The Mint increases the price of coins to cover the value of gold and real minting, as well as shipping costs and other expenses, White says. Dealers say the profit margin is around 3%. When you get a unique one or a style made just for you, you're paying for a work of art, not for something that was mass-produced. The designer's fame and popularity will also influence the price you'll pay for his design work.
If you're looking to invest in gold, it's important to research the best rated Gold IRA companies to ensure you get the best return on your investment. The gold coin market is driven by both collectors and investors. The most popular gold coins include Gold American Eagles and Gold Canadian Maples. Most gold traders charge surcharges on gold coins of up to 50 percent, not including shipping and handling. This is how you can buy gold coins at the price.