may be less liquidity.

There are many money metals exchange options for people who want to get rid of their coins. However, you need to make sure that you are only working with a reputable dealer because you do not want to be swindled of your coins.

You can use the US Mint dealer locator to help you find the right gold dealer for you. People can also search for a coin dealer online, but people say not to put in the word gold because many are trying to keep a low profile.

Online Gold Dealers

An example would Noble Gold, or Goldco.


  • You can order online and lock in the price without speaking with someone.
  • Usually, the total cost is lower.
  • There is more selection.


  • You have to trust that the physical gold will look the same after buying it online.
  • There are extra fees for bank wire transfers.
  • The product will only be shipped once the payment goes through.

It is evident that buying gold online is risky for many reasons:

  • You have to pay for the gold upfront.
  • There needs to be trust between you and the gold dealer.

However, there are many reputable dealers online, and they will continue to provide customers with good service because they do not want to lose their customers.

A tip that everyone should follow when buying any precious metals online is to look for the prices and the insurance fees. These should be easy to find on the website. Some may want you to call to get the price, but this is usually a selling tactic. The gold dealer may try to get you on the phone to get more money out of you.

Instead, buy from transparent gold dealers because they are safer to work with.

Tips to Help You Find the Most Reputable Dealer

You can ask many different questions to ensure that you don’t get ripped off when you want to buy gold and silver.

  • Always compare the prices of the same coin to another dealer. When working with precious metals, you want to make sure that you are only spending an appropriate amount of money, so nothing overly expensive or insanely cheap.
  • Ask the dealer if they accept multiple forms of payments. Also, make it clear that you want to know as many options as they offer.
  • Remember to get the total cost. Some dealers will have hidden fees, so you want to ensure you’re ahead of the game.
  • Do not be intimidated to ask how big the company is. You want to work with a seller with many connections because you will have a bigger selection to pick from.
  • Follow your gut feeling. Do you like this seller? Are they educated on precious metals, or are they offering a low price guarantee scheme?
  • How many will marketing materials be sent your way after purchase?
  • Ask if they have a buyback policy because you want to work with someone who will be in the business for many years.
  • Check out the return policy. You are buying real gold, so you want to ensure that all dealers have a return policy.

If you remember to ask these questions, you have a better chance of getting the precious metals you want from the right dealer. Otherwise, you could be tricked out of your own money.

The Best Online Gold Dealers You Should Check Out

This is a list composed of the best online gold dealers that you should look at. These dealers have competitive pricing and are reputable, so you can pick the right one for you.

Money Metals

Money Metals has competitive pricing and low shipping costs, so many people have used this company to buy coins. It was founded in 2010 and now has a customer base of more than 250,000 customers. Since the company is completely focused on the customers, it has been able to give many customers transparent pricing for all precious metals products.

The website is user-friendly, so people can easily look at silver bullion and gold bullion. There are also monthly saving plans available, so beginners can get their feet wet. You have 10 minutes to buy your product from Money Metals because otherwise, you will need to place your order again.

Once you purchase from Money Metals, you will be notified that your purchase is now safe in the vault storage available in Delaware, Idaho, and Massachusetts. The customer service team is also responsive and can be contacted via phone, email, or live chat.

JM Bullion

JM Bullion was founded in 2011 and is quickly growing. You can find an extensive catalog of gold coins and bars from around the world. However, you can only buy from this company if you are located in the US.

If you want to think about your future, you can contact Amercian Bullion about gold IRAs. You can invest for your retirement through this program because it is all IRA-approved. There are many ways to pay via PayPal, credit card, wire transfer, and cryptocurrency. However, each payment has a slightly different rate.

Also, if you are a collector, you might be interested in the Chibi coins available because you can buy them if you are into movies and anime. These themed coins are ones that people will be looking at.

American Precious Metals Exchange (APMEX)

APMEX is the largest online precious metals dealer in the world. You have over 10,000 products to choose from when you look at this website. This company has been around since 2000, so there is no surprise that this is one of the most trusted online dealers.

All customers can purchase the standard bullion coin and other products, but there are other options like platinum, copper, and palladium products. Additionally, collectors will be able to look through the large variety of coins and old dollar bills so that you can get the coolest product.

However, APMEX does not have the lowest prices for its products. People don’t mind this too much because of your selection when purchasing from this company. You can also buy bulk gold products for your investment purposes through APMEX.

When it comes to shipping, you can have free shipping if you spend over $199. This is an excellent perk for many buyers because multiple sellers do not offer this service. However, if you spend less than $199, you will need to pay a $9.95 shipping fee.

Lastly, suppose you want to store your gold with APMEX. In that case, you will be happy to know that the company uses Citadel Global Depository Services, one of the most famous private storage facilities.

SD Bullion

SD Bullion is one of the newcomers in the market because the company was only founded in 2012. However, it already has a good reputation as a gold dealer. You will be able to purchase metals at low prices because of the low-price guarantee. If you find the gold you want being sold cheaper somewhere else, then the company will match the price.

However, one of the downfalls of SD Bullion is that the cancellation fee is higher compared to other online dealers. Except, the wide range of gold coins and bars makes people still interested in this company.

Also, you can purchase gold IRAs through SD Bullion. Many people choose this route instead of relying on stock market investments for their retirement. This is because people know the value of gold continues to increase tremendously.

If you need to speak to customer service, you will be happy to know that you can reach them through phone, email, and live chat. The team is knowledgeable and friendly, so they will help you answer any questions you may have.

Buy Gold and Silver Coins (BGASC)

BGASC does precisely what the name means, the company will buy gold and silver coins, and you can purchase them at a reasonable price. There are many different gold products you can buy from BGASC, but the company does focus on bullion coins.

This company is another new one in the field, but the company’s reputation is already very positive. You can buy coins like the Gold Eagle, Gold Maples, Krugerrands, and more from this company. It is a one-stop shop for all of your coin purchasing needs.

Also, there are many options for rare coins, so many collectors enjoy using this online dealer to get the coin they want. There is a three-day return policy, but you will need to pay a five percent restocking fee. If you want to check out the buyback prices, you can easily find them on the website to know what you are working with.

Lastly, the customer service is knowledgeable, experienced, and passionate about the subject. There are many reviews online praising the team and their attention to detail, so all customers are responded to promptly.


There are many reasons why people buy gold or other precious metals. It is another safe way to invest your money without getting involved with the stock market. Also, you know that all of the coins you buy from reputable dealers are backed by governments, so it is a safe investment.

Also, there are many dealers you can speak with to buy your gold coins or bars, but you need to figure out whether you would want to go to a physical store, or if you would want to do it online. Either way, you must remember to ask questions before following your gut instinct because there are scammers out there who will try and take your money.

Additionally, the previously mentioned list is composed of some of the best online gold dealers, so if you are interested in taking part – you should check one of the companies out. It is good to compare the different dealers, so you are getting the right deal. Also, many of the online dealers have a price alerts notification you can sign-up for. This will allow you to keep up to date with what you want to buy and how the price is fluctuating.

Either way, make sure that you take care when it comes to purchasing your gold because you only want to work with the right people and buy real gold.

Go here to learn how to measure and how many grams are in an ounce of gold.


What Are the Best Coins to Buy?

The best coins to buy are bullion coins. This is because they hold their value and can be sold quickly. However, collectors tend to buy rare coins because they are for holding onto.

Is it Better to Buy from a Local Coin Shop or an Online Dealer?

That depends on you and your needs. You will have a broader selection online, but then, you need to make sure that you are only purchasing from legitimate companies.

What Is the Most Popular Gold Coin in the World?

If you want the most popular gold coin in the world, then you would need to buy the Gold Eagle.

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Peter Grantham

Peter has been an avid investor in for all his life. Over that time he has accumulated a wealth of knowledge and experience including stocks, bonds, real estate, retirement, precious metals, cryptocurrencies and business investments. You can get in touch at my email: As the owner of this site "My Gold Silver Bitcoin", he aims to bring his knowledge and experience to new investors and seasoned veterans. My mailing address is: 41847 Moen Grove, Greenton, Arkansas, 80976

The owners of this website may be paid to recommend Goldco. The content on this website, including any positive reviews of Goldco and other reviews, may not be neutral or independent.

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