Buy Gold and Silver Safely with Professional Gold Dealers

 


People often fall prey to fake gold and silver coins. They buy gold and silver coins that are minted with faux designs which look authentic. However, there are several tips to help you identify the finest gold and silver coins or bars so that you do not splurge your money on something counterfeit.

Without further ado, let us highlight some of the tips to help you overcome the shame of buying fake gold and silver coins:

Reputation: First and foremost, check the position of the dealer in the market. Go to the website, read the user feedback, get the reviews from the market, and then make a purchase. A genuine dealer will always provide you with an authentic product. Therefore, you must analyze the reputation of the dealer before buying anything valuable.


Determine the weight: You must check the importance of the product you plan to buy. You can also bring your digital scale to the shop to determine the weight of the coin. A typical 24-karat one-ounce sovereign coin should feel heavy. A whole maple coin made of 22-karat gold should also feel dense. If you think the coin is lighter than the actual weight, you should be averse to your decision to buy a currency from that shop.

Check the diameter and thickness: You must check if the gold and silver coins you plan to buy have standard dimensions. You can look up an official mint site to analyze the diameter thickness. It is seen that fake gold coins are somewhat larger or thicker. Hence, they become undetectable as fake. However, you can bring a set of calipers to the shop for measuring the coin’s diameter.

Price: The reputed gold dealers sell gold bullion at 1.5% to 10% over the gold spot price. However, if you find gold on sale at a lower price, chances are they are selling fake gold.

Quality: Though there is not a sure way to assess the quality of gold and silver coin. Nevertheless, you can look up to the following signs to determine if the quality of the gold and silver coin is compromised:



They are forgery if they are too large, small, and light, mottled, or have imperfect print.

You cannot make a hasty decision to buy something valuable. Therefore, make an informed decision and buy gold and silver coins only at a reputable shop. Conduct your research, analyze and get feedback from the customers to reach out to a trustworthy shop. Buy Gold and Silver Canada from a reliable dealer at 24 Gold Group Ltd. and make your investment worthwhile.

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