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Is...(drum roll).....a pawn brokers.
What? not a gold bullion dealers or a gold coin shop?
You've heard me right.
A pawn brokers is the best place to pick up a bargain gold bullion coin.
So, sit down with a mug of java & let me take you through the reasons why.
When you set out to buy a gold bullion coin, what matters, besides the coin itself is the price you pay.
And you want to pay the very best price possible.
That means you need to search around the edges to find where a coin may be dramatically undervalued (but still be genuine).
Let's look at the options.
If you have read my earlier articles you will be aware that one of my favorite techniques is to buy a really high grade gold bullion coin from a bullion dealer - and then sell it to collectors.
But where can even greater opportunities for mis-pricing be found?
Well probably not eBay that's for sure.
Thousands of eyeballs all watching auctions definitely improves the efficiency of the market.
What you need is a place where they bought the goods for (way..) beneath market value & will be happy to get rid of them as fast as possible.
Enter the world of the pawn broker- the single best place for buying gold bullion coins (& sometimes collectible gold coins) at beneath market value.
The recent economic problems besetting the world, has sent many people running to pawnbrokers to get loans for their gold coins.
In the past few years business has boomed and if you haven't visited a pawn brokers recently- I recommend that you do so. Their range & quality of stock has increased dramatically.
The owner of the shop will have the unredeemed pledges on display- and I can assure you now, that he loaned just a fraction of what they were "worth".
So, bypass the stereo systems, the fender amps and head for the jewelry cabinets.
Here you will potentially find a treasure trove of gold coins, and if the market is moving fast- like it is these days- they will probably be beneath market value.
Feel free to haggle- you are after a bargain, remember.
It helps to develop a good relationship with the owner and you will soon become the "go to guy" whenever he suddenly gets some gold coins he want to shift. This one tip can put a LOT of money into your pocket.
Till next time,
Happy gold coin collecting,
Paul
If you would like to learn more about gold & bullion coins safely, then visit my websites for free information:
http://www.buybullioncoins.com/blog/
http://www.value-of-gold-coins.com
