It can seem a bit confusing when a beginner starts to look for gold coins to start investing in gold, but don’t worry this article will attempt to explain how a beginner should go about finding the right coin for his or her investment needs. If you stick to a few basic principles when buying gold coins, then you’ll be fine.

The process to find the best coin includes first finding which coin, second finding a reputable coin dealer, and third thinking about storage for the coins.

First, find the right coin can be a bit daunting, there are literally 45 mints around the world producing gold coins. Even with all these options, the beginner need not worry about all those coins from each mint. The prudent beginner will choose to focus on only the best few coins. Right now, the best option for beginners is both the American Gold Eagle because of the guarantee from the U.S. mint as well as the number of investors worldwide buying and selling the gold eagles. The American Gold Eagle can be easily bought and sold on-line and off, therefore investors limit the liquidity risk associated with other more exotic coins.

Second, after you’ve chosen which coin, hopefully its the American Gold Eagle, the next step is finding a reputable coin dealer. Reputable just means finding someone who has been in the business a while, has all contact information listed, and doesn’t have complaints against the dealer. All the reputable dealers will show on their website how long they’ve been in business. If you don’t see a number of years, then it’s time to find someone else. A reputable dealer will also have all his or her contact information listed in case the order does go wrong. A reputable dealers won’t have a ton of complaints against the dealer. Type the name of the dealer in an Internet search to see if any bloggers have reviews or complaints of the dealer.

Third, when you find the right dealer, it’s time to buy, and then think about where you’re going to store this new investment. Some investors will suggest using a personal safe, while other will suggest using a safety deposit box at a local bank. It really doesn’t matter so long as the coins are in a lock-able safe stored out of sight. It would also be prudent to see if your homeowners insurance will cover the value of your coin collection. If you can insure them, do so, it’s worth it.

That’s about all the information you need to know for buying gold coins as a beginner. Now as soon as you buy your first coin you’ll then become a true investor.