How to Buy Gold Bullion Coins
December 19, 2008
One of the first things you need to know about buying gold is what do you specifically have in mind. Do you want a 1 Gram Troy Ounce 999.9/1000 24 Karats Pure Gold Bar or The St. Gaudens $20 Double Eagle gold coin? Each of these is different to particular types of investors and collectors. Get familiar with the details and specifications of gold.
Once you have done some research on the different types of gold to buy you will find that the most common form of gold bullion are the one troy ounce gold coins. The most frequently sought after coins are the American Eagle, the American Buffalo, the Canadian Maple Leaf, the South African Kruggerand, the Australian Philharmonic, the Mexican Pesos, and the Chinese Panda.
Gold coins are graded as with any item of value is graded. Whether it is diamonds, real estate, or automobiles. Gold coins have the Very Fine (VF), the Extra Fine (XF), and the Almost Uncirculated (AU). These coins have slight wear, but to the untrained eye they don't appear to have any wear at all. They usually are in beautiful condition. The real rare, high Mint State (MS) are for collectors only, not for people looking for wealth preservation. So be sure to know if you are a gold coin collector or investor. You could pay a hefty premium for these grades of coins.
Double Eagle Gold Coin
October 2, 2008
During the time that the Double Eagle Gold Coin was being minted in the USA there have two major versions along with six minor deviations of it produced. The main two versions are the Liberty Head or Coronet which was minted between 1849 and 1907 and the Saint Gaudens which was minted between 1907 and 1933.
But for the Liberty version of this gold coin there have been 3 different versions of it minted and these are as follows:-
1. Liberty Head with no motto but with a value on it of "Twenty D." and was produced between 1849 and 1866.
2. The Liberty Head with a motto and its value again showing as "Twenty D." and this one was minted from 1866 until 1876.
3. The final version of the Liberty Head gold coin to be minted between 1877 and 1907 again had a motto on it but the value showing on it was "Twenty Dollars".
As for the Saint Gaudens Double Eagle Gold Coin which began being minted in 1907 the 3 versions available of this are as follows:-
1. The 1907 version of the coin had a high relief, no motto and Roman numerals were used on it.
