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The Latest Money Collectors ArticleValue of Gold Bullion Coins
By Misha Kerogazov
Bullion coins by definition are the coins minted for investments and not for circulation. They are valued for their precious metal content rather than for their numismatic value.
The value of gold bullion coins in its essence is the gold value of a coin plus the premium. The gold value varies with the time of course but it is what it is on the gold market, which is around $30 per gram at the present. The premium on the other hand is a very subtle subject and can be affected by many factors. And we're going to have a look at some of them.
One of the most usual factors is the coin grade. This one can be split into the coin finish and the coin grade itself. The finish for gold bullion coins can be either brilliant uncirculated or proof. Proof coins usually have higher premium than their brilliant uncirculated counterparts. The grade of a coin is basically its condition. And of course, better condition means higher premium. The grade can vary from PO-1 (pure) to MS-70 (perfect) for normal coins and from PF-01 to PF-70 for proof coins.
Another factor that can affect the value of gold bullion coins is the coin mintage, or the number of coins issued in any particular year or in total. This one is not as crucial for bullion coins as for normal ones because usually bullion coins are minted in great number, but for some coins and for some years it can be significant. It is not an issue of course for the coins that either don't have a year (which is quite rare) or have some set year in the past (like Mexican Pesos or Austrian Ducats).
And the last factor that can affect the value of gold bullion coins is actually the size of a coin. It may sound odd, but smaller coins usually have higher premium.
The first modern gold bullion coin was the South African Krugerrand minted in 1967 and weighed exactly 1 troy ounce (31.10 g). The value of the coin was basically its gold value plus very small premium (3-5%). As the coin proved to be very popular, other countries started minting their bullion coins and at the later years started producing coins as fractions of the troy ounce - half ounce, quarter, tenth, and finally twentieth, which is just about 1.5 g. The premium of the latter one can be up to 50% of the gold value. So, if you're planning on investing into gold bullion coins, consider buying bigger ones.
About The Author
I hope that you feel now much more comfortable about the value of gold bullion coins and if you feel adventurous, and want to have a look at some of the gold bullion coins and may be even make a few bids, click here.
Gold & Silver Coin Bullion Info
There are two types of coins, those bought for their rarity or numismatic value and those bought for their precious metal bullion value. I recommend buying a one troy ounce bullion gold coin because they are much more affordable than numismatics and also for the same price you will get much more gold metal content which is the whole point of buying the coin (gold attracts wealth). Now that we have decided to buy a one troy once bullion coin, there are many selections. There are 22 karat coins and also 24 karat coins. Due to their durability, I recommend buying a 22 karat coin because they are much more resistant to nicks and scratches. The two best 22 karat coins to invest in are South African Krugerrands and US American Eagles. If you decide to go the 24 karat route, US Buffalos and Canadian Maple Leafs are the best choices. All four of these coins are very popular and readily exchangeable at coin dealers all around the world.
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Bullish investors may choose to leverage their position by borrowing money against their existing gold assets and then purchasing more gold on account with the loaned funds. In order to keep the cost of debt to a minimum, these individuals would normally seek a loan in the currency with the lowest borrowing rate, which, as of April 2006, was the Japanese yen. This technique is referred to as a "yen-gold carry trade". Leverage may increase investment gains but increases risk, as, if the gold price decreases, the investor may be subject to a margin call. Leverage is also an integral part of buying gold derivatives and unhedged gold mining company shares.
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One of the reasons there is such a disparity between what the average consumer expects, and what the coin dealer actually delivers when it comes to buying coins from the public is that coin dealers see vast amounts of common "junk." By "junk" I mean common date wheat pennies, circulated Buffalo Nickels and Mercury Dimes, worn Washington Quarters and circulated Franklin and Kennedy Halves. Coin dealers are offered so much of this type of material that many of them get tired of seeing it. They give such material the cursory once-over and offer low-ball prices for it based on long experience. Usually people have already pulled out the more valuable coins, leaving the "junk," (or at least the the dealer must assume so.)
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Coin collecting today is still a hobby that many people enjoy. One of the most precious and most expensive collections that anyone can ever have are those of gold coins. The most expensive gold coin ever bought was worth around eight million dollars. This was the American 1933 Gold Eagle. This is why the collecting of gold coins deserves to be called the hobby of kings.
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Throughout time, from the Greek and Roman ages to more modern times, civilizations flourished with sound money. The gold coin has proved to be the time-tested answer for societies desiring economic prosperity. The alternative, fiat currency, has resulted in the demise of prosperous civilizations since Roman times. The word "fiat" means by government edict. It is simply impossible for a government to magically proclaim sound money and reliable purchasing power of wealth with paper currency. This fact prompts Americans to consider investing in gold coins.
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The Vienna Philharmonic gold coin is one the Austrian Mint first began producing in 1989 and it quickly became very popular. This coin was the best selling gold bullion coin in the world in 1992, 1995, and 1996 according to World Gold Council. Minted in 1-oz., �-oz., �-oz., and 1/10-oz. sizes, all Vienna Philharmonics are made from 99.99% pure gold. No alloyed metals are added. All coins are minted at the Austrian Mint AG, now a subsidiary of the Austrian National Bank. The Mint was established in 1194 and has remained in its current building since 1837.
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Several changes have been occurred on U.S. paper money in recent years. The changes have been implemented during the redesign of denominations of U.S. Federal Reserve notes (with the exception of the $1) beginning with the $100. Several features have been added to protect our money from counterfeiting include:
1. An enlarged portrait placed off-center to accommodate a watermark visible when the note is held up to a light.
2. A polymer security thread embedded vertically in the paper. The location of the thread varies depending on the denomination.
3. Fine line printing patterns behind the back illustration.
4. Microprinting on different areas of the notes.
5. Color-shifting ink that appears black when the front is viewed at an angle.
6. A low-vision feature on the back, lower right corner for easier identification of the denomination.
7. New Federal Reserve indicators including a universal seal and a letter and number below the serial number identifying the issuing Federal Reserve Bank.
8. A unique combination of eleven numbers and letters that appear twice on the front of all notes.
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In 1861, on the brink of bankruptcy and pressed to finance the Civil War, U.S. Congress authorized the United States Treasury to issue paper money for the first time in the form of non-interest bearing Treasury Notes called Demand Notes.
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Coin Trivia for 9 Sep 2008
1. In what year was the Buffalo 5-cent piece last struck?
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4. What Southern Republic declared its independence from Mexico during the Hard Times era?
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1923 U.S. Silver $1. Silver Certificates were issued beginning in 1880 and were redeemable at the Treasury in silver. Initially this silver would have been from the rich Comstock Lode discovered in Nevada in the 1870s. 1923 was the last series in which Silver Certificates were issued in the large-sized format that dated back to the first notes of the 1860s. In 1928 new, smaller notes would be issued. Today 1923 $1 Silver Certificates are generally worth between $20 and $150 depending on condition.
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The Gold American Eagle gold coins are made from government guaranteed gold. First introduced in 1986, U.S. Gold Eagles are the #1 gold bullion coin choice among investors across the world. After careful consideration, the United States mint decided to copy the design of the $20 Saint-Gaudens gold coin for the obverse of its new Gold Eagle. The $20 Saint-Gaudens was commissioned by Theodore Roosevelt to create coins of awe like the ancient Greek and Roman coins. The date, situated to the viewer's right of Miss Liberty, appears in Roman Numerals in the years from 1986-91 it has appeared in Arabic Numerals ever since.
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Lesson learned. If I have coins that I think might be improved with a good cleaning, I seek out an expert. The vast majority of the time, he tells me what I'm telling you: when it comes to cleaning coins, don't!
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Gold And Silver Coin Collecting Article Of The MonthCongress Approves .9999 Fine Gold Coins
By Bill Haynes
New .9999 fine (24 karat) 1-oz legal tender $50 gold coins will be added to the U.S. Mint's line of gold bullion coins in 2006 when President Bush signs into law a bill that Congress passed in December. The legislation calls for the Mint to have the coins ready to distribute by June 2006, but the coins may be ready before then.
The legislation authorizing the new .9999 fine gold coins was quite specific, mandating the design and even the method of packaging. For the first year of issuance, the coins 'shall bear the original designs by James Earle Fraser, 'which appear on the 5-cent coin commonly referred to as the 'Buffalo nickel' or the '1913 Type 1'.' This wording, without specifically saying it, calls for the obverse (front) of the coins to carry the famed Indian Head design by Fraser. The reverse will carry the equally-famed buffalo design.
Each Indian Head-Buffalo coin is to be encased in a protective capsule, possibly such as the capsules used by Australia's Perth Mint to protect its .9999 fine gold bullion coins, including the popular limited edition Lunar Series Gold Bullion Coins. The protective cases 'shall be readily distinguishable' from the packaging for proof coins, which are also authorized by the bill.
For years, proof coins have been individually encapsulated in protective cases. Individually encapsulating bullion coins will be new to the U.S. Mint. The Mint's 22-karat (.9167 fine) American Gold Eagles, which are the world's best-selling gold bullion coins, are packaged twenty to a tube and are not individually encapsulated.
Production of the Indian Head-Buffalo coins will be unlimited, and they will be marketed toward gold investors who prefer .9999 fine (24-karat) gold coins. The U.S. Mint already has the world's best-selling gold bullion coins with its 22-karat (.9176 fine) Gold Eagles. Still, there is a huge market for pure gold coins, and the new Indian Head-Buffalo coins will give the U.S. Mint a product for that market. The Asian and Indian markets clearly prefer pure gold coins, while alloyed gold coins are more popular in the Western World.
Presently, the Royal Canadian Mint's .9999 fine Gold Maple Leafs are the world's best selling pure gold coins. However, the Gold Maple Leafs have fallen into disfavor with investors because of the ease with which they are damaged. To counter this, the Royal Canadian Mint recently introduced new packaging for the 1-oz Gold Maple Leafs.
The new packaging for the 1-oz Gold Maple Leafs will put the coins individually in capsules that are suspended in credit card sizes cards, twenty-five coins to a box. It is too early to gauge market acceptance of the new packaging for the Gold Maple Leafs.
Considering the popularity of the of Indian Head-Buffalo design, the U.S. Mint's new .9999 fine gold coins could provide stiff competition for the Gold Maple Leafs. Fraser's designs proved to be a winner in 2001 when the U.S. Mint produced a limited number of Indian Head-Buffalo $1 silver coins sets. The sets sold out immediately and today carry prices several times their initial offering prices.
The new Indian Head-Buffalo .9999 fine gold coins, however, will not be limited edition, at least not the first year. The bill permits the Mint to 'change the maximum number of coins issued' in subsequent years. Further, the bill authorizes the Mint to change the designs on either the obverse or the reverse after the first year's production.
Although the U.S. Mint produces its popular American Gold Eagles in four sizes, 1-oz, �-oz, �-oz, and 1/10-oz, the new Indian Head-Buffalo pure gold coins will be minted in only one size: 1-ounce. With the popular Indian Head and Buffalo designs, the Mint's new .9999 fine gold coins could quickly become favorites with gold coin investors.
About The Author
Bill Haynes heads CMI Gold & Silver Inc, one of America's oldest precious metals dealers. See CMIGS� website for more information about investing in gold and silver.
Additional Numismatists Information
When collecting paper money, always try to collect uncirculated notes if they are current issues. In many cases, a note that is in less than uncirculated condition will never be worth more than face value. The colors are usually more vibrant on an uncirculated note and the artwork is frequently more 'crisp' and easier to discern. Of course older notes can often only be found in various degrees of circulated condition. In this case, only buy notes which are visually pleasing.
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It is pretty evident that a lot of old money has significant value nowadays. It is true that casual collectors cannot afford to have any authentic old money and notes from the 1800s and early 1900s as their value and consequently price are too high. That's how collecting souvenir cards are becoming more and more popular. Having them you can collect a piece of history without actually paying a high price for it.
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Preserve gold bars and bullion coins in the original mint packaging. Since it is soft, mint-fresh gold is easily subject to scratches from rough surfaces. Careful handling and preserving can go a long way in getting the best price during a resale.
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Once the national bank system was established, privately issued bank money was declared to be illegal. Ever since US government money was issued it has retained monetary value. However, it is not the same case with the obsolete old bills from closed banks and this is the prime reason why these banknotes are worth finding. Actually private banknotes from the 1800s have remained an interesting item for collectors throughout the centuries.
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Mayor presented with rare penny that was important piece of trading history
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Ceiniog Pwllheli (Pwllheli Penny), was...
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4. What Southern Republic declared its independence from Mexico during the Hard Times era?
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