How To Buy Gold Coins From Post Office? (2024 Guide)
This article has been reviewed and updated for 2024.
Whether you’re an experienced investor, wanting to diversify your portfolio, or you’re a budding investor, wishing to dip your toe in the world of precious metals, there couldn’t be a better time to invest in gold bullion. Gold coins offer a steadfast, consistently high-value option that will help spread the risk from your other assets, safeguarding your wealth. To help you get started, we’re going to take a look at how to buy gold coins from post offices.
How to Buy Gold Coins from Post Offices?
During your initial research, you may have noticed that some post offices sell various gold coins. Indeed, the Post Office has a partnership with The Royal Mint that facilitates the sale of silver and gold coins.
Many of these collectable coins are beautifully designed to commemorate momentous occasions. For instance, many of these coins are created to mark royal birthdays and anniversaries, military victories, and major technological achievements. One can also find coins that celebrate national treasures, iconic musicians, legendary literary characters, and popular film franchises.
Whilst these superbly crafted coins are a sight to behold, they do not hold the same value as gold bullion. Collectable coins may gain numismatic value over time if they are sought after by collectors. Conversely, the value of a bullion coin is based solely on its gold content.
To be considered an investment-grade coin, it must be 24-carat. This means it must be between 99.5% and 99.99% pure gold. Therefore, if you wish to buy post office coins for investment purposes, you will need to ensure you are purchasing gold bullion and not collectable coins.
Also read: Where to buy gold coins?
Finding a Stockist
Now that we know the difference between collectable gold coins and gold bullion coins, let’s talk about how to buy gold coins from post offices for investment purposes. Whilst post offices mainly sell collectable or semi-numismatic coins, some also sell gold bullion minted by The Royal Mint. The list of post offices that offer this service is short, but you can find it here.
It is worth noting that you are somewhat limited when buying gold by post, because post offices will only stock coins that have been minted by The Royal Mint. Even then, the choice will differ from post office to post office, so you may be limited further. The Royal Mint only produces the following bullion coins:
- British Gold Britannia
- British Gold Sovereign
- Robin Hood Gold Bullion
- Maid Marian Gold Bullion
- British Gold The Queen’s Beasts
Whilst these coins are well-known worldwide, the post office is not the best option for you if you’re hoping to invest in coins minted overseas. For instance, you will not find the highly sought-after Canadian Maple Leaf or American Eagle coins in the post office.
When you have located a stockist near you, the next step will be to make contact with them. As individual post offices don’t advertise their bullion stock online, and the selection will differ from stockist to stockist, we recommend calling before paying a visit in person. This will help save time in case they do not stock the particular gold coins that you hope to purchase.
Ready to Buy Gold Coins?
Whilst participating post offices will stock a small selection of gold coins, it may not be the best option if you are hoping to purchase gold coins for investment purposes. As post offices generally stock bullion for gifting purposes, premiums can be quite high. Therefore, purchasing a large number of gold coins will be quite costly, and you may end up paying far more than what the coins are actually worth. For this reason, and for added convenience, we suggest sourcing your bullion from a dedicated gold dealer.
Here at GoldCore, we stock an extensive range of gold coins from all over the world. You can browse this entire selection at your leisure, no need to call in advance or make an appointment. In addition, we offer incredibly competitive prices and low premiums. Therefore, you can get more gold for your money. We have operated as dedicated gold dealers for almost 20 years, and our experts are always at hand to help.
When you’re ready to place an order, simply create your personal trading account using our straightforward online process. You can invest in gold coins with no more than a few clicks of your mouse. Need some assistance? We offer all clients a free strategy consultation to help you get started. You can schedule an appointment here or simply call our office on: Ireland +(01) 653 3426, UK +44203 0869200, US +1 888 381 8130.
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