First, yet another sorry from yet another newbie for asking yet another question that’s been answered somewhere in this forum for sure … I’ve been doing my homework, but still have questions… If there is already a thread that answers specific questions below, would be much obliged if someone point me to the right source.
Goal: buy gold bullion coins in US. Regular circulated coins as non-collectable assets (not proof, not uncirculated) to get the best value from what I’ve learned. I prefer 1oz and 24ct, so I assume Buffalos is the choice in the US, but Maple Leafs or Kruggerands may do as well, since for asset keeping and easy cash-out proposes they are all fine choices, from what I’ve read online.
Main question: Local dealer or online order from JMBullion or AMPEX? Being new I just want the best condition bullion without much hassles since I don’t have experience evaluating pre-owned coin authenticity or condition. What I need to understand:
- JMBullion, AMPEX, Fidelitrade are listed as “authorized” dealers that buy direct from US Mint. Does that mean I will be getting brand new freshly minted Buffalos, or possibly pre-owned ones as well?
- If I buy from a local shop, I assume I will be getting pre-owned ones, or do they also sell brand-new?
- I’m afraid to be sold a fake bullion, or a bullion not in a pristine condition, so not feeling good about local shops. Am I right to assume the “authorized” online dealers above will be a safe choice for a beginner?
If this is better posted to the Gold forum, please feel free to move........