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.
How To Buy American Eagle Gold Coins
September 23, 2008
First, all gold American Eagle coins are 22 karat gold. The reason that you don't get 24 karats is a small amount of other metal needs to be added to keep the coins hard. The Gold for the American Eagle is also mined in the United States.
When buying gold American Eagle coins, you have 4 options. They are: 1/10 ounce, 1/4 ounce, 1/2 ounce and 1 ounce. Smaller weights generally cost less, but there are other factors.
What comes into play are the two kinds of Eagle gold coins. They are generally -- proof and bullion.
American Eagle gold bullion coins are readily available for purchase. These are the coins use for sound investment. They are prized for their guaranteed gold content, as well their beauty. The coins are recognized by dealers and markets around the world. Often used as an investment, they can be bought, sold and traded with ease. Many add them to their retirement portfolio, to be used as a tax free investment.
$20.00 Saint Gaudens Coins a Great Gold Investment
September 1, 2008
The $20.00 Saint Gaudens gold piece is an absolutely beautiful coin that deserves the consideration of hobbyists around the globe. This coin, being a collectors' coin and not a bullion piece could be worth two to three times the actual ounce price of gold! These coins were minted from 1907 through 1933 and many investors already rank it as one of their best choices for investment purposes. These $20.00 gold pieces have been recognized since the Civil War and have a broad appeal. Therefore they are selling fairly low for gold pieces right now!
When looking to purchase these beautiful coins it is recommended that you research gold prices at the same time. PCGS MS-64 and MS-65 grade the prices of St. Gaudens coins. The higher the MS value, the more valuable the coin is. Visit numismatic sites on the Internet such as California Numismatic Investments to educate yourself on these investments.
This $20.00 piece provides a "double play" advantage because of its high gold content and when gold bullion prices rise these coins will also rise and could bring you a handsome return, up to three times the price of gold bullion! The market of Saint Guadens gold coins holds their value. Many wealthy royal families and government treasuries along with collectors, typically own Saint Gaudens coins! Besides their market value, the beautiful design of the coin is gorgeous. Its art form is in itself an incentive for collecting the coin!
US Mint Halted Sale of American Eagle Gold Coins
August 23, 2008
American Eagle bullion coins are short in supply, but investors jumping to own them due to a recent sharp retreat in gold prices.
"Due to the unprecedented demand for American Eagle gold one-ounce bullion coins, our inventories have been depleted. We are therefore temporarily suspending all sales of these coins," the U.S. Mint told authorized coin dealers in a memorandum dated on Friday.
"We are working diligently to build up our inventory and hope to resume sales shortly," the Mint said.
Coin dealers from the United States to Canada reported a surge in buying of bullion coins and other gold products since prices plummeted from highs last month. The buying spree contributed to supply fears and helped boost gold prices sharply on Thursday.
The move by the U.S. Mint to halt sales caught market participants by surprise as it came at a time when the metal was sharply falling, rather than rising.
Produced from gold mined in the United States, the American Eagles have been novel items among collectors and investors since their introduction in 1986. Each coin has a face value of $50 but it is sold by authorized dealers at a premium to the price of gold.
