Gold $2,362.98 -0.85%
Silver $28.78 -1.58%
Platinum $1,050.20 -4.09%
Palladium $994.09 -2.46%
McGruff Gold Dealers Pennsylvania Philadelphia

Buy Gold Online in Philadelphia, Pennsylvania

Philadelphia is home to one of the four mints where precious metal coins are produced in the United States. It also hosts the Philadelphia Stock Exchange, the oldest stock exchange in the U.S., where dozens of precious metal mining companies are traded. Many historical sites in Philadelphia are also featured on some infamous gold bullions like the Gold Liberty and Independence Hall coins.

The former U.S. capital is a popular place to invest in precious metals. Most often, residents invest in gold to grow their wealth long-term. However, investors also buy silver, platinum, and palladium to diversify their portfolios.

For centuries, gold investing has been an effective way for people to protect against market volatility and grow their wealth. Below, you’ll find a short guide to buying gold online and investment opportunities in Philadelphia.

Types of Precious Metals Investments

The value of gold has been growing steadily for decades and has been relatively stable even during tumultuous economic times. This is why it makes it an attractive option for long-term investments. If you want to buy gold, these are some of the products you should consider:

Buy Gold Coins

These are coins almost entirely made of gold that carry an aesthetic and historical value. Most gold coins minted after 1800 contain about 90% to 92% gold, while newer ones hold about 99.9% gold. The gold coin price is usually determined by its weight and gold content, but sometimes it may cost more than its face value because of its rarity, scarcity, design elements, and demand. Typical gold coins weigh anything between a few grams to a few ounces.

Buy Gold Bars

Gold bars are cast or minted items that have high purity standards and are another common type of gold investment. When buying gold bars, you should know that they contain 99.9% gold and are mainly priced based on the precious metal content. They may weigh from one gram to about 400 ounces. Gold bars are made by recognized bar manufacturers and come with a certificate of authenticity, as well as their purity and weight inscribed on them.

Open a Gold IRA

While you can still buy gold coins and bars online, you can also establish a gold IRA simultaneously. A gold IRA investment functions just like a traditional IRA. But unlike a regular IRA fund, a gold IRA allows you to include gold bullion.

Invest in a Gold IRA in Philadelphia

Opening a gold IRA in Philadelphia takes less time and energy than you might imagine. Many dealers will also allow you to open a gold IRA online, making the process more accessible.

First, you need to open the IRA by signing an agreement with the precious metal dealer.

A company representative will usually help you through this process. Next, you can roll over your funds from an already existing account, usually without tax consequences. But be careful to complete the transfer process within 60 days to avoid paying early withdrawal penalties.

These are the eligible retirement accounts you can transfer your funds from:

Traditional IRA
Roth IRA
401(k)
403(b)
457(b)
SEP IRA
SIMPLE IRA
Thrift Savings Plan (TSP)
Finally, you can start purchasing gold products and add them to your gold IRA.

Buy Gold and Silver Coins, Bars, and Bullions Online in Philadelphia

Popular gold coins:
U.S. American Eagle
U.S. Saint-Gaudens Double Eagle
New Zealand Liberty
New Zealand Independence
Australian Phoenix
Australian Turtle
Canadian Maple Leaf
American Buffalo
British Sovereign
British Britannia
Popular gold bars:
Credit-Suisse
ScotiaMocatta
Perth Mint
Sunshine Minting
UBS
PAMP Suisse
Engelhard
Johnson-Matthey

Gold Buying Guide by State

Click on your state to learn more about investing in gold, silver, and other precious metals in your area.
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McGruff.com is not an agent or representative of any gold company or institution, and does not make any decisions about gold. The precious metal market has inherent risks. You should consult with a financial advisor before making any decisions. Submitting your information on this website does not mean that you will be approved for gold exchange. McGruff.com does not endorse any specific company. You should research all available gold exchange options for your situation. For questions about your gold exchange, please contact the gold company directly.
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