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Tana goldfields news reviews three things you should - SlideShare

Since the price of gold and silver have been increasing at astounding rates, more and more people are looking at gold, silver and platinum coins as investments. There are many honest and reputable coin dealers that can help you purchase these investment instruments at fair market prices. Unfortunately, there are also those that are looking to rip off the uninformed and sell them overpriced gold coins.
Before you invest of any of these precious metal coins or bullion, you should do your research and obtain your knowledge from somebody other than the person trying to sell you the coins. "If you don't know your gold, silver or platinum coins, you'd better know your coin dealer to help you make responsible decisions," advises Professional Numismatists Guild (PNG) President Jeffrey Bernberg of Willowbrook, Illinois. The Professional Numismatists Guild is a nonprofit organization founded in 1953 and is composed of the country's top rare coin and bullion coin dealers. PNG member dealers must adhere to a strict Code of Ethics in the buying and selling of numismatic and bullion merchandise.
"To make an informed purchase of gold, silver or platinum, investors need to be aware of three crucial marketplace factors: the actual cost per ounce of the precious metals; the bullion value versus any collector value of the coin; and timely delivery of the merchandise" continued Bernberg. In order to help investors understand the precious metal marketplace, PNG has published the following guidelines to help you become a wise investor.
Price
Gold Investors should be aware that gold bullion coins trade at a small premium over the actual spot gold price because they are minted by sovereign governments that charge a fabrication fee. The spot gold price is based on 100 ounce or larger .999 fine gold bars. Gold bullion coins ranging from 1/10 oz to one ounces trade at 3% to 15% premium over spot, based on the coin, it's size (for example, 1/10th, 1/4th, 1/2 or 1 full ounce), and the quantity being purchased.
Many major gold bullion dealers typically will sell a single, one-ounce gold American Eagle gold coin at approximately four to five percent over the current spot/melt value (and purchase them from customers at about two percent less than their selling price.) American Eagles, Canadian Maple leafs and South African Krugerrands are some of the most popular gold bullion coins. Investors should contact several creditable precious metal dealers and shop for the best price.
Bullion vs. Collector Coins
Investors should distinguish between bullion coins whose values generally fluctuate according to the current price of gold, silver or platinum, and "rare coins" that can carry a significant collector premium based on historical supply and demand.
Some U.S. gold and silver coins may be readily available in circulated condition for a modest premium over their bullion content, but those same coins in superb condition may have significantly higher value -- perhaps thousands of dollars above their melt value. The market for accurately graded, high-quality rare coins is quite strong now.
Delivery
Under normal conditions delivery of coins you've purchased should be received with 10 to 14 days. However, if at the time of purchase the seller may be aware of a mint delivery problem it should be disclosed to you that there may be a delay. The PNG does not recommend having coins stored by dealers, instead, verified storage at an independent, accredited depositary is acceptable for many investors, especially if it involves a large quantity of gold.
The Professional Numismatists Guild
Members of the Professional Numismatists Guild must adhere to a Collector's Bill of Rights and a Code of Ethics that prohibit use of high pressure sales tactics and misrepresentation of the value of items being sold. PNG members must demonstrate knowledge, responsibility and integrity in their business dealings. They also must agree to binding arbitration to settle unresolved disagreements over numismatic property.
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