There are many claims that gold is an investment. This could be true that the price of gold may rise and increase in value though it is better to look at gold as an asset. Gold truly is the most bare form of money as gold is the one form of money that if all paper money collapsed you would be able to barter with.
The main role of gold is as a safe haven from economic stress more than purely just a return on your money. That is not to say gold will not go up. Past performance doesn't means their will be future gains though it can be the best way to understand the value.
The opportunities in the gold market are going to be based on your risk level. This post is not to be an expert on how to buy and sell gold. The goal is to open your eyes to the possibility that now may be a good time to buy gold and for you to learn more from a trusted brokerage firm.
Considered by many as the best way to own gold is numismatic gold coins or what is called rare gold coin. Rare gold coins have two values. First, the gold content gives them inherit value with the price of gold. Second, the rarity of numismatic gold coins has potential for greater gains in profit. The gold content in rare gold coins is the same as bullion coins though rare gold coins are not minted any more and now thousands and thousands of gold bullion coins are minted each year.
As it stands today there is an estimate that a few hundred thousands numismatic gold coins are in existence in what is called mint condition. On the contrast there are literally tens of millions of gold bullion coins in existence right now circulating.
Due to the scarcity rare gold coins have typically out performed gold bullion coins. This is a generality and there have been exceptions to that rule. Rare gold coins still have the same gold content as gold bullion coins which adds to them being a safe haven.
Other advantages of rare gold coins is that they are exempt from the federal government ever confiscating your private gold collection. You may not think this would ever happen though it happened in 1933.
Rare gold coins are considered a private collection of collectibles which doesn't make the sale or purchase subject to the same rules as gold bullion coins.
The best way to understand if rare gold coins is right for your portfolio is to talk to a certified brokerage firm that has years of service. A plus ratings at the better business bureau is a good place to start.
Monday, August 30, 2010
Thursday, August 5, 2010
Types of Gold Coins: The Popular Ones
There are several types of gold coins that are sought after by both collectors and investors alike.
Types of Gold Coins: Popular Series
The American Gold Eagle: This is the official gold bullion coin of the United States, first minted in 1986 by the US Mint. The obverse of the coin features a full figure of Lady Liberty holding a torch in her right hand and an olive branch in her left hand. The reverse of the coin portrays a male eagle holding an olive branch, flying above a nest enclosing a female eagle and hatchlings. The coin is available in the denominations of $5, $10, $20, and $50. For coin collectors, a proof version of this gold coin is produced by the US Mint.
Krugerrand: Krugerrand is among the most popular gold coins produced by the South African Mint Company in 1967. It was minted to be used as currency. The coin is a durable alloy of gold and copper, with 91.67% gold and 8.33% copper. The obverse of the coin features the face of Paul Kruger, former president of the old South African Republic, while the reverse features a springbok, one of the national symbols of South Africa. Very few proofs of Krugerrand neeeproduced by the company for collectors.
Russian Golden Chevronets: These gold coins were introduced by Russia in 1701 and were minted until 1757, after which they were replaced by the ruble. However, their production was restarted in 1925, after the end of Russian Revolution and the Civil War. Only five chevronets coins are known today, three are housed in the Museum of Goznak and the other two in the Pushkin State Museum of Fine Arts in Russia. These coins have great value as collector’s items.
Chinese Gold Panda: This series of gold coins was introduced by the People’s Republic of China in 1982. These coins are made of 99.9% gold. The design of these coins changes every year. The obverse of the coin depicts the Temple of Heaven with Chinese inscriptions “Zhonghua Renmin Gongheguo” and the year of mint. The reverse of the coin features different images of the Panda, and are changed every year. These coins come in different denominations of 25, 50, 100, 200, and 500 Yuan.
Types of Gold Coins: Popular Series
The American Gold Eagle: This is the official gold bullion coin of the United States, first minted in 1986 by the US Mint. The obverse of the coin features a full figure of Lady Liberty holding a torch in her right hand and an olive branch in her left hand. The reverse of the coin portrays a male eagle holding an olive branch, flying above a nest enclosing a female eagle and hatchlings. The coin is available in the denominations of $5, $10, $20, and $50. For coin collectors, a proof version of this gold coin is produced by the US Mint.
Krugerrand: Krugerrand is among the most popular gold coins produced by the South African Mint Company in 1967. It was minted to be used as currency. The coin is a durable alloy of gold and copper, with 91.67% gold and 8.33% copper. The obverse of the coin features the face of Paul Kruger, former president of the old South African Republic, while the reverse features a springbok, one of the national symbols of South Africa. Very few proofs of Krugerrand neeeproduced by the company for collectors.
Russian Golden Chevronets: These gold coins were introduced by Russia in 1701 and were minted until 1757, after which they were replaced by the ruble. However, their production was restarted in 1925, after the end of Russian Revolution and the Civil War. Only five chevronets coins are known today, three are housed in the Museum of Goznak and the other two in the Pushkin State Museum of Fine Arts in Russia. These coins have great value as collector’s items.
Chinese Gold Panda: This series of gold coins was introduced by the People’s Republic of China in 1982. These coins are made of 99.9% gold. The design of these coins changes every year. The obverse of the coin depicts the Temple of Heaven with Chinese inscriptions “Zhonghua Renmin Gongheguo” and the year of mint. The reverse of the coin features different images of the Panda, and are changed every year. These coins come in different denominations of 25, 50, 100, 200, and 500 Yuan.
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