How to Find the Best Place To Buy Gold

How to Find the Best Place To Buy Gold

Joshua McMorrow-Hernandez
Published: April 26, 2021
Updated: April 27, 2021
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A professional gold dealer is your best option when buying gold. We'll explain what the marks of reputable gold dealers are.

The good news is that with a little bit of homework upfront, you’ll be able to find the right gold dealer for you. You'll want a reliable one with whom you can establish a solid relationship when you wish to buy or sell gold. Gainesville Coins is an excellent place to buy and sell gold bullion, whether online or in person.

Let’s look at some of the things you should consider when looking for the best gold dealer.

Selection

One of the most important factors to consider when choosing a gold dealer is making sure they offer what you’re looking for. It makes no sense to choose a place to buy gold that doesn’t sell the type of gold products you want. Of course, there is a wide variety of investment gold products out there, including coins, rounds, and bars.

gold investigation

Among that trifecta of gold products, there are infinite options. Different styles of gold bars, gold rounds with various themes, gold coins from an array of nations. Beyond that, many products are made in different fractional sizes to suit each person’s budget and bullion investing objectives. 

Those who want to buy gold online can visit each gold dealer’s website to see what they offer in their inventory. Meanwhile, investors who want to buy gold in a brick-and-mortar storefront may choose to physically visit the dealer in person to see what they have in stock. This is one of the best aspects of a local coin shop.

People who are shopping around can also place calls or send emails to find out certain products' availability. Once you determine what a given gold dealer offers, you need to determine how much these items cost and ascertain if they are reasonably priced

Price

Pricing is just about everything when it comes to deciding who to buy from. But one of the big problems investors often encounter is in their (often failed) efforts to buy gold cheap.

It seems all too many people start their search for the best place to buy gold by looking for the cheapest gold. And this is where some budget-minded gold investors stop their search. They choose a dealer advertising the lowest price, and all too frequently end up with subpar goods or, in the worst-case scenarios, stolen gold or even counterfeit gold. 

gold price

If your search for a gold dealer leads you to a too-good-to-be-true deal from a seller who wants to meet you in the big-box store parking lot for a cash transaction of bullion goods, run as quickly as possible. This type of thing happens every day—and it’s frankly astounding to comprehend how many people fall victim to these scams to save a few dollars.

Prevent a headache by buying gold the right way, for the right price, from the right dealer. Become familiar with the current gold prices and market values for the gold bars, gold rounds, and gold coins you’re looking for. As a general rule, the best place to buy gold will offer their products right around those fair market values.

So, what’s the key takeaway here? Don’t blindly buy cheap gold—especially free shipping offers. Buy fairly priced gold from a reputable dealer! 

Reputation

What does it mean to be a reputable gold dealer? Sure, one of the main criteria is to not trick your customers with fake gold, stolen goods, or prices that are way higher than they should be. But it’s much more than that, too.

Being a reputable dealer means serving the public with a sense of trust, ethics, and doing the right thing. It means selling quality gold products. It means standing by a pledge to offer authentic products and selling them at fair prices. It also means buying back those gold products at a reasonable price should the investor decide to sell

Sometimes, you may not really “know” if a gold dealer is reputable until you try working with them. But there are plenty of things you can look for ahead of that first purchase when choosing the best place to buy gold.

  • Make sure the gold dealer offers a fair return policy and lists their contact information. This makes it easy to reach them, whether you want to buy gold or inquire about making a return.
  • Look for the dealer’s industry connections. The best places to buy gold are affiliated with the National Coin & Bullion Association (formerly known as Industry Council for Tangible Assets) and coin organizations such as Professional Coin Grading Service and/or Numismatic Guaranty Corporation.
  • Always make sure the gold dealer has an A+ rating from the Better Business Bureau. 

Service

It’s all well and good to buy gold coins, rounds, and bars at a fair price from a gold dealer who is upstanding and reputable. But there’s another part of the equation when it comes to buying gold that often goes overlooked: customer service.

Some bullion dealers are great, simply great. They’re right there to inform the new buyer, apprise longtime customers of new products, and stand at the ready to answer questions and reply to online inquiries at a moment’s notice. 

deal handshake

Then there are gruffer gold dealers. They may offer little more than terse replies for any customer who asks a question besides “how much does this cost?” When it comes down to it, don’t you want to work with a reliable gold dealer who will offer you fair deals and exceptional service?

The best place to buy gold is from a dealer who hires experts who are always willing to answer your questions. They can educate you on your options, and have the professional courtesy to answer phone calls and emails quickly while promptly fulfilling orders. The best place to buy physical gold and silver is the gold dealer that treats you like the valued customer you are.  

If you're ready to start buying gold at fantastic prices, follow the link to buy gold at Gainesville Coins.


Joshua McMorrow-Hernandez is a journalist, editor, and blogger who has won multiple awards from the Numismatic Literary Guild. He has also authored numerous books, including works profiling the history of the United States Mint and United States coinage.

More information on buying precious metals from Gainesville Coins

Gold & Silver IRA Guide

How to Buy Silver Online

The Best Gold to Buy: A Straightforward Explanation

The Best Way to Buy Silver: A Guide to Buying Physical Silver

How to Buy Gold Coins: Buyer's Guide

Gold vs. Bitcoin: Why You Should Consider Buying Both

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