HOW MUCH DOES GOLD COST?
Gold bullion (BULL- yun) pricing is based on the spot price of gold and includes a dealer fee. For most coins and bars, that fee is around 4-6% per ounce for most items. Fractional gold (items including 1/2 ounce, 1/4 ounce and 1/10 ounce are slightly more expensive) So if the spot price of gold is $1200 on any given day, you might pay $1250 for a one-ounce coin. Different coin types (and brands of gold bars) go for slightly higher or lower costs. But generally speaking when you buy or sell gold, you’ll usually pay 4-5% in addition to the current spot price.
WHICH IS BETTER, BARS OR COINS?
Coins are the most common investment type, but we also sell bars of gold. When you deal with Houston Gold Merchants, you’re likely to find the American Gold Eagle, The Krugerrand, The Canadian Maple Leaf and the Mexican Peso. We also sell pre-1933 gold that was used as money in the US in the past. These forms of investment gold are easy to acquire, simple to verify the authenticity of and are less susceptible to counterfeiting than bars. With coins, you always know the diameter, the thickness and the weight. And with these three specifications, you are more likely to avoid being the victim of a counterfeiter.
Gold bars have the advantage of a slightly lower premium, so your initial costs are lower when purchasing. Unfortunately, bars by various manufacturers are not always of uniform size and shape and so are easier to counterfeit.
WHAT ARE THE VARIOUS TYPES OF COINS YOU SELL?
At Houston Gold Merchants we sell all the most common coins for investment purposes.
WHAT IS THE BEST GOLD COIN TO BUY?
Most bullion coins contain one ounce of gold and the choice is yours – American Eagles, American Buffaloes (24 karat) Canadian Maple Leafs, South African Krugerrand or Mexican Centenario. They’re all great coins, beautiful to hold and to store for a hedge against inflation.