Buying gold sovereigns can be a daunting experience for many people. Here is a guide on how to buy gold sovereigns online with confidence and peace of mind that you are getting a great price. First, it is important to know exactly what you are looking for – which will help determine how you look for them. Secondly, knowing where to look will increase your chances of finding what you are looking for. Finally, knowing your prices so that you get the best deal when buying gold sovereigns or any investment item means checking around multiple sources before making your purchase.
What to Look For When Buying Gold Sovereigns Online
1) Make sure that it is a gold sovereign and not a gold coin. The easiest way to check this is by checking for Saint George and the Dragon design on the reverse side of both sides, as well as the date (should be 1821 or 1922). You can also look at pictures online about what real gold sovereigns look like depending on when they were minted.
2) The weight of each coin should be 7.98g if it is .2354 Troy ounces of pure gold, which means 22-carat gold. Some will say 23 or 21 carats, which means those would have silver mixed in with them; however, these are less desirable.
3) The sovereigns should have either 1922 or 1923 on them. If these are not present, this means that you are most likely looking at a counterfeit coin.
4) Look at the quality of the coins – gold coins tend to be clear and shiny, while counterfeits can be too dark or dull in color.
Where to Look When Buying Gold Sovereigns Online
1) Official Government Sites: Many official government sites will sell gold sovereigns for sale online directly from their mint. An example is Royalmintbullion.com which is owned by the British Royal Mint, where they sell high-quality bullion coins both in proof condition as well as brilliant uncirculated condition (BU). However, many people will buy gold sovereigns in circulated conditions since they are, in general, older and more valuable in this state. As always, you can check prices online to get an idea of what the coins cost before buying them.
2) eBay: eBay is one of the best places to buy gold sovereigns because there are tons of sellers there who sell all kinds of coinage from many different countries, including pre-1922 Great Britain gold. You can find both circulated and uncirculated versions on eBay, but make sure that you read up about the seller (preferably with reviews available) so that you know how discreetly your purchase will be shipped. The best thing about eBay is that it allows for negotiation between buyers and sellers if you find that your price is too high, which is not something you can do on official government websites.
3) Precious metals exchanges: These are primarily for serious dealers and investors who intend to buy coins in bulk quantities. For more casual buyers, this may not be the best place to buy gold sovereigns because of their lack of variety in what they sell.
4) Coin shops: This is the last place where many people would look when buying gold sovereigns online, but there are many coin shops across the United States with pre-1922 Great Britain coins available at any time.
