Posts Tagged ‘coins’

Coin Collecting Secrets: Short History of U.S. Gold Coins

Gold has always fascinated us humans, and gold is the oldest known metal. Gold coins are concentrated wealth. Read this brief history of U.S. gold coins.

Production of gold coins in the United States began as early as 1795 — not long after the Independence. The coins were minted in low numbers however, since gold was in short supply then. For example, before 1834 the highest yearly mintage of $2.50 gold pieces was 6,812 coins.

Prior to 1849, the highest denomination produced was $10, and a ten dollar gold coin was known as an "Eagle". But as we all know, something happened in 1849: the Great Gold Rush!

Gold was found in California that year, and many thousands of people went there hoping to get rich. Then as now, the best way to strike it rich was actually to sell tools and supplies to a hungry crowd, ie. the miners.

In any case, enormous quantities of gold were recovered, and much of that gold was later used to strike coins. Since transporting the gold all the way to the U.S. Mint in Philadelphia was both unsafe and inconvenient, a branch of the U.S. Mint was opened in San Francisco; and now the very first 20-dollar gold pieces were also struck. They appeared on the market in 1850.

Another new gold denomination was the $1 coin. This coin was minted from 1849 to 1889; it was impopular due to its small size. You don’t like it when a valuable coin gets lost! Back in those days, a dollar could be more than a day’s income for a worker.

For many years in the mid-to-late 1800s, a postage stamp cost three cents, or you could spend $3 for a sheet with 100 stamps. To make such transactions easier, a three dollar gold coin was minted, beginning in 1854 and coming to an end in 1889 (maybe the price of those stamps increased that year?).

Some of the most well-known U.S. gold coins are those designed by the famous artist Augustus Saint-Gaudens. Commissioned by President Theodore Roosevelt, he completely re-designed the looks of the $10 and $20 gold pieces.

These Saint-Gaudens gold coins, which are coin collecting favorites, were minted from 1907 to 1933; and especially the 20-dollar gold coin is famous. It is known as the “Saint-Gaudens $20 gold piece”, and the series of this coin includes one of the most rare and expensive of all U.S. coins ever produced — the 1933 $20 gold piece.

Millions of this gold coin were minted, but before they were ever distributed the President decided to withdraw all minted gold from the market. Therefore, the whole issue of 20-dollar gold coins from 1933 was destroyed. Only a few specimens survived, and one of these survivors was sold a couple of years ago in an auction to an anonymous coin collector for over seven million dollars!

So if you ever find a 20-dollar gold coin from 1933 -- consider yourself very lucky indeed.

Basics of investing in gold

Investing in gold coins is a great way to put your assets in a secure location. Once you understand how to buy gold bullion, this information will help you to secure your wealth and assets. Gold bullion is a stable and smart investment commodity.

When just starting out, it’s good to invest in gold bullion coins. Coins are not overly large and difficult to hide, plus you can get them for good prices.

Nearly all the countries in the world mint their own gold coins and make them available to the general population for purchase. They usually come in 1 ounce sizes. Coins aren’t just attractive because of the gold, they are also collectible which adds to their value. Canadian Maple Leaf coins are extremely popular due to the fact they are pure gold, but there are many equally valuable gold coins you could choose to buy.

To begin your search for gold coins, check out online auctions like Ebay which will tell you the popularity, availability, and market value of any given coin. Making a purchase of Canadian Maple Leaf coins hassle free and securely. Look at what the majority of the auctions are ending at to get a good idea for the market value of a particular coin. How many bids is a good factor for how popular it is, and how many auctions gives you an idea of how rare a coin might be. Ebay is a great place to buy gold as all your purchases are backed and insured by Paypal and Ebay itself.

You aren’t just investing in spot gold with a gold coin, you are investing in a collectible that is highly in demand by many buyers. Just remember that your reason for entering this world is to invest in gold, not start a new hobby. Taking control of your assets is the wisest choice you could make during a recession. It doesn’t take a genius to see the consequences of letting others deal in money that they hold no accountability for. Making a gold coin investment is a solid move to take control of your financial state and hedge it in a secure commodity.

Buying Gold Coins

A great investment is learning how to buy gold coins. Gold bullion is an excellent commodity to invest in. As fiat money crashes like the house of cards it is, your gold provides the security you need. While paper money can hold value, it devalues quickly and is not internationally recognized. The only currency that has stood the test of time is gold. Gold bullion is easily the most attractive commodity on the planet. Empires have been built and toppled on little more than gold. As a safe haven investment, gold is where the savvy investors turn to during turbulent markets. This should tell your something, the best way to protect your assets and recession proof your wealth is to invest in gold bullion. You can’t go wrong buying the Canadian Gold Maple Leaf.

Look at these reasons to see why a Maple Leaf is a good choice for a gold coin:

1) For thousands of years gold has been a yardstick by which wealth was measured. Never in all of history has gold lost its worth completely.

2) Coins are easily bought, stored, and transported. This is one of the simplest, yet effective forms of wealth preservation that exist in the world today.

3) Since gold is the original money, it is easily purchased or sold on the free market. There is always a market for gold coins, especially popular ones like the Maple Leaf. So owning Maple Leafs not only preserves your wealth, but keeps it very liquid.

4) The volume to value ratio is very high with gold coins, making them a good commodity. They are thus easily stored and transported. Gold is accessible to everybody.

5) The process for investing in gold is pretty painless. The concept of gold as a secure safe haven investment is obvious. Gold Maple Leafs are easily confirmed. Highly collectable gold coins are worth more than the spot price of gold on the market.

Even though the markets are in turmoil, learning how to buy gold coins is always good because gold coins a safe haven investment. While everybody else plays with paper, gold is the actual standard. Your money is your busines, don’t trust others to manage it for you. Take the reigns of your investment portfolio and put your assets where they will be safe: gold bullion.

The Gold Krugerrand Coin

One of the safest investments out there is investing in gold coins. A solid investment is gold bullion, it is a sound asset to add to your portfolio. Fiat money has no real basis, gold is your protection against that. There are many kinds of investments, and they all hold merit, but gold is a solid consistent value. The only currency that has stood the test of time is gold. Gold jewelry and artifacts prove that it has always held value. Empires have been built and toppled on little more than gold. Gold as a commodity only rises in value during bear economies. To truly recession-proof your investments, put your assets in physical gold. A great gold coin to invest in is the gold Krugerrand.

There are many reasons why buying Krugerrands are a good choice, let’s look at a few:

1) Gold is the standard by which all the worlds moneys are measured. The world may go bankrupt, but gold will always hold its sparkle.

2) Physial gold is the most secure investment, gold coins are the easiest way to buy it. This is one of the simplest, yet effective forms of wealth preservation that exist in the world today.

3) There aren’t many more liquid assets than gold, it is the original money. Moving a gold Krugerrand is quick and easy since it is highly collectable. Gold coins like Krugerrands are great to protect your assets, and also easily liquidated in times of need.

4) Gold coins are small with the traditional Krugerrand only weighing 1 oz. You can carry all your investment in your briefcase this way. Gold is accessible to everybody.

5) It doesn’t get much more simple then buying gold coins. Everybody can understand why gold is the best commodity to invest in. The authenticity of a gold Krugerrand is easily verified. It doesn’t get much easier to see how much your gold is worth than checking the spot price.

As the worlds economy spins downward, gold coins is a safe haven investment. Many will try to convince you to buy a gold ETF, which is essentially buying stock in somebody elses company. Letting others manage our wealth for us has resulted in this current crisis. Be your own boss and invest in gold.

Is Buying Gold Now Smart?

A smart investor really should understand the basics of buying gold bullion for security. Predictions are flying left and right about when and how this economy will right itself and if the bailouts will work. It could be an astounding success with General Motors and the banks. The worst case scenario is that everything fails and countries get pushed even further into debt. Simply put, there is no way to tell. Essentially, no one person understands how the world economy works. The only thing we can do is look at what may or may not happen and plan accordingly. There are some things, on the other hand, that don’t take a genius to figure out.

While the future may be uncertain, there is one thing that is secure. Gold has always been, and will always be a safe haven investment. No matter what happens in the economy, right now is the time to start investing in gold.

This is the modern gold rush, only we aren’t panning for it, we are pining for it. Here’s a couple reasons why:

1) Formerly secure currencies like the U.S. dollar are facing serious problems, while reserve currencies are consistently devaluing, gold is increasing in value steadily.

2) The world financial institutes demand their debts with each other be payed in nothing less than physical gold bullion, what do they know that we don’t?

Essentially, when times get tough, the tough buy gold. Trillions of dollars don’t just create themselves out of thin air. Well actually they do, and that’s going to have repercussions. For those who have put their assets in secure and safe havens, there is much less to worry about. If the world banks keep their true assets in gold, it stands to reason that we should too.

It is undeniable that the top financial advisors have been actively promoting buying gold now before the price rises much higher. Predictions that, if they are even half true, cannot be ignored. A good place to start is buying gold Canadian coins which are some of the most valuable coins to own. By the end of this year gold is said to reach over one thousand dollars an OZ, and that this isn’t even half of what it could peak at very soon.

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