Entries Tagged 'Gold' ↓
September 20th, 2009 — 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.
Originally posted 2008-11-14 05:34:49. Republished by Blog Post Promoter
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September 14th, 2009 — Bullion, Coin Collecting, Gold
When it comes to finding a money collectible that immediately has a sense of value, it’s hard to come close to a gold nugget. For centuries, gold fever has been inspired by the talk of immense gold nuggets and to this day you can actually still find them in mines, streams and even buried in the ground. If you prefer to forego all the work that goes into finding gold nuggets, the good news is that you can simply buy them. But before you hand over your hard earned money, there are a few things that you should know.
First, if you come across a gold nugget that is truly immense, but the price seems to be too low, the deal is most likely too good to be true. The price of gold is well over $800 an ounce as of this writing, and most nuggets will weigh a good deal more than that. Always be wary of a seller that is offering a great deal on a gold nugget, since it may not be authentic.
Next, it’s important to determine whether or not the gold nugget is actually iron pyrite, or fool’s gold. This material looks very similar to gold and has been fooling people for many years. If you can’t see the gold nugget in person, demand a certificate of appraisal from the seller, or a gemology report on it. Most reputable sellers will not mind supplying you with this information and in fact, when you are dealing with someone that you can trust, more often that not they will supply this information without being asked.
If you do see a big chunk of rock on an auction site, where the seller is promising that contains real gold, it is best to forego purchasing that item. It is all too easy to claim a piece of rock has gold in it and there is no real way for the average collector to verify this sort of object. It is best to simply walk away rather than buy something that may actually just be a simple rock.
Online auction sites have made it easy for anyone to get their very own gold nugget, but they have also made it incredibly easy to be defrauded. Always take the time to authenticate a seller, and their claims, before you buy your own nugget. It does take more time, and there may be a lot of hassle involved. However, when you consider what a gold nugget may be worth, this is definitely time and money well spent. An appraisal that costs less than $50 on a gold nugget that could be worth may times that is just a smart decision.
Always listen to your gut instincts when shopping for a gold nugget online. Take the time to do your homework and request additional verification from the seller about the authenticity of the gold nugget before you actually do buy it. This can save you quite a lot of heartache, not to mention money.
Originally posted 2008-09-02 14:00:01. Republished by Blog Post Promoter
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August 20th, 2009 — 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
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