Buyer Beware: 4 Gold Coin Scams to Avoid [Infographic]

Remember Dennis the Menace movie? Mr. Wilson had a collection of gold coins which the thieves try to steal. If you are a collector yourself then probably this is not a great start of the post. However, since you are here after reading the title, I think you would want to read the rest. Traditional thieves may not be your biggest threat but your gold coins are vulnerable to more tricky scams today. If you are collecting coins only to add to your investment portfolio then you might want to think twice before investing since gold value does not appreciate the way it used to. Apart from that, in recent times, chances of fraud has increased many fold. Sure, hallmarks etc. have come into existence to prevent such things but counterfeiting has also advanced a lot. Do you plan on investing in gold coins? Here’s an infographic from the folks at Biltmore Lux about four scams you need to watch out for .

Submitted by Biltmore Lux | Infographic Source: www.biltmorelux.com

So do you think investing in gold coins is safe or do you think its a matter of hobby passion? Have you known someone getting ripped off in dealings involving gold coins? Tell us in your comments below. Don’t forget to subscribe to our newsletter for our monthly updates.

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Jeremy

Business Analyst and Local Business Marketer. Practical Brand Advisor. Co-founder & Admin at The Local Brand. Writes about marketing and investment. Motorcycle enthusiast and likes to travel.