HOW MUCH DOES GOLD COST?
Gold bullion (BULL- yun) means coins and bars. Bullion has no numismatic value. Fractional gold including 1/2, 1/4, or 1/10 oz can be more expensive. Dealers usually charge a fee. For example, if the spot price of gold is $1200, you might pay $1250 for a one ounce coin. Different coins go for higher or lower costs. But in general when you buy or sell gold, you’ll usually pay 4-5% over the current spot price.
WHICH IS BETTER, BARS OR COINS?
Coins are the most common investment type. We also sell bars of gold. When at Houston Gold Merchants, you’ll find the American Gold Eagle, The Krugerrand, The Canadian Maple Leaf and the Mexican Peso. These coins are easy to find. With coins, the diameter, the thickness and the weight are always known. And with this information, you are more likely to avoid being the victim of a counterfeiter.
Gold bars have a slightly lower premium, so your costs are lower when buying. Bars are made by different manufacturers. Bars are not always the same size and shape. Bars 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 have one ounce of gold. American Eagles, American Buffaloes, Canadian Maple Leafs, South African Krugerrand or Mexican Centenario. They’re all great coins. You can store these for a hedge against inflation.