Where To Buy Gold Coins In Nyc
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Lear Capital have been America's Precious Metals leader since 1997, and we strive to not only earn your business but to maintain it with superior service. We can help you diversify your portfolio by purchasing bullion, acquiring premium rare coins, or by adding physical gold and silver to your existing IRA account.
This coin shop is known for their selection of rare foreign and U.S. paper currency and coins. Astoria Coins and Collectibles is located minutes from the heart of Astoria. Astoria Coins and Collectibles has a selection of proof and mint sets, antique silver jewelry, and silver dollars. They also carry various collectibles, including baseball cards and comic books. The shop also has an extensive selection of supplies for collectors.
This high-volume coin dealer carries a vast and ever-changing selection of many popular silver and gold bullion coins like the Austrian Philharmonic, Canadian Maple Leaf, and the American Eagle. However, Manhattan Coin Shop specializes in bullion coins. If you need a particular coin, ask about their coin search service. They publish their stock list online, along with the buying and selling prices for many popular coins.
This precious metal dealer is located in a Diamond District office building. Oshri Reuven, the owner of Global Gold and Silver, is known for providing customers with top quality service and products. Global Gold and Silver specializes in selling silver and gold coins, flatware, jewelry, and many other precious metal items. This dealer caters to casual sellers, as well as, new collectors. The staff at Global Gold and Silver will take the time needed to explain the nuances of a precious metal purchase.
This coin dealer sells primarily through their eBay shop. However, they also have a storefront that has a selection of unique coins for browsing. Vieira Coins and Collectibles Inc. trades, appraises, sells and buys antiques, precious metals, and coins. Vieira Coins and Collectibles Inc. specializes in selling and buying rare coins that carry a premium over the metal's value. This includes rare foreign and U.S. paper currency and coins.
Because of the high sales tax rate in New York City, some investors prefer to travel across the river to New Jersey to buy bullion or coins. American Coin & Stamp Co. is a reputable coin shop located less than 20 minutes from NYC proper. They take advantage of their lower taxes and lower rates to offer affordable prices for rare coins, silver, and gold.
This coin dealer was founded in Dr. John E. Wilkison, a renowned numismatist in 1972. Wilkison International specializes in investment-quality certified rare gold coins from around the globe. They are a PCGS and NGC authorized dealer. The founder Wilkison is known for assembling one of the world's finest U.S. gold coin collections. This selection includes modern and ancient high-grade gold coins. You can find some of the rarest gold coins in the world here.
We value our customers and want everyone of our clients to have 100% satisfaction when selling or buying gold coins. We are able to handle any quantity buying gold coins, small and large. We purchase a variety including gold, silver, platinum, palladium.
There are many ways to invest in gold, from exchange-traded funds (ETFs) to gold stocks, but the simplest way is to just buy physical gold or bullion outright. But what's the best way to invest in physical gold We look at the options below.
You can buy gold bullion in two main forms: coins or ingots (bars). The advantage of gold coins over gold bars is that they allow you to be more flexible. After all, it's easier to sell 20% of your gold if you own ten gold coins rather than if your whole investment is in one gold bar.
But if you are simply looking to track the gold price, then ignore these numismatic coins and focus on those that offer the cheapest premium over the spot price (this is the current price, the one you'll usually see quoted on financial websites).
The one-ounce South African Krugerrand, which was first produced in 1967, is the most common gold coin on the planet and so normally trades at the cheapest premium over the spot price. Other good options are the UK gold sovereign, which weighs 0.2354 troy ounces and is 22-carat gold, and the one-ounce Britannia.
The worst deals will come from gold vending machines. These serve a market for people keen to turn cash into gold fast, but most investors should go nowhere near them. They are rare in the UK, so you are unlikely to come across one.
Hong Kong is still widely acknowledged as the cheapest place to buy gold coins. Go to Queen's Road in Hong Kong's Central District, and you'll find well-known banks shifting gold coins for as little as 0.2% above the spot price.
When it comes to selling your gold, you'll find yourself at the wrong end of the gold dealers' spreads once again. Depending on the dealer, you could find yourself getting up to 5% less than the market price.
The key problem with taking physical delivery is that you have to look after it and you will need to store it securely. A safe is the most obvious option, or outside the home in a bank safe deposit box. But if you do store the gold at home and you want it to be covered by your home insurance, you will need to tell your insurer. Depending on how much gold you have, this could bump up your premium.
One of the best known firms is Britian's BullionVault. It offers the option to buy gold which it stores in itsvaults in Switzerland, London and New York. It conducts a daily independent audit of its holdings, and will also allow you to take physical delivery of your gold if you so wish. A similar service is offered by GoldMoney.
The United States Bullion Depository, often known as Fort Knox, is a fortified vault building located next to the United States Army post of Fort Knox, Kentucky. It is operated by the United States Department of the Treasury. The vault is used to store a large portion of the United States' gold reserves as well as other precious items belonging to or in custody of the federal government. It currently holds roughly 147 million troy ounces (4,580 metric tons) of gold bullion, over half of the Treasury's stored gold. The United States Mint Police protects the depository.
The Treasury built the depository in 1936 on land transferred to it from the military. Its purpose was to house gold then stored in New York City and Philadelphia, in keeping with a strategy to move gold reserves away from coastal cities to areas less vulnerable to foreign military attack. The first set of gold shipments to the depository occurred during the first half of 1937. A second set was completed in 1941. These shipments, overseen by the United States Post Office Department, totaled roughly 417 million troy ounces (12,960 metric tons), almost two-thirds of the total gold reserves of the United States.
During World War II the signed original Constitution of the United States, Declaration of Independence, Articles of Confederation, Lincoln's Second Inaugural Address and drafts of Lincoln's Gettysburg Address were stored in its vault for protection, as was a Gutenberg Bible and an exemplified copy of Magna Carta. After the war, the depository held the Crown of St. Stephen as well as stockpiles of opium and morphine. Today it is known to hold ten 1933 Double Eagle gold coins, a 1974-D aluminum penny, and twelve gold (22-karat) Sacagawea dollar coins that flew on the Space Shuttle Columbia, specifically STS-93 in 1999.
In June 1935, the U.S. Treasury announced its intention to quickly build a gold depository on the grounds of Fort Knox, Kentucky. Its purpose was to store gold then kept in the New York City Assay Office and the Philadelphia Mint. This intent was in keeping with a policy previously announced to move gold reserves away from coastal cities to areas less vulnerable to foreign military invasion. This policy had already led to the shipment of nearly 85.7 million troy ounces (2,666 metric tons) of gold from the San Francisco Mint to the Denver Mint. The initial plans were to be completed by August and called for a 10,000-square-foot (930 m2) building costing no more than $450,000 (equivalent to $7,000,000 in 2021).
The first wave of gold shipments was made semi-weekly between January 11 and June 17, 1937, and overseen by the United States Post Office Department. The gold was transported from the New York Assay Office and the Philadelphia Mint onto trains using postal trucks and municipal police escorts. In the armored train cars, postal workers were accompanied by soldiers, secret service agents, and mint guards. Decoy trains were employed. The gold was transferred from trains onto Army trucks under the protection of soldiers armed with armor-piercing bullets and machine guns. The trucks were escorted by combat cars of the 1st U.S. Cavalry Regiment to the depository. The Post Office Department billed the Treasury Department for transporting the weight of the crates and gold using the fourth-class postage rate with added insurance fees.
A total of 157.82 million troy ounces (4,909 metric tons) were moved to Fort Knox in this wave. This shipment represented 44.84% of total U.S. gold reserves, which were 351.9 million troy ounces (10,947 metric tons) at that time. It took over five months and required 39 trains consisting of 215 cars.
On March 1, 1941, United States Secretary of the Treasury Henry Morgenthau Jr. announced the completion of another shipment totaling 258.74 million troy ounces (8,048 metric tons) of gold from the New York Assay office to the depository. The total amount at the vault after completion of the shipment was 416.56 million troy ounces (12,956 metric tons). This amount represented 65.58% of total U.S. gold reserves, which were 635.2 million troy ounces (19,757 metric tons) at that time. This wave of shipments began in July of the previous year and was also overseen by the Post Office. It took seven months and required 45 trains consisting of 337 cars. 59ce067264