Question by The Shoe In Your Face: How do you go about purchasing gold coins?
The treasury website offers 1oz gold coins for sale.
Gold dealers tell me that the treasury sells only something called "proof" coins which are more expensive.
Can anyone help with this confusion?
Jim Crow. What the heel are you talking about?
Best answer:
Answer by I. B. Zoxx
It depends a bit on why you are buying gold coins. Proof coins are more expensive because they are intended as collectibles. The regular "business strike" coins are intended primarily as bullion.
If you are buying bullion and don't care about the collectible aspect, most coin dealers will sell you Krugerrands, Canadian Maple Leafs, or US Eagles, all of which contain one Troy ounce of gold and sell for slightly more than the gold spot price.
Here is one major bullion dealer's current price list, to give you an idea of what is available and at what price:
https://online.kitco.com/bullion/completelist.html
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