A gold coin buyer is the most important part of the chain of gold coin collecting. Buyers will purchased their coins from many different places, so that they can be sold to investors and collectors. Gold coin dealers will handle the sale of collections. These dealers are certified as professionals in the field of assessing and collecting gold coins. They have a high level of expertise that is the result of years of study of gold coins, and it is from this expertise that they make a living.

Gold coin buyers obtain their coins from numerous sources. They can buy gold coins from the U.S. Mint, from coin and/or estate auctions and occasionally from importing them from countries outside the United States. But, their favorite sources are coin collectors. Buyers are in contact with many collectors in the course of their business dealings. Many times, these collectors have more than one of the same coin and they will get rid of the lower quality coins as they upgrade their collections.

Most of the U.S. gold coin dealers do their business within the country, but there are a number of veteran dealers who can export gold coins overseas with proper licenses and paperwork.

The gold coin buyers will only purchase coins for resale when they are sure of the authenticity of the coin. They must be sure about the value of the gold coin since they don't want to incur a loss if the coin is found to be counterfeit. Many times, gold coin dealers will offer their know-how for a fee. A gold coin collector can have his or her collection evaluated by a dealer when he or she wants to know what the collection is worth, monetarily.

Aside from this, numerous gold coin dealers can operate as brokers for certain people who would like to sell their gold coin collection but only want it to be sold to another gold coin collector. This mainly happens when a collector forms a sort of sentimental connection to his collection. The mind set here is that someone who is a collector will take the proper care of the collection being sold.

In addition, a number of gold coin dealers are known to help people get loans from various sources with the gold coin collection being held as collateral. Gold coin dealers can come in handy for anyone regardless of whether he is a gold coin collector or just interested in gold as a hedge against inflation.