Safely Getting the Best Price for Gold Eagles

In what has become a mad rush for investors who believe this is their last chance to buy gold before it makes a historically meteoric rise, some nefarious folks are defrauding others by selling fake gold bullion Eagles or simply not sending anything from an online order. In short, one needs to be extra careful when the market for gold has heated up.

Thankfully, there are plenty of professionals who have been selling gold Eagle coins for many years to investors who have known this time was coming as far back as the early 'aughts, when the price of gold was historically low. In retrospect, those late-night radio ads from the time were correct, it just took about 8 years. Had you chosen to invest in gold Eagles at that time, you'd be enjoying over 300% returns on the bullion market when selling near the spot price in February 2009.

With some speculators and “experts” predicting that prices will rise to henceforth unheard of high levels – a few experts even claimed that $2,300 per ounce was a distinct possibility in 2009 – the pressure for even small investors to buy what gold bullion Eagles they can afford surely has something to do with a sharp increase in the number of advertisements for gold sale businesses that have recently sprung up. Such advertisements and eh companies they represent, especially when the message is aimed at new or otherwise inexperienced at gold Eagle investing, should be viewed with extreme skepticism.

The absolutely safest way to purchase gold Eagles is to order them directly from the US Mint. Until late 2008, anyone could purchase any of the American Eagle Series investment-grade precious metal coins and have them delivered in a matter of days. This route has proven less likely since that time, due to massive shortages and rationing of bullion. Gold Eagles are still available from private dealers, both new and old.

Of course, Associated Dealers who sell certified Double Eagles for the US Mint are sure to be reputable. Coin dealers who have been in business for many years at a physical, local store are also trustworthy. Neither of these businesses could survive for any length of time if they were cheating people – all such frauds are eventually discovered, even if it takes a few years for anyone to notice.

What is less certain, though done on a very regular basis is purchasing coins on eBay. The popular consumer-merchant service is home to literally thousands of people who are both seeking to sell and buy gold Eagles on any given day. Experts recommend carefully monitoring the feedback of clients, and choose to shop with sellers who have at least a thousand positive feedback ratings. This system for buying and selling gold bullion Eagles has been tested for many years and has many safeguards against such things as false feedback built in, but it always pays to give more than a cursory glance to all such ads.

Buying from ads in the newspaper or private customer to customer transactions without the benefit of a selling agency in between should never be done through the mail. Seeing such coins in person and carefully checking them over is the only way to be reasonably certain that the coins are real. Of course, anyone selling gold at or below the spot price is suspect – act accordingly!

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Dario Bell

March 24, 2009