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Gold Presidential Coins

In 2007,  the United States Mint approved the issuing of Presidential gold dollar coins which commemorates the past presidents of the United States. It began with the pronouncement of the US Mints director Edmund Moy that there is now a new series of gold coins that will be created by the Mint particularly dealing with United States presidents in a one dollar gold coin. It was in accordance with the Presidential Coin Act in 2005 which has given the directive to produce gold dollar coins which will have US presidents as their subject.

The first presidents to be featured on the dollar coins were Washington, Adams, Jefferson and Madison which are all chronological in order. It was done by the Mint in order to remind US citizens of the past US presidents and what they have done for the country. This way, remembering them would not just be fun but also memorable in that they are engraved in gold coins. This is expected to address the demand for presidential coins which has shown a popularity in some surveys that were done for presidential gold coins. It is hoped that through this method, a lot of Americans will become better acquainted with their past and also remind them of those who have helped build the now prestigious United States of America.

The coins will feature the same designs that can be found in US coins such as the famous “In God We Trust” motto and the image of the president that it is representing. They will also contain the mark of the mint where they were struck and also the year when they were made. They will also have the distinguishing markings in the rim and also the physical features to enable those who have disabilities to identify the coin. They will also have an electromagnetic signature and also the famous Statue of Liberty. The coins will also include the years in which that particular president served in the White House.

The US Mint will also issue a proof set for these coins corresponding to the average presidential gold coins. The only difference being that the proof sets will have a more striking relief and also an effect which makes the image look like its floating on the surface.  They will also be specially packaged so that these coins will not have to deal with the damages that usually occurs when being handled.

The mints that will be producing the circulated gold coins will be the mints in Philadelphia and in Denver while the proof sets will be produced by the San Francisco Mint. Hence the coins will carry their corresponding signs P,D, and S consecutively. There will also be differences in the edging of the coins and also the positions of the lettering. Some may be facing upwards while others may be inverted.

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To commemorate the first president of the United States, the George Washington coin was the first to be produced in the series. They contain the features of the president and also the Statue of Liberty and the year of the minting issue. The larger size of the coin allows more space for the designing and the lettering of these coins.

Five Dollar Gold Coins

Five dollar gold coins were made during the eighteenth century from the year 1795 up to 1929. There are several designs of these “half eagles” as they were commonly known by having a value of the regular ten-dollar eagle coin. They feature the images of an eagle, the head of the Statue of Liberty and also Indian heads depending on the period wherein they are produced. Knowing that they were made during the late 1700’s, one would know the preciousness of these coins and also of their durability for all these years.

The five dollar gold coin was among the first coins to be issued by the US Mint. It was contemporary with the more known $10 gold eagle coin and was issued featuring almost the same images on their facade. The coin had a new design during the presidency of Roosevelt which marked the beginning of the appearance of Indian heads on the coin.  It contains the head of a native Indian and also the eagle on the other side.  The production was however ceased during the war in the 1920s.

Although there are various designs of these coins, there are only two commonly known designs for the five dollar coin.  They are the more recent issues which were those produced by the US Mint from 1839 up to 1929. They are the coins which feature the head of Liberty and also the Indian type of coins. The most popular among the two being the Liberty head type which also features an eagle on its other side. The Indian type has a different process of creating the image in it which is sunk and not above the surface of the coin.  It also features the eagle. On most five dollar coins, the mark of the Mint can be found on its reverse near the eagle and the Indian type has its mark on the arrows. The coins condition can rate from the following Very Fine, Extremely Fine, About Uncirculated, and Uncirculated Condition. Coins that are in uncirculated condition are worth the most to investors.

The cost or value of this coin reaches for up to less than $100,000 which is the most that a coin of this type has been bought in an auction.  The rarity of these coins make them all worth the purchase. The more common Liberty head types cost a lot less at about $200 a piece. You can find a variety of the minting dates for these coins but the eldest that has been found for this coin was about 1875.  It was an issue from the Mint in San Francisco.

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There is a collection from Louis Elaisberg which has preserved these coins at almost in mint condition. It commanded such a high price which can be expected from a coin like it. The other type of five dollar eagle coin will cost about $300 bearing the minting date from 1908 up to 1929. Although the 1929 issue is the more recent date, it still is the most costly among the series since they are more rare and thus harder to acquire. The most that a coin like this can cost you is about $8,000.

Gold Buffalo Coin

The American Buffalo gold coin is one of the purest types of gold coins in the world today. Having a purity of .9999, it ranks with the Canadian Maple Leaf as one of the most beautiful gold coins in a collection. It has a face value of fifty dollars while the gold content amounts to more than a thousand dollars depending on the prevailing price of gold in the market. It weighs for one ounce and hence makes a perfect coin for investing also. It was issued by the US Mint in order to produce a gold coin that will have the highest karat as a gold coin.

The coin has a diameter of 32.7 mm and its thickness is 2.946 mm. It has the design of the native American Indian and the buffalo at its reverse side. The pricing of this coin depends upon the current spot price of gold in the market which reaches to about $1,600 today plus the premiums that will be added to it. Finding this would be very easy as the internet now produces the current gold price in real time and also you can find the current selling prices from those who are dealing with selling gold coins.

The design of the coin was based on the history of the United States and the most prevalent themes in the past.  The person commissioned to do the job was James Fraser who is one of the best sculptors during that period. The design became so popular that it was used for the bullion coin and the proof silver coins on the past 2001 minting issue. There are several Indians who actually posed for the sculptor in order to serve as models for the Indian head.

The buffalo coin contains 24 Karat gold in one ounce. It was the first type of coin to be issued by the United States Mint having the highest type of gold purity.  The design however was based on the 1913 nickel which featured the buffalo and was henceforth known as the buffalo coin. It was supposed to enable buyers of gold coin to have an investment in .9999 pure gold in their keeping. The first coins to be issued were made during 2006 and has since marked the beginning of the manufacturing of high gold quality coins in the United States Mint. Although the value of the coin itself is already great, one can still appreciate the worth of the design that is contained in it. It is, in a way, a good method of presenting the rich history behind the making of the United States as a nation.  You can learn more about purchasing the coin directly from the U.S Mint here.

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The minting of the coin was temporarily stopped on 2008 due to the subsequent crash of the economic market.  The coin however is still considered to be one of the best coins to have in one’s collection. It has been dubbed as “American Buffalos” or the “Buffalo Gold” as it has now been more commonly known due to its design.

Buy Gold in London

The tradition of buying gold in London has been a long standing one. Since the 17th century, London has been the center for the fixing of the price of gold.  This was done through a group of gold traders and banks which meet in a certain area to come upon an agreement with the particular price of gold for that day.  This happens twice a day: at 10:30 in the morning and at 3 in the afternoon. The set price is called as the “fix” and it becomes the standard price by which international trading on gold bases its price. So when thinking about buying gold, buying in London will give you a large amount of advantage. You will have the current running price for gold and also at the least amount of dealer’s costs.

Gold has been increasing its value for the past five years now and is still being thought to do so for the coming years so it is considered as one of the most valuable assets that one can have in his portfolio.  Gold has hit its highest price at $1,600 per ounce which has produced such a strong market for sellers of gold. If you are one of those who think that gold will be an important investment against any future effect of inflation or a financial disaster in the market, buying gold will be one of the best steps that you can take towards a more secure financial standing.

The price of gold is always more than the value of your national currency and will always be a good thing to exchange for other commodities such as stocks and bonds. Experienced investors usually have a gold investment either in actual gold bullion or gold stocks which will give them a good leverage in case something not too good happens to their other investments.  Aside from that, actual gold itself can be used on purchasing goods in the market. Due to its high value, even a small amount will always be able to buy something that you need in the market.

There is now a newer group which sets the value of gold in London: the Barclays capital, Deutsche Bank, HSBC, Societe Generale, and the Scotia-Mocatt, institutions which are all concerned with gold trading.  So being closer to the entity which provides the cost of gold for that time period will give you a better chance for buying at the lowest price that you can have for buying gold. Even if the price does not stay that way throughout the day, it will serve as the standard by which subsequent prices of gold will move.

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Precious metal sellers in London will be able to provide you with either bullion coins, bars or numismatic coins. There is a wide array of coins available even those which are produced in other countries such as the Canadian Maple Leaf, the Australian Kangaroo and the African Kruggerand in addition to the British Sovereign.  They will all be sold at the current gold price and at the least seller’s cost which will give you a better advantage from buying from other sellers.

Buy Gold Bars in USA

If you are looking to invest in precious metals you may have considered buying gold bars in the USA. Gold has been a high priced commodity in the market which has a fair amount of returns for its investors, the value or price of it never being cheaper than the commodity which it can buy. This is one of the major reasons why gold is a sought after product which, with its limited production, has triggered the current price hike in gold. With large countries such as China and India making big acquisitions for this precious metal, the market will lost likely see a continuous improvement in the performance of gold in the market. Buying gold can either be for investment or for the mere enjoyment of the fact that you are possessing a very important property in your hands.

For those who are thinking of owning this metal for the future value that it will have, buying gold should be done with much discretion and careful examination about where you will store your investment. Gold is never a very secure object when placed in the hands of its owners: it can either be stolen or destroyed which is not a good future scenario at all. So if you want to buy gold in the United States, it would be better if you will have a plan on how you will store the metal, which can be either through a bank or a company which is involved in the storage of such precious items. Most likely, a bank will be the better choice since they are often backed by a government entity and is less exposed to any type of unfortunate incident.

One of the best places to buy gold in the USA is the American Precious Metals Exchange or APMEX. They have a wide array of gold products such as gold bullion coins and bars which is the better form of gold investments since they have lesser labor costs than the numismatic types. The gold products are available in either .995 or .9999 fineness which are both a good grade to start on. They offer a good deal for gold and will also provide their customers with the best services. They will also be there for any inquiries concerning gold storage and information regarding the selling of your gold in case you want to sell it in the market.

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There are also various entities which sell gold online which is a good idea if you are living outside of the US. The transportation costs may be quite significant since it may also include some insurance for the item. The Bullionvault.com is one the most trusted sites when it comes to online buying of gold and they sell the metal in a variety of weights ranging from one-tenth of an ounce to a kilogram. They also have several types of gold coins coming from different countries such as the Chinese Panda and the Australian Nugget both of which are very popular coins for collectors. Buying gold bars in the US can be done either personally or through the web, both of which can guarantee you the best deals for buying.