Entries Tagged 'Gold Coins' ↓
February 2nd, 2012 — Coin Collecting, Gold Coins, US Coins
Before you decide to purchase gold coins, there are a few things that you need to know to avoid being taken advantage of. While most dealers are honest, it is vital to take these steps to ensure you are dealing with authentic gold coins. At the current price per ounce, it only makes sense to make sure you are getting real gold, and that you can trust the person you are buying from. Here are a few things to keep in mind before you decide to buy.
1. The Overall Price
This is a big factor when purchasing gold coins. If the price is too low, you should be immediately suspicious. Remember, if it’s too good to be true, it probably is. Likewise, if the price seems too high, you should research the current price per ounce to make sure that you are not paying over the market value. Speculation is rampant in the coin industry, especially when you are dealing with gold. Always make sure that you are getting a fair price before putting down your hard earned money.
2. Certification
Is the dealer willing to provide you with a certificate to prove that the gold coins are actually real? This is a very important step in authenticating your coins. After you purchase them, there is not much you can do if it turns out that they are fake. An honest seller will provide you with more than enough proof to put your mind at ease. Remember, always authenticate gold coins before you buy them. Otherwise, you will have learned a very expensive lesson.
3. Shipping
It is vital to make sure that your gold coins will be shipped securely. Find out how the seller plans to pack and ship your coins before making a purchase. The package should be completely secure and should be insured for the value of the coins. Most sellers prefer to use services such as UPS, FedEx and other carriers that are not the US Postal Service. This is due to the ability to track a package, add insurance and to ensure that the package reaches you safely. If you see a seller shipping gold coins any other way, be on guard.
4. Feedback from other buyer
This is perhaps your best judge as to whether or not you are dealing with a good seller. If they have verifiable feedback from happy customers, then you should be able to make your purchase safely. Do a little due diligence on their feedback to make sure that they were made by real people. You cannot be too careful when purchasing gold coins, especially online. If the seller will not allow you to check up on their feedback, you may want to find someone else.
Purchasing gold coins is a great investment, but only if you take the necessary steps to protect yourself. Always do your homework and learn all that you can about a seller before you decide to purchase your new gold coins.
Originally posted 2008-08-26 05:00:58. Republished by Blog Post Promoter
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Rare Gold Coins money -> Coins-World -> Gold Gold is one of the most popular substances in the world, and rare gold coins are highly sought out by collectors, not just for the precious gold content, but because of the rarity of the coins and the designs themselves. How do you know...... -
Finding the Perfect Coins For Your Coin Collection There are thousands of different coins that you will be able to find for your own collection, even if you stick with the country that you live in. There are plenty of different mints and types based on what year the coin was minted and any possible defects the coin...... -
Selling Your Coin Collection There are plenty of people who will keep their coin collection into old age, hanging on to the sentimental value of the coins they have collected. There are others who have simply lost interest in their collection and have no need to keep it. These individuals are better off trying...... -
How to Approach a Rare Coin Purchase Rare coins are often them sot exciting coin purchases for those who are serious about coin collecting. Each coin collector waits for the day that they are able to pick up the rare coin that they have been interested in for years. It is important for all coin collectors to...... -
3 Great Places to Find Rare Coins Coin collecting is something which has been practiced in America for over 200 years now. It is something which has been enjoyed by people of every age and for many different reasons. When creating or expending a collection, it is normal to seek out the best rare coins you can......
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Tips for Looking For Gold Coins Every serious coin collector has a specific type of coin that they look for. Some look to collect the same type of coin across the currencies of different countries, like those who look to collect gold coins. There are plenty of coin collectors out there who are looking for gold...... -
The Importance of a Coin Price Guide When someone is just getting started in the world of coin collecting they need to be sure to have several helpful tools at their disposal to help them. This is because navigating the coin world can be a difficult and challenging task when you are just getting to know the...... -
How to Avoid Fake US Currency Counterfeit coins and counterfeit paper bills are an unfortunate issue that all money collectors must deal with. Individuals create and push fake currency in hopes of making large sums of money - if they can talk one person into thinking the coin is real, they have made their money. It...... -
How to Get What You Want From Coin Dealers There are plenty of different types of coin dealers out there, as each coin collector shop features a different dealer as an owner. While some are easier to work with than others, all are looking to make a living by turning a profit on these different coins. If you are...... -
How to Not Collect Rare Coins Coin collectors who are interested in collecting rare coins are going to find that there are certain procedures that must be done for each purchase. Unfortunately, those who are new to the coin collecting scene may skip out on some of these different methods, purchasing the rare coins that they......
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January 25th, 2012 — Coin Collecting, Gold Coins
The gold coin is one of the oldest forms of coins to be used. This is because even before the value of coins was printed on the coins themselves, the coins were valued simply for the weight of the gold which it was made out of. This made sense to trade through the use of gold coins because the gold had value as did the item or service the gold was being traded for. As countries become more established over time the gold coin was created to include more decorations including ornate obverse and reverse faces which held their own value.
The modern gold coin looks very different from the old coins. There are many different reasons for this. One of the biggest reasons for the changes in the ways that coins have been made is that they no longer have to be struck by hand. Additionally, there is value placed on the coins looking beautiful. These gold coins have also been created to commemorate events and people for the rest of the world to remember. While any good numismatist will surely know this information, it is good for all people to know the history of the gold coins and their place in the modern world.
New Striking Technology
Looking at an old gold coin it is easy to see that they were struck by hand. This is because you will see that one side shows more relief than others. This is because no matter how steady the die was, there were still blows which would catch a coin slightly off center. Slight shifts in the die between strikes could also cause double casting and other imperfections. The new methods allow for fewer strikes and more accuracy but slightly less character in the coins which are cast.
Value Placed on Beauty
Since the new coins could be struck faster and with less attempts, it was possible to offer coins with far more detail. This is why the modern gold coin places more value on beauty. Since the coins lost some of the intrinsic value when the modern mint was created, it opened the door to make the coins valuable in other ways. This is how you get coins which are designed by sculptors like the Saint-Gaudens Double Eagle or the English Gold Sovereign which was engraved by Benedetto Pistrucci.
Reasons to Mint Coins
With the ease in which the modern gold coin could be created, it cleared the way to create coins for just about any reason under the sun. These days it is common to find commemorative coins which celebrate human achievement or mourn the loss of those in tragedy. Other coins are made in order to celebrate past gold coins which are no longer in circulation. While some coins are worth millions, all gold coins are still worth at the very least the metal that they are made from. This gives them value no matter what you think about the way they were made.
Photo Credits: oliworx
Originally posted 2010-09-03 03:57:16. Republished by Blog Post Promoter
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3 Ways to Determine Gold Coin Prices There are many different kinds of coins you can collect. You can collect the standard coins which are distributed throughout society. You can also collect all of the commemorative coins which are designated to pay respects to the different states, Apollo 11, Presidents and more. One of the oldest and...... -
What You Should Know to Determine Gold Coins Value There are many different things that you can choose to collect. One of the popular items that you can choose to collect includes gold coins. These are fun to collect because the coin itself has a lot of value based solely on the value of the metal itself. Of course,...... -
Interesting Facts about the English Gold Sovereign There are many coins which have been used for a long time, but few have been used longer than the English Gold Sovereign. This is a coin which has been used for over 500 years. It has gone through different obverses and has even gone through periods where it has...... -
The Best Story in Rare Coin Collecting There are many reasons why a coin will become rare and collectible. It may be that it was a commemorative coin which was intended to be rare and instantly collectible. It can also be because the coin was taken out of circulation or was not authorized for striking by the......
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Everything You Need to Know About Coin Value Coin value is an incredibly important part of coin collecting, even for those who do not have a serious coin collection. Coin value dictates how much you can spend on your collection and how many coins you can add. It will also help you to better understand the worth of...... -
Why It Is Better to Buy Gold Coins for Sale from the Mint Coin collecting can be a very tough hobby to get started in. This is because many of those involved in collecting coins do not see it as a mere hobby. They see it as a way to make money as well as a way to learn more about the country...... - Tips for Looking For Gold Coins Every serious coin collector has a specific type of coin that they look for. Some look to collect the same type of coin across the currencies of different countries, like those who look to collect gold coins. There are plenty of coin collectors out there who are looking for gold......
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How to Increase Gold Coin Values for Profit Coin collecting has been a hobby since the 1800s. The hobby was something which was started by the wealthy as a way to hold on to certain coins which they found interesting or attractive. The poorer class could not take part because they needed every cent and half cent so...... -
Tips to Get Started with Coin Collecting There are more people than ever getting started with coin collecting. This is a hobby which young and old alike have been enjoying for quite some time. The great thing about the hobby is that it is not only a great way to learn about history and your country, it......
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January 15th, 2012 — Coin Collecting, Gold Coins, Gold Eagle Coins
Gold Eagle coins are American currency, first released in 1986, that contains the stated amount of actual gold weight claimed in troy ounces, with a silver and copper alloy added to make the coins less soft and more wear resistant. The coins are an official US gold bullion coin, authorized by the Gold Bullion Coin Act of 1986.
The first Gold Eagle coins minted from 1986 to 1991 are dated with Roman numerals. Gold Eagle coins from 1992 onward switched to Arabic numbering. These coins are worth far more than their face value, because of their gold content. In the beginning of 2008, a $5 American Golden Eagle was actually worth about $110, with this amount varying daily, of course, based on the price of gold. The US Mint makes a proof suitable for collectors, most which carry the mint mark of “W” (which stands for the West Point mint in New York) beneath the date.
The design on Gold Eagle coins is often referred to as one of the most beautiful to grace an American coin. It features Lady Liberty holding a torch and an olive branch, her hair flowing, with the Capitol building in the background. The reverse of the coin boats an eagle above his nest of hatchlings, with the mother eagle watching over her brood. The male eagle carries an olive branch, long known as the symbol for peace. The coins come in four sizes: one-ounce, half-ounce, quarter-ounce and one-tenth ounce. The American Golden Eagle has become the most widely traded gold bullion coin in the world.
Gold Eagle coins are certainly valuable to coin collectors, and investors, thanks to their gold content. For collectors interested solely in the design, Golden Eagle proofs are a great addition to your collection. They’re designed specifically for coin collectors, and don’t carry the high price of the real gold bullion coins. These are widely available in places like flea markets, online stores and online auctions and their value is based on their condition. They should be graded like ordinary coins, from poor to uncirculated, and judged on that basis.
True Gold Eagle coins, though, are an actual investment whose gold content and purity are actually guaranteed by the US Government. American Eagles are actually even valid deposits for Individual Retirement Accounts, otherwise known as IRAs. Every major government holds gold in reserve because it’s a tangible asset. What you hold in your hand is what’s valuable, unlike paper money and coins, whose value is representative of assets like gold that are held in the treasury.
Gold Eagle coins are an easy and affordable way to invest in gold. Where big investors might trade for gold in thousands of dollars or more at a time, the average investor or beginning investor can choose to purchase American Eagle coins instead. The value may vary daily with the price of gold, but the rarity of real gold virtually ensures that the value won’t drop dramatically as other investments can.
Photo Credits: kevindooley
Originally posted 2008-10-16 05:00:50. Republished by Blog Post Promoter
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Canadian Coins Coins and Paper Money -> Coins: Canada -> Commemorative Whether you are from Canada, or just interested in collecting Canadian coins, there are plenty of options out there and many of these coins are actually quite valuable. Before you get started with your collection, it’s a good idea to know...... - The Best Story in Rare Coin Collecting There are many reasons why a coin will become rare and collectible. It may be that it was a commemorative coin which was intended to be rare and instantly collectible. It can also be because the coin was taken out of circulation or was not authorized for striking by the......
Related Websites - The Importance of a Coin Price Guide When someone is just getting started in the world of coin collecting they need to be sure to have several helpful tools at their disposal to help them. This is because navigating the coin world can be a difficult and challenging task when you are just getting to know the......
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The 3 Most Sought After Collectors Coins from the Old West The coins produced during the period of time in American history when the Western United States was being settled are some of the most sought after collectors coins for those who are Old West enthusiasts. Below is some information about three of the currently most sought after collectors coins from...... -
How Do Old Foreign Coins Compare to Domestic Ones? Many people have gotten into collecting coins lately. This is a hobby which has been strong in the United States for over 200 years now. The only other country which rivals the love of numismatics is Canada. Australia is catching up, but still has a ways to go. This is...... -
How to Pass Down Your Coin Collection While you may have a close connection with your own coin collection, you may want to think about passing that collection down to a younger generation. This is a great way for you to connect with someone young in your family and is a great way to leave a legacy...... -
5 Things to Know When You Collect Coins Those who collect coins are a part of a huge legion of people who create some of the most astounding collections. Whether it be through rare coins or major coins with value, these collections bring together currencies from all over the world. If you are someone who is looking to......
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January 12th, 2012 — Coin Collecting, English Coins, English Gold Sovereign, Gold Coins
There are many coins which have been used for a long time, but few have been used longer than the English Gold Sovereign. This is a coin which has been used for over 500 years. It has gone through different obverses and has even gone through periods where it has not been coined. Other than that, it is still the most widely used coin in England and in other countries which are a sovereign nation of England or once were a part of the British Empire. The rich history of the coin makes it a highly collectible item for numismatics.
There are a few things which you should know about the English Gold Sovereign if you are considering collecting them. These points are more points of interest than they are to provide any statistics on what makes the coins valuable. Of course, the more you know about a coin, the easier it is to determine what value they have. It is interesting to know about the amount of gold present and the weight of the English sovereign. It is also interesting to know about the use of coining of the sovereign. Most importantly to numismatics, it is interesting to get to know all of the different variations which have evolved out of the sovereign.
Weight and Gold Content
It is easy to spot an original gold sovereign by judging how many carats the coin is made out of. The original coins used 23 carats of gold while the current coin only has 22 carats. This was a change which was put into effect by Henry VIII. This is what is known as the gold standard or the crown gold. The weight is something which has also been toned down from the original. The coin which used to weight 240 grains (15.552 grams) now weighs a total of 113 grains (7.322 grams).
Coining the Sovereign
The gold sovereign is a coin which is made out of nearly pure gold. It has a 91% purity level. This means it is possible for the Mint to melt down the gold coins and re-coin them as new coins. This means that while some people might have just received a coin from the mint, they might have metal which was mined over 500 years ago. This is because of the practice of regularly reclaiming coins once they become worn and melting them down to create new coins.
Variations of the Numismatics
The basic gold sovereign has a value of one pound even though they do not have any kind of denomination on it. These include the half sovereigns (10 Shillings), the quarter sovereigns (5 shillings), the double sovereigns (2 pounds) and the quintuple sovereigns (10 sovereigns). While the values of the different sovereigns has changed over the years, the fact that the Mint has a policy to reuse coins for Minting means that those which survive from year to year will increase in value very quickly for those who want to collect them.
Photo Credits: practicalowl
Originally posted 2010-08-16 03:51:09. Republished by Blog Post Promoter
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The Many Faces of the Collectible Gold Coin The gold coin is one of the oldest forms of coins to be used. This is because even before the value of coins was printed on the coins themselves, the coins were valued simply for the weight of the gold which it was made out of. This made sense to......
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3 Reasons Why Hawaiian Coins are a Coin Collectors Paradise Hawaii is now a state of the United States. As a result the state uses all of the same currency which is used throughout the United State. Of course before becoming a territory and then a state, Hawaii had its own gold system. This includes a dala which was the......
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December 29th, 2011 — Bullion, Coin Collecting, Gold, Gold Coins, Gold Eagle Coins
There are a number of different ways that you can buy gold, not only as jewelry or gold bars but also in the form of a gold coin collection as well. Buying into a gold coin collection is a much better option, it is also much simpler and it can cost you as little as $40 to get started. Another benefit of buying into a gold coin collection is that you can easily store golf coins in ways that storing other forms of gold may not be feasible. You can easily store your gold coin collection anywhere in your home or you can have them put in a safe or stored in the bank for safe keeping depending on your needs.
There are many different ways that you can create a gold coin collection depending on what your interests are. There are all kinds of different gold coins that are available all over the world, including American Eagle golf coins, South African Krugerrands, UK Sovereigns and Australian golf coins, Canadian Maple Leaf coins and even Chinese Panda golf coins. When you start out your very own gold coin collection, the best coins to buy are the more common and more cost effective gold coins such as the Golf Sovereigns from Australia or the UK or the American Eagles for example. Keep in mind that there is never a fixed weight or a fixed size for gold coins, but rather they are measured based on their value and their weight, and these characteristics are going to vary depending on the size of the coin.
The unit of measurement that is used for your gold coin collection will be the gram. In the past, however, gold coins were measured in troy ounces which are parts of ounces. The purity of a gold bar is measured based on 999 parts per 1000 parts, which is as pure as gold is capable of getting. Most coins that will be in your gold coin collection are going to be 917 parts in 1000, because they put a little bit of other types of metal in the coins in order to make them easier to make during the minting process.
When you are planning to create a gold coin collection and it involves shopping online or offline, make sure that you have all the information that you need to know to purchase the coin such as the make, the name and the type of coin. Make sure that this information is being displayed so that you know that you are buying the right coin for your gold coin collection. If you are buying your gold coin collection online, make sure that you see pictures and that the price quoted by the seller matches up with the worth of the coin, otherwise move on to a more reputable online seller.
Photo Credits: Swamibu
Originally posted 2009-08-20 05:22:23. Republished by Blog Post Promoter
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Which Classic and Modern Commemorative Coins are Worth Collecting? The answer to the question of which classic and modern commemorative coins are worth collecting is subjective. There are many reasons as to why people collect coins. Some people collect coins which have a sentimental value to them or ones which represent an era in history they enjoy. Others collect...... -
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Making the Transaction From Hobby Coin Collecting to Serious Coin Collecting There are some people who see coin collecting as a simple and fun hobby. They like to pick out coins that they enjoy looking at and reading about, and add coins to their collection every few months. There are others who are incredibly serious about their collections and their hobby,...... -
Information about Coin and Currency Collecting One of the most fun collections to have and maintain is that of a coin and currency collection. The reason collecting these items is so fun is that there are so many specialized versions a person can collect. It is really easy for someone to find a specific type of......
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December 22nd, 2011 — Coin Collecting, Gold, Gold Coins
There are many different kinds of coins you can collect. You can collect the standard coins which are distributed throughout society. You can also collect all of the commemorative coins which are designated to pay respects to the different states, Apollo 11, Presidents and more. One of the oldest and still the most collectible of coins are the gold coins. In order to make sure that you are getting the best gold coin prices, it is important that you are able to properly determine what the prices are. You will be able to determine the prices for the gold coins that you want to buy by going through a few easy steps.
The first thing you will need to do when determining gold coin prices is that you will have to determine how rare a coin is. Next you will need to determine what the grade of the coin is. Last you will need to determine what the market has recently been trading the coin at. These factors will help to determine exactly what the prices are that you will need to sell your gold coins at so that you will get a fair price for them without overcharging those who are buying from you.
Rarity of your Coins
The coins you are looking to buy or sell will have a specific rarity to them which will help you determine the price of the silver coins. The rarer the coin is, the higher the gold coin prices. This is the trump card. If the coin is very rare you will be able to charge a lot when you sell it. Look for coins which have a rate of less than a few thousand when they were struck or a current rate of less than a hundred.
Grading of Coins
All coins can be graded on the Sheldon Scale. This is a scale which goes between 1 and 70. 1 is the poorest quality and 70 is the best you can get. The higher the grade of the coin, the more valuable the gold coin prices will be. The best idea when you are looking to grade these coins is to get them graded by the professional associations like PSCG, NGC and ICG. These will offer grading which will be recognized throughout the industry as a grade which can be trusted as being genuine.
Market Price for Coins
The last thing you will need to do in order to determine gold coin prices is to look at what the industry has traded the coins for recently. You will be able to get the prices which will be undisputed by the others in the industry that you are looking to sell to because they will be able to look at the same reports that you saw and they will be able to see that they are getting a fair price. While they might be able to argue the rarity and the grade, they cannot argue the price in the market.
Photo Credits: woody1778a
Originally posted 2010-08-13 09:17:21. Republished by Blog Post Promoter
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4 Tips for Buying Better Auction Coins Anyone who is serious about buying collectible coins has more than likely attended at least one auction. These are great places to be able to see a wide variety of different coins all in one place. Even better, you will have the opportunity to buy the coins you see at......
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Getting to Know the Value of World Gold Coins There are many different coins which are bought and traded by coin collectors every day. Among the most collected of all coins include the gold coins. This is because gold coins start off with a great value. This is because gold is always valuable and will always increase in value...... -
How You Can Easily Get Started Selling Coins There are many different aspects to collecting coins that you will need to familiarize yourself with. Among these different points that you will need to familiarize yourself with is selling coins. After all, there is no point in just buying coins if you never have any intention of selling them....... -
What you Need to Know about Coin Prices When people first enter into the world of coin collecting, they have many questions which need to be answered regarding coin prices. This is understandable since coin pricing is one of the main issues which coin collecting itself is centered around. Whether one is buying, selling, or just sitting on...... -
How to Get Started as a Rare Coin Collector When it comes to collecting coins, collecting rare coins is the best way that you can turn a hobby into a profession. This is because you will be able to track down and purchase some of the most sought after coins available. You will also be able to turn around...... -
Important Facts about the 3 Most Valuable Gold Coins Coin collectors all over the world are always in search of the next great thing to add to their collection. These coins can be made out of virtually anything. Of course, one of the oldest metals to be used to make coins out of is the gold coin. It is......
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December 17th, 2011 — Coin Collecting, Gold Coins, Rare Coins
There are many ways in which you can decide the value of a rare coin. There are also many ways in which coins can populate a list. When it comes to rare gold coins, not even the rarest of the coins mean that they are worth the most. This is because they might not be as striking as other pieces. It might also be because they do not hold the right amount of gold within them. No matter what the reason for their place on the list, it is good to know which coins are most popular and why so that you will be able to make better decisions when it comes to your own collection.
For this list, you will get a look at the top three examples of rare gold coins and why they are so valued in the numismatic community. These include the $20 Saint-Gaudens coin which is valued for its stunning beauty as well as the fact that it is rare. Also on the list are the gold coins struck before 1835 and the gold proof coins which were struck in the 19th century. Getting to know these coins will help you to have a better collection.
$20 Saint-Gaudens Coin
The Saint-Gaudens coin was created in order to create a more beautiful national coin. It was commissioned by Theodore Roosevelt from the sculptor Augustus Saint-Gaudens. The coin is more accurately called a double eagle because it is worth twice the $10 denomination of the eagle coin. Of course, today these coins are worth far more than just the $20 that they were originally intended. This price goes even higher when you have one of the first coins to be struck or you have a coin which is in exceptional condition.
Pre-1835 Gold Coin
The United States Mint has gone through many different incarnations of standards for coins. The original coins were distributed based on their actual value. As the value of gold increased, gold coins became more valuable than what they were intended to be. For this reason in 1835 the national government started reclaiming coins, melting them down and re-striking them with a lower amount of gold per weight. The rare gold coins which survive from before the government started reclaiming the coins makes them very valuable as a part of the nation’s history and to coin collections.
19th Century Gold Coin Proof
Proofs have always been collector’s items. This is because they are not intended for circulation. They are only intended to make sure that the coins are being made correctly. Whereas the Mint will strike millions of proofs to sell to collectors today, the proofs which were created in the 19th century were never intended to be sold. This is why for every coin, there was only a handful of gold proofs ever created. These proofs are extremely valuable rare gold coins which will only increase in value over the years. Possessing one of these coins will turn out very well for your collection.
Photo Credits: peterjr1961
Originally posted 2010-08-19 03:43:17. Republished by Blog Post Promoter
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October 28th, 2011 — Coin Collecting, Gold Coins
There are many different things that you can choose to collect. One of the popular items that you can choose to collect includes gold coins. These are fun to collect because the coin itself has a lot of value based solely on the value of the metal itself. Of course, there are a few other things that you will need to know about gold coins value whenever you are choosing to purchase these kinds of coins. The more that you know, the better your collection will be. This will help you to enjoy everything in your collection even more.
Whenever you are trying to determine gold coins value, there are a few things that you will need to look at. You will need to make sure that you are paying attention to how your coins are being stored. You will also need to pay attention to how you are handling your coins. Additionally, you will need to make sure that you are having your coins graded. This will help you to be able to know what they are worth right now. It will also help you to know what they will be worth later on.
Storing Coins Properly
There are many different ways that you will be able to store your coins so that they will be properly protected. This includes being able to store them in different kinds of slides. Of course, there are also plastic containers which will protect your coin by suspending it in the middle of the container. This will help you to be able to protect your coins from being damaged in any way. You will be assured that these coins will be able to retain, if not increase, gold coins value as time goes on.
Handle Coins Properly
Another way that you will be able to protect the gold coins value is to make sure that you are handling them properly. The most important thing that you will need to pay attention to is that you are not touching anything with your bare hands. This is because the oils in your fingers will have an effect on not just the appearance of the coin. By touching the coin, you can actually wear away the raised images on the coin. This will decrease the value very quickly. Always use lint free cotton gloves as well as making sure to us tweezers whenever possible.
Get Your Coins Graded
As soon as you have taken all of the precautions to protect the gold coins value, you can get them graded. This will be the biggest determining factor of how much something will be worth. Have them professional graded by an organization like PCGS. The importance of this is that if you are trying to sell your coins, no one else will dispute the value of the coin you are selling. They will trust the grade which is offered by these companies. Best of all, when graded, they will automatically put it in a protective case for you.
Photo Credits: motoyen
Originally posted 2011-06-29 03:11:33. Republished by Blog Post Promoter
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October 7th, 2011 — Ancient Coins, Coin Collecting, Gold, Gold Coins, Gold Eagle Coins, Rare Coins
Gold is one of the most popular substances in the world, and rare gold coins are highly sought out by collectors, not just for the precious gold content, but because of the rarity of the coins and the designs themselves. How do you know if a gold coin is actually rare, or just old? First of all, if you’re shopping in online auctions, which is actually a good place to find coins, decide that you won’t get too excited by every auction that claims its coins are rare.
“Rare” is actually a flash-word in online auctions, designed to get people to view the auction. If you browse the site a while, you’ll find items listed as “rare” and “hard-to-find” that you can probably purchase anywhere with very little effort. This practice has made the word rare almost meaningless on eBay and other online sites. So to find truly rare gold coins, you’ll need to do a little research on the coin that’s offered in the auction, as well as into the seller’s past auctions.
Have a look at the seller’s feedback. Does every auction represented there shout “Rare!” from the rooftops? Also, you can search on the specific coin that’s offered to see which others sellers offer it and what they have to say about it. Then you’ll want to research the coin online to find whether its truly rare, or the use of the word was just an advertising tactic. Truly rare gold coins won’t be found in hundreds or sometimes even dozens of auctions at one time, because of their rarity.
Even reputable online shops that deal in gold coins will exaggerate the use of the word “rare.” If you search on “rare gold coins,” for instance, you’ll come up with hundreds of dealers that don’t really happen to have any rare gold coins for sale, but newly released ones. They’ve simply used “rare” as keyword to rank higher in the search engines when someone’s looking for a rare coin, in the hopes of attracting that customer’s business with their new coin selection.
Your own interest in rare gold coins and a little time spent searching can help you find the right coins. You’ll also get a good idea of the price you should pay for one, judging by the median amount charged by many different dealers. Also do a search on eBay for closed auctions that featured that item, and you’ll see about how much you might end up paying if you should purchase from an auction.
Some of the most rare gold coins from the United States were minted before 1933. Liberty gold coins minted throughout the 19th century, and the Saint-Gaudens gold coins and Indian gold coins minted from the early 1900s to 1933, are some of the best rare coins available today. They’re prized, not just for their gold content and their rarity, but their beautiful designs, with the Saint-Gaudens considered one of the most beautiful American coins minted to date.
The business of buying and selling gold can be profitable, and is one you might be interested in getting into.
Originally posted 2008-11-14 05:34:49. Republished by Blog Post Promoter
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