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5 CONSIDERATIONS IF YOU'RE BUYING GOLD COINS FOR FIRST TIME

If you are really quite anxious to buy gold coins in the UK and you do not have any prior experience, you should not ignore these 5 considerations. The document can help you get the right knowledge on several popular gold coins. Visit https://aibullion.co.uk/product-category/gold/gold-coins/ for details.

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5 CONSIDERATIONS IF YOU'RE BUYING GOLD COINS FOR FIRST TIME

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  1. 5 CONSIDERATIONS IF YOU'RE BUYING GOLD COINS FOR FIRST TIME

  2. There's something incredibly satisfying about buying gold coins as the possession of the metal is not possible for everyone. Buying gold coin gives you a solid feeling of security in a world buffeted by a global pandemic and recession. If you are buying gold coins for the first time, you must consider these 5 things given below.

  3. 1. Which is the best type of gold coin to buy? Commemorative coins are often considered as rare and valuable. Further, limited edition or historical coins are cost effective. Some of the popular gold coins in UK include 1 OZ Britannia Gold coin, 1/2 OZ Britannia Gold Coin, 1 OZ Australia Gold Kangaroo, 1 OZ Canada Gold Maple Leaf, 1 OZ South Africa Gold Krugerrand and to name a few.

  4. 2. How much do Britannia gold coins cost? These coins are literally worth their weight in gold! 1 OZ Britannia Gold coin costs about £1,554.67; 1/2 OZ Britannia at £870.40; and 1/4 OZ Britannia gold coin at just £453.57. All these coins are exempted from VAT and CGT. Many more facilities you can get when you buy them from a popular dealer whether directly at shop or online.

  5. 3. Where should I keep my gold coins? It is dangerous to walk freely with gold coins. So before you buy your first coin, you must think of the ways to keep it safe. Some dealers provide secure vault storage. Bank safety deposit boxes are also another alternative. Depending on the number of gold coins you have, you may prefer to hide them at home.

  6. 4. How easy is to sell Britannia gold coins if I desperately need cash? You can sell your Britannia gold coins whenever you want, usually at about 98% of the current spot price of gold. But you should do this with reputable dealer – preferably one who specialises in gold bullion. You may be able to get a higher price for your coins if you sell them privately instead of jewellers, but this involves risk, unless you personally know and trust the buyer.

  7. 5. What are the tax implications? If you are a British tax payer, you can easily sell gold Britannia coins without paying CGT on the profit, up to £12,000 a year. It is so because British gold coins are legal tender in the country. Again you must aware of it when you sell your coins to avoid being misled by third parties.

  8. Contact Us Our Contact Our Address +44 7947 853564 info@aibullion.co.uk 186 Ealing Rd, Wembley HA0 4QD, United Kingdom

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