Atlanta Gold & Coin Buyers buys and sells gold coins and bullion in the form of gold bars and rounds, promising our clients fair, transparent, and trustworthy services. We offer some of the most competitive rates in the industry. We’ll agree to lock in prices for same-day transactions, giving you ample time to make an informed decision. Learn more about gold bullion so that you’re well informed when the time comes to buy or sell gold.
What Is Gold Bullion?
Gold bullion is pure gold (24k) produced by private producers or manufacturers in the form of gold bars, rounds, and ingots. Gold bars are the most widely produced gold bullion and can range in size from 1 gram to 400 ounces; although, sizes in excess of a kilogram are typically only traded by institutional investors. One oz gold bars are the most common size of gold bullion traded in the retail market.
Who Produces Gold Bullion?
Gold bullion is produced by private mints as opposed to government/sovereign mints, with only a couple of exceptions. Some of the most recognized producers of gold bullion in the industry are Pamp Suisse, Credit Suisse, Royal Canadian Mint, Perth Mint, Heraeus, and Valcambi, to name a few. Purchasing gold bars from producers with an established track record, such as LBMA-approved refineries, reduces the chances of acquiring a counterfeit gold bar.
How to Avoid Purchasing Counterfeit Gold Bullion
In addition to limiting your purchases to brand name bars, we recommend that you only purchase gold bullion from reputable and experienced gold coin and bullion dealers. These dealers have the necessary tools to authenticate gold bullion and are able to recognize any inconsistencies with gold bars. While not foolproof, purchasing gold bars that are sealed with an assay card/certificate also helps to reduce the chances of purchasing counterfeit items. Furthermore, new anti-counterfeiting measures, such as QR codes, are being introduced to the marketplace to help eliminate fraud.
What Makes Gold Bullion a Good Investment?
Gold bullion is a good investment for individuals who want to diversify. It typically trades slightly below the price of gold coins, as it’s privately produced, as opposed to government minted and can be acquired by dealers at a lower premium than gold coins. This can make for a more cost-effective approach to investing in gold. On the other hand, gold bars are slightly less popular than gold coins and may not be quite as liquid when the time comes to sell them.
How to Determine the Value of Gold
The spot price of gold, which can be found on our homepage, provides the price of gold per troy ounce. A troy ounce differs from a standard ounce in that it contains 31.1 grams as opposed to 28 grams. Gold trades 23 hours a day from Sunday evening at 6:00 p.m. through Friday afternoon at 5:00 p.m. ET, closing from 5:00 p.m. to 6:00 p.m. The market is closed on Saturdays. Most gold coin and bullion dealers will only trade while the market is actively open from 9:00 a.m. to 5:00 p.m., as after-hours trading tends to be illiquid and volatile.
Factors that Affect the Value of Gold Bullion
Gold bullion closely follows the spot price of gold. Sealed 1 oz gold bars with assay cards from brand name mints typically trade at higher rates than raw, fractional, and gold bars from lesser-known producers. When selling gold bars, you can expect to receive a rate slightly below the spot price of gold. When buying, expect to pay a premium slightly above the spot price. The buy/sell spread is the commission/fee that the gold dealer receives for their services. Prices and rates will vary based on the spot price of gold and current supply and demand in the marketplace.
How to Buy or Sell Gold Coins Online
Atlanta Gold & Coin Buyers always publishes our current gold buying rates online. These rates apply to gold bullion, bars, ingots, and coins. Upon accepting our offer, you will receive your payment on the spot. Please feel free to utilize our convenient automated selling tool, or you can easily and safely send in your gold for an appraisal by mail. If you are ready to receive cash for your gold, contact us today at 404-236-9744 to get started with your free, no-obligation appraisal.