Quick Start Checklist
- Choose a reputable dealer with A+ BBB history and strong verified reviews.
- Compare total cost (premium + payment fee + shipping), not just spot premium.
- Pay by wire/check when possible to reduce fees.
- Start with a small test order before scaling up.
- Store securely and keep purchase records.
Step 1: Pick the Right Dealer
Use this filter before placing your first order:
- 10+ years in business preferred
- Clear premium and shipping disclosure
- Insured, trackable shipping
- Buyback policy listed publicly
Recommended starter shortlist:
- JM Bullion
- APMEX
- SD Bullion
CTA: Compare trusted gold dealers
Step 2: Choose Product Type
- 1 oz government coins (Eagle, Maple): easiest resale, higher premiums
- 1 oz bars (PAMP/Valcambi): lower premium, still liquid
- Fractional gold (1/10, 1/4 oz): flexible but highest relative premiums
For first purchase, 1 oz products are usually the cleanest risk/reward.
Step 3: Understand Total Cost
Your true buy price = spot + premium + payment surcharge + shipping
Example:
- Spot: $2,050
- Premium: 4.5% ($92)
- Card fee: 4% ($82) or wire fee: 0%
- Shipping: $0 (if threshold met)
Card vs wire can swing your cost by $80+ per coin.
Step 4: Place Your Order Safely
- Use a secure network (no public Wi-Fi)
- Enable 2FA on dealer account
- Confirm exact SKU and quantity
- Save invoice + order confirmation
Step 5: Shipping, Delivery, and Verification
At delivery:
- Inspect package integrity
- Record unboxing for high-value orders
- Verify weight/dimensions with simple tools
- Store invoice separately from metal location
Common Mistakes to Avoid
- Chasing the absolute lowest listed premium without checking fees
- Buying collectible/numismatic products too early
- Ignoring storage planning
- Using credit card for large orders when wire discount exists
Best Payment Method by Goal
- Lowest cost: bank wire / check
- Fastest: card/ACH
- Best first-time balance: ACH
Where Should Beginners Buy First?
- If you want lowest cost: JM Bullion
- If you want broad selection/support: APMEX
- If you want silver-heavy stacking too: SD Bullion
Disclosure
We may earn a commission from partner links. Rankings are editorial and based on pricing, trust, and buying experience.