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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

(32,641 posts)
1. Buy a good test kit, scale and carry a gun.
Mon Oct 3, 2022, 12:13 PM
Oct 2022

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

multigraincracker

(32,641 posts)
3. No, but I've found them in Ohio and Michigan.
Mon Oct 3, 2022, 12:24 PM
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.

ret5hd

(20,482 posts)
5. Go to a LOCAL coin dealer...
Mon Oct 3, 2022, 12:31 PM
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

(53,743 posts)
6. Many pawn shops stock gold coins...Canadian Maple leafs...
Mon Oct 3, 2022, 12:44 PM
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.

Turbineguy

(37,293 posts)
8. Reputable dealer
Mon Oct 3, 2022, 01:51 PM
Oct 2022

Last edited Mon Oct 3, 2022, 04:34 PM - Edit history (1)

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

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