5 More Ways to Avoid Scams When Buying Gold Online

There aren’t many things that have changed the way we live more than the internet. We use it to meet people and connect to them, we have access to astonishing amounts of information, and we have the means to buy basically anything. That includes rare valuable coins, but there’s a risk of being scammed.

Not to worry, because we’ve got 5 more ways to keep your cash safe when you buy rare coins online.

  1. Everybody needs to earn a living, and your gold dealer is no exception. But when you buy online, there are fees and markups related to your purchase. A reputable company will tell you everything about fees up front. If the company you’re looking at won’t give you information, or tries a bait and switch, walk away.

  2. There are gold dealers out there that provide discounts for buying in bulk. For first time buyers, a wise move is to start small with your purchases. This keeps your risk low, and it gives you a chance to test the waters.

  3. Reputable dealers will offer a buyback policy as a sign of trustworthiness. Along with that, they will also offer a reasonable period to inspect the merchandise and ensure that the purchase value is accurate.

  4. A worthwhile dealer will offer you a way to deliver gold coins by an insured delivery method. They will also provide storage, and prove it through proper documentation.

  5. Ultimately, do your research. Scam artists can pull a fast one on anybody, but most of the time they’ll go for people who are a little greedy, a little scared, and don’t ask too many questions. Decent companies will welcome your questions, and won’t pressure you with shady sales tactics.