Gold Coin Prices Decrease

George Hornberger By George Hornberger, 12th May 2014 | Follow this author | RSS Feed | Short URL
Posted in Wikinut>Money>Shopping

Numismatic U.S. Mint gold coin prices have recently decreased due to a decline in gold metal prices, and you can purchase gold coins from a coin store in Florida such as South Florida Coins if gold prices are more favorable to you. The decline in prices follows an increase in gold coin prices earlier in April. A coin store in FL can give you detailed information on how the price decrease has affected the cost of gold coins locally if you are interested in buying.

Prices for gold coin products at coin stores may decrease

Prices at your local coin store in Florida are likely to have decreased for items such as gold coins, including newly released series such as the recent 2014 Proof Gold Eagles. Sales rates at a local coin store may or may not be affected with the price decrease, because many collectors and investors will time their purchases before expected price fluctuations. However, a coin store may offer reduced prices for particular gold coins, and the price differences will vary from one coin store in FL to another.

Gold investors need to be aware of price increases and decreases

Gold investors who are looking to purchase or sell their gold coins at any coin store need to be aware of price fluctuations. Price fluctuations can affect how much of a return that investors get, and before an investor purchases bullion or a rare gold coin at a coin store in Florida, they should make an informed decision based on recent market trends and the expected increase in price.

The cost per ounce of metals should also be taken into account

Investors also need to consider the cost per ounce of precious metals before purchasing or selling their coins. Generally, as the cost per ounce of precious metals change, so do the prices for numismatic U.S. Mint gold coins and other precious metal coins. The average price of gold decreased to the $1,250 to $1,299.99 per ounce range, and gold products like coins had their prices reduced approximately $50 per ounce. By following trends in metal prices, which fluctuate quickly, investors can time gold or other precious metal investment sales. Also it should be noted that gold bullion prices from a coin store will always trade at a premium over the spot price per ounce of gold, because they are minted.

Gold bullion coins will trade anywhere from 3 to 15 percent over spot prices

Investors can expect that gold bullion will trade anywhere from 3 to 15 percent over spot prices at a coin store in Florida, depending on the type of coin and the volume of coins being purchased. As U.S. Mint gold coin prices decline, bullion coins that can be purchased at a coin store will also generally decline in price. If you are interested in more information about how the recent decline in U.S. Mint gold coins has affected the price of gold coins, contact South Florida Coins and Jewelry today at SouthFloridaCoins(dot)com.


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