November 18, 2021

Best Places to Buy Gold Coins

Read more about Investing

Want to buy gold and not sure where to do it? Look no further. Review this guide to learn the best places to buy gold coins and how to get started.

Best Places to Buy Gold Coins
  1. JM Bullion - Best Overall
  2. SD Bullion - Lowest Prices
  3. APMEX - Best Selection
  4. Vaulted - Easiest Buying Process
  5. The U.S. Mint - Best for Frequent Buys
  6. Kitco - Best for Larger Investments
  7. Patriot Gold Group - Best for Gold IRAs
  8. GoldSilver - Best Discounts

Gold is an appealing investment for several reasons. It's a hedge against inflation and it can be spent just like paper currency.

So where do you buy gold coins for your portfolio?

A gold dealer is the answer. In this guide, review the best online gold dealers to shop with. Plus, learn what to look for in a trustworthy gold dealer.

Best Places to Buy Gold Coins

Now that you know what to look for in a reputable gold dealer, let's look at some of the best out there.

1. JM Bullion - Best Overall

Founded in 2011, the quickly growing JM Bullion offers a wide range of gold coins and bars from all over the world, including the U.S., South Africa, and Mexico.

They also offer IRA-approved gold, if you're interested in investing for your retirement through a self-directed IRA. In addition to gold, they carry silver, platinum, copper, and palladium.

JM Bullion's prices are transparent and competitive. They have no commissions or fees, and their site is easy and intuitive to navigate. For those looking to take some of the effort out of their gold investing, they also offer an automated savings plan.

They accept payment via credit card, PayPal, wire transfer, e-checks, and even purchases made with Bitcoin and Ethereum, two popular cryptocurrencies. Different payment methods will have slightly different rates.

They have some unique collectible offerings, like Chibi coins for fans of anime and movies, and a variety of themed coins. They also offer a military discount and one-bulk purchases.

They offer free shipping for orders over $199, and charge $7.99 for orders less than that.

Secure storage is available through TDS Vaults, which they've partnered with to ensure the safety of your gold.

Unfortunately for international buyers, they're only available in the U.S.

Their return policy has a 5-day limit, but they don't indicate whether there's a restocking fee. You are expected to pay for any market losses. They won't buy back anything less than $1,000 worth, and you can find their buyback prices at their site. JM Bullion's support is available via live chat or phone.

JM Bullion currently has a Trustpilot score of 4.3 out of 5.

2. SD Bullion - Lowest Prices

While SD Bullion was only founded in 2012, they have a good reputation as a gold dealer. They offer lower prices than some competitors and even have a low-price guarantee, meaning if you find a lower price somewhere else, they'll match it.

They offer a range of gold coins and bars, including coins from the U.S., Canada, Australia, China, and Great Britain, as well as pre-1933 gold, produced prior to the end of circulation of gold coins in the United States.

Their gold coins and bars vary in size and weight (and therefore price), some as small as 1/100th of an ounce, and some as much as a whole kilogram.

They have a deals page called "Doc's Deals," where they offer gold and silver at reduced prices.

In addition to their other offerings, SD Bullion sells IRA-approved gold, including:

  • American Gold Eagles
  • Canadian Gold Maple Leafs
  • American Gold Buffalos
  • Perth Mint Gold Coins
  • British Gold Coins
  • Chinese Gold Pandas
  • 999 Fine Gold Bars

They also sell IRA-approved silver and platinum.

Shipping costs $7.77 for purchases under $199, but after that, it's free on domestic orders. Or you can choose to store your gold in the SD Depository vaults, located in Michigan and Ohio, at prices starting at $9.99 a month.

Rest assured, they won't mix your gold with that belonging to other investors. Deposits stored with them are insured by Lloyd's of London.,

SM Bullion's customer service team is accessible via email, chat, and by phone.

They have a 3-day return policy, and their cancellation fee is fairly high. They charge a 5% stocking fee for purchases made with credit card or PayPal, and 3% for other purchase methods. They may also make you pay the cost of any market loss. While they will buy back your gold, their prices are not publicly available.

SD Bullion has a rating of 4.5 out of 5 on Trustpilot.

3. APMEX - Best Selection

You can find an extensive variety of gold in all shapes and sizes at APMEX , from coins to bullion to gold jewelry.

With over 46,000 unique products, they have one of the biggest varieties of any of the dealers on this list. However, their prices aren't the lowest.

In addition to gold, they also carry other metals, including silver, platinum, and palladium.

Their Auto Invest program allows you to set up recurring purchases, which can help you achieve a more balanced purchase price than attempting to time the market.

Like many of the other dealers on this list, they have a discounts page where you can find the lowest prices, and also offer discounts for those who purchase in bulk.

They offer free shipping for orders over $99, and you can pay via credit card, PayPal, bank transfer, or cryptocurrency. Orders over $25k must be paid within 3 days. Smaller orders can be paid within 5.

There are no hidden fees, and their buyback prices are publicly listed on the site. Prices are updated every 60 seconds, and once you start an order, you have 15 minutes to complete it to lock in the current price.

They offer storage through Citadel Global Depository Services
APMEX has a seven-day return policy, which is longer than some. However, there is a $50 or 10% restocking fee.

APMEX's Trustpilot score is a bit lower than some of their competitors at 2.7 out of 5.

4. Vaulted - Easiest Buying Process

Vaulted is a mobile-first gold dealer, bringing gold investing into the app era. Their goal is to make gold buying "easier than ordering a pizza," according to their site.

It takes just a few minutes to set up an account, and then you can get started investing in 99.99% pure gold kilo bars that are manufactured by the Royal Canadian Mint and certified Conflict-Free.

Your bars can be stored at the Canadian Mint as well, always ensuring they're in safe hands. They also let you buy fractional shares at regular intervals by linking a checking account.

If you buy a whole bar—either over time or all at once—you can have it FedExed to your home for a $50 delivery fee and an additional $2 per bar.

Unfortunately, they don't sell gold coins—only bars. For coins, you'll have to look elsewhere.

Their fees include an annual 0.4% maintenance fee and a 1.8% transaction fee on sales and purchases.

Vaulted doesn't currently have a Trustpilot rating.

5. The U.S. Mint - Best for Frequent Buys

You may not know this, but you are able to buy gold coins directly from the United States Mint, which produces all of the currency circulating in the country today.

Their selection is a fair deal more limited than many of the other sites on this list, including only coins produced by the U.S. Mint itself, like American Eagles, and a variety of other American coins.

They sell coins ranging from a few hundred dollars to a thousand or more.

One advantage of buying through the U.S. Mint is that you can get free shipping if you purchase from them frequently.

You'll have to pay shipping for your first three orders, but any further orders in the same year will be shipped for free.

6. Kitco - Best for Larger Investments

If you're looking to make a larger investment, you might consider buying your gold through Kitco, where the minimum order is $2,000.

Like many of their competitors, they have a deals page where you can find gold coins at discounted prices, and they offer currency from a range of countries including the U.S., Canada, Australia, and more.

You can also invest over time by buying fractional quantities of gold bullion and opt for delivery at a later date. Or you can trade digital gold through the Kitco Vaultchain.

This digital currency represents real gold held at the Royal Canadian Mint, but is easily tradable for an annual fee. Unlimited transactions and storage are included. Your fee is prorated depending on what part of the year you sign up.

Besides gold, you can buy a range of other metals including silver, palladium, rhodium, and platinum.

Kitco has a Trustpilot score of 4.6 out of 5.

7. Patriot Gold Group - Best for Gold IRAs

For those particularly interested in setting up a gold IRA, the Patriot Gold Group may be a good option.

They will help you through the process of opening a self-directed IRA which you can use to invest for your retirement.

When you rollover or transfer an existing IRA, it's possible to get as much as $2,500 worth of free gold coins.

You have the option of storing your coins and bullion in their vault. Their IRA-approved bullion and coins are free to browse, but to get a quote on the actual prices, you'll need to get in touch with them directly.

Patriot Gold Group has a Trustpilot score of 4.6 out of 5.

8. GoldSilver - Best Discounts

GoldSilver offers a somewhat limited selection of gold coins and bullion—and, as the name suggests, they carry silver as well.

They have a range of IRA-approved options for those looking to save for retirement, as well as a deals section offering precious metals at discounted prices.

You can earn discounts up to 4% by using certain payment methods, including check, wire transfer, and Bitcoin. You're also welcome to pay via PayPal or credit card, but they'll incur a small fee that you could otherwise avoid.

You can also earn discounts by becoming an "Insider," which you can do by buying 10 ounces of gold or 500 of silver. It will also grant you access to exclusive investment research.

GoldSilver is another platform that will match prices with competitors, up to $5,000.

GoldSilver offers gold storage at vaults around the world (Toronto, Salt Lake City, Singapore, and Hong Kong) for rates as low as 0.06% of the value of the assets held, paid monthly. The minimum is $4.

Their rate for free shipping is higher than many of their competitors, and only available for orders of $499 or more.

GoldSilver has a Trustpilot score of 4.1 out of 5.

Other Gold Dealers to Consider

Money Metals Exchange
Buy a variety of gold coins and bullion through Money Metals exchange, and save money by enrolling in a monthly plan of $100 or more to lower costs.

Set up price alerts to find the best prices, and pay with a variety of methods including certain cryptocurrencies.

They offer free shipping of orders of $500 or higher.

David Hall Rare Coins
If you want a personal touch, consider David Hall Rare Coins, where you shop by talking to an agent directly. They sell gold and silver over the phone, including coins and bullion.

David Hall Rare Coins has a Trustpilot score of 2.9 out of 5.

BGASC (Buying Gold and Silver Coins)
BGASC has a wide selection of gold coins at low prices. They have a reputation for solid customer support and excellent shipping times.

Their return window is only 3 days, and their payment options are more limited than some of their competitors.

BGASC has a Trustpilot score of 4.8 out of 5.

Golden Eagle Coins
Gold Eagle Coins has a 45-year history in the business of dealing gold, with a good reputation online that has been proven over time.

They are reported to have strong customer service, have a wide selection of coins, and a generous 7-day return policy.

Gold Eagle Coins has a Trustpilot score of 4.5 out of 5.

Already have some gold jewelry? Check out our guide to the best places to sell jewelry to make some extra cash.

Is Investing in Gold a Good Idea?

While they're popular, stocks and crypto are some of the most volatile investments you can make.

That's where gold comes in. Here are a few reasons why you might want to consider investing in gold.

  1. It's limited in quantity.
    Because of its finite quantities, it's a hedge against the inflation of paper money. After all, central banks can always print more money, but there's a limited amount of gold on Earth.

  2. It's a more stable alternative to stock market investing.
    Precious metals like gold historically hold their value better during a recession in the market.

  3. You'll only owe taxes on your gains once you sell it. And even that can be avoided or mitigated by investing in gold through a self-directed IRA.

  4. Gold can be spent
    And it has been for thousands of years, by countries around the world, longer than any paper currency. It has many uses, as well. Try making a microchip or a necklace using chopped-up bits of dollar bills.

What Is a Gold Dealer

Gold dealers are trusted sources for buying gold. They may sell it in the form of coins, bullion, and even collectible pieces.

Many gold dealers are now online. They offer the ability to shop around the market, checking prices from multiple sellers, as well as how soon it can be delivered.

Gold dealers will often let you choose between receiving the gold yourself or keeping it safe in a vault, and, of course, they will buy gold as well should you decide to sell it.

How to Choose a Gold Dealer

In the gold dealing business, the best thing to look for is a good reputation. Consistently positive customer reviews should be a good indication that the dealer you're looking at is a respectable one. And the more reviews a dealer has, the better.

Make sure that any gold dealer you choose has physical offices or walk-in stores. If a dealer only lists a P.O. Box rather than an address, you should consider it a red flag.

They should have transparent pricing, ideally without commissions or extra fees, which you'll need to check for before you make any purchases. And since the price of gold changes from moment to moment, you'll want to be sure their prices are current.

Try to find a gold dealer with payment options that match your preferences. In general, you'll be able to pay via credit card, wire transfer, PayPal, check, money order—and sometimes even Bitcoin.

Certain payment methods, like credit cards, may incur a fee that you should watch out for.

And last, you'll want to know what their return and buyback policies are. It's normal to accept returns within three days of purchase, but look out for restocking fees. Since most good dealers will also buy gold back from you, look for their listed buyback prices.

Bottom Line

Investing in gold has never been easier, with a variety of options that cater to whatever type of buyer you happen to be.

You can buy coins or bullion, historical or collectible, and with several dealers offering price-match guarantees, there's no reason you can't get the best price possible.

If you want to save for retirement, consider a self-directed IRA, and if you're worried about the state of the stock market or inflation of your national currency, gold can be a safe place to store value.

Jeremy Harshman is a protector of art and writing at CreditDonkey, a personal finance comparison and reviews website. Write to Jeremy Harshman at jeremy.harshman@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.

Read Next:

How to Invest Money: Make Money Work for You

How to Invest Money

Best Places to Sell Jewelry

Places to Sell Jewelry

Best Places to Buy Bitcoin

Best Places to Buy Bitcoin

Best Cryptocurrency Exchange

Best Cryptocurrency Exchange

Best Crypto Interest Accounts

Crypto Savings Accounts

10 Smart Ways to Invest $1,000

10 Smart Ways to Invest $1,000


Investing

Best Time to Buy Crypto

Best Time to Buy Crypto

Masterworks Review

Masterworks Review

Best Trading Platform for Beginners

Best Trading Platform Beginners

Buy Bitcoin with PayPal

Buy Bitcoin with PayPal

Bitcoin Obituaries

Bitcoin Obituaries

Best Investment Accounts

Best Investment Accounts

Leave a comment about Best Places to Buy Gold Coins?



Investment Calculator

Investment Calculator

What will $10,000 be worth in 20 years? Find out how to calculate investment growth with this calculator, including what you'll earn in yearly interest.

About CreditDonkey
CreditDonkey is a personal finance comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

About Us | Reviews | Deals | Tips | Privacy | Do Not Sell My Info | Terms | Contact Us
(888) 483-4925 | 680 East Colorado Blvd, 2nd Floor | Pasadena, CA 91101
© 2021 CreditDonkey Inc. All Rights Reserved.