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Personal Finance and Investing

mitch96

(14,651 posts) Mon Oct 3, 2022, 11:06 AM Oct 2022

0

Anybody have experience buying gold bars (-1 oz) in Florida? I would like to do it Face2face.nt

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Anybody have experience buying gold bars (-1 oz) in Florida? I would like to do it Face2face.nt (Original Post) mitch96 Oct 2022 OP

Buy a good test kit, scale and carry a gun. multigraincracker Oct 2022 #1

"go to a reputable dealer"... that's what I'm looking for. Do you know of one in Florida?..nt mitch96 Oct 2022 #2

No, but I've found them in Ohio and Michigan. multigraincracker Oct 2022 #3

I would prefer bullion type coins over bars. multigraincracker Oct 2022 #4

Go to a LOCAL coin dealer... ret5hd Oct 2022 #5

Many pawn shops stock gold coins...Canadian Maple leafs... brush Oct 2022 #6

Only these. Sneederbunk Oct 2022 #7

Reputable dealer Turbineguy Oct 2022 #8

10-4 mitch96 Oct 2022 #9

multigraincracker

(34,069 posts)

1. Buy a good test kit, scale and carry a gun.

Reply to mitch96 (Original post)

Mon Oct 3, 2022, 11:13 AM

Oct 2022

Or, you could go to a reputable dealer that post current spot price and his percentage over, that he sells for.

mitch96

(14,651 posts)

2. "go to a reputable dealer"... that's what I'm looking for. Do you know of one in Florida?..nt

Reply to multigraincracker (Reply #1)

Mon Oct 3, 2022, 11:17 AM

Oct 2022

multigraincracker

(34,069 posts)

3. No, but I've found them in Ohio and Michigan.

Reply to mitch96 (Reply #2)

Mon Oct 3, 2022, 11:24 AM

Oct 2022

I just ask what they sell for over spot at long time in business coin shops. You can even call around and ask on the phone.

multigraincracker

(34,069 posts)

4. I would prefer bullion type coins over bars.

Reply to mitch96 (Reply #2)

Mon Oct 3, 2022, 11:25 AM

Oct 2022

They are easier to sell later.

ret5hd

(21,320 posts)

5. Go to a LOCAL coin dealer...

Reply to mitch96 (Reply #2)

Mon Oct 3, 2022, 11:31 AM

Oct 2022

larger the better, but local (not a chain like those “cash-for-gold” places. If you know any coin collectors ask them who is best. Stay away from jewelry places that might also sell gold.

Buy by the weight, don’t pay extra for a recent-issue coin. Ask what is the cheapest you can get an ounce for. Bullion is cheapest, but you might want to stay with government minted coins.

Been a few years since I bought any, but expect to pay $50 - $100/oz over spot price. You can look at spot price at kitco.com or 321gold.com.

If you got some spare change after buying gold, buy a bit of silver also.

brush

(57,471 posts)

6. Many pawn shops stock gold coins...Canadian Maple leafs...

Reply to mitch96 (Original post)

Mon Oct 3, 2022, 11:44 AM

Oct 2022

American Golden Eagles and others in 1 oz and half ozs even. Check online for the spot price of 1 oz of gold before picking a pawn shop.

Sneederbunk

(15,094 posts)

7. Only these.

Reply to mitch96 (Original post)

Mon Oct 3, 2022, 12:21 PM

Oct 2022

https://images.app.goo.gl/Bzpmk1nWxLNAe2kRA

Turbineguy

(38,372 posts)

8. Reputable dealer

Reply to mitch96 (Original post)

Mon Oct 3, 2022, 12:51 PM

Oct 2022

Last edited Mon Oct 3, 2022, 03:34 PM - Edit history (1)

Anybody on the "Maggot Mile" in Boca Raton is somebody to stay away from.

mitch96

(14,651 posts)

9. 10-4

Reply to Turbineguy (Reply #8)

Mon Oct 3, 2022, 02:58 PM

Oct 2022

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