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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.

Buy Gold Coins from Banks

Buying gold has always been a very reliable step into making a good future for your investments. Not only has gold been highly valued ever since the dawn of civilization, they also always have a good exchange rate wherewith you can make a good profit from your initial purchase. One of the ways where you can own gold is by buying gold coins. Aside from the practicality of their size, they are also cheaper than gold bars which you may not be able to afford at the moment. If you are thinking of buying gold coins, the best way to get them would be from a trusted coin broker. Banks are generally more reliable sources of purchasing gold since all of their issuance are authentic and are less subject to having some problems during the sales transactions. However, most banks that deal in selling gold only do so in gold bars or ingots.

With the advent of the internet, it is now possible to obtain gold coins by buying them online. But not all sellers are reliable on the web so it would be better if you will make a purchase through some government mints or through banks themselves. These will make it less riskier and also will ensure the safety of the purchase itself. Aside from that, gold coins are usually not sold through an open market such as the Dubai Gold souk if you are living in the United States. It just doesn’t happen that way.  If you want to make a purchase in gold coins in the US, you might as well get them through the United States Mint which produces only a limited stock due to the cost of production and the cost of gold itself. There are various gold coins for you to choose from either for a collection or bullion coins. There is also a limited variety when the mint wants them to be highly valuable and also to be in good safekeeping.

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Banks are always the best place to buy a gold since they are assuredly authentic and will not be involved in any type of monkey-business.  Unlike those which just sprout somewhere and are gone the next day, banks are sure to deliver what they had stated in their product’s descriptions. Aside from that, you will be able to put your precious metals in their safekeeping after you have bought them. Which is a good thing since it will cut the cost of looking for a good way of storing it.  Banks also sell gold at the current gold rate with just a few percentage over the spot price so it is a good way of buying gold. Since banks usually have a current rate price of gold, they will surely be able to sell you one at the current selling price. If you buy outside, you may get a lot of charges from the seller’s commissions to the other costs which may be added to it. So if you want a better assurance of buying gold, getting them from a bank would be a much better and safer manner to do so.

Gold Coins as an Investment

Have you ever considered purchasing gold coins as a long-term investment strategy? People usually think that buying gold coins is one expensive hobby that is only for those who are foolish enough to spend their money on such things. However, what they do not know is that gold coins can also be a secure form of investment which will surely be worth their purchase price today and for years to come.  Gold coins not only have that precious metal content which determines its value, its designs also is one which will make it worth more than double its price in the future. So it’s not a bad investment after all.

There are various minting stations in the world which produces these gold coins. But the most trusted of them would be those which are owned by their respective governments. They produce only hundreds of such coins since it is not supposed to be used for circulation and neither is there such a great demand for it as those of the circulated coins.

What determines a coins value is the karat of the coin or the parts of gold per thousand and the weight of that gold that is actually contained in it. There are several coins which are made from 999.9 percent gold which is considered to be the highest type of gold karat. Others are made from 997 or 995 percent gold which commands a lower price than that of the purer forms. Gold coin weights come in ounce, half-ounce, quarter of an ounce and one-tenth of an ounce which makes it pretty easy for one to determine its price unlike that of gold jewelries which have varying gold weights. Coins are made in these standard forms through the different countries in the world.

The amount of gold or its percentage in a gold coin will also be a valuable asset since the purer the gold the higher is its price in the gold market. Gold coins can be in 24 karat, 22 or 20 karats. Some of the purer coins are the Canadian Maple Leaf and the American Buffalo coins which are made from 999.9 percent gold. They are much more malleable than the other coins but since they were not made to be manually handled, that should not be a problem. There is also the Austrian Philharmonic which is also 999.9 gold. The South African Krugerrand and the some Australian coins are made from 995 gold which is a bit cheaper than the former purer types of coins. A popular gold coin with less gold content is the 2011 Proof Gold Eagle. This coin has a composition of 91.67% gold, 3% silver, and 5.33% copper. The 2011 Gold Eagle coin began being produced at the U.S mint in April 21, 2011.

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The design of a coin and its rarity will also help increase its value in the market. Those which are produced in limited quantities will command a higher price than the more common bullion coins which are mainly for investment purposes. The less of it that was produced, the higher would be its selling price for the collectors who value them.

The value of gold has been continuously on the rise for the past decade and the record for the past 50 years has shown that it will be one of the most important investments that will continue to improve its value as time goes by.

Buy Gold Coins in India

Interested in buying gold coins in India? India is one of the top consumers of gold in the world so it is little wonder why they have a large amount of gold sold in the market.  Gold is considered as a part of Indian life since it serves various purposes from a person’s birth up to his death especially during marriage where the bride and groom are both required to present some gift to each other – gold being considered the best of them all.  The Indian market has a lot of special boutiques and shops which sell gold just like they sell peanut on the market.  The abundance of supply and the many skilled artisans that can be found especially on the capital on India contributes to the high availability of this metal in the market.

Gold coins however are a different thing.  Indian coins have not been used in circulation for a long time now and has if you are looking for a rare antique gold coin, you may need to have a guide with you who specializes in identifying genuine gold coins from the fake ones.  There are a lot of sellers of such things in the market and you may never know when the coin is real or not.

So to make sure that you are getting a genuine gold coin, you should buy them from banks.  Gold coins are sold in four, five, eight, 10, twenty, and 50 gram variations in Indian banks.  Most of them are made of 24 Karat gold hence it is rare to buy something lower than that.  The banks that you can buy them from are the Bank of India, which is its national bank, and the Bank of Baroda which is of international circulation. As of this date, the coins are priced as follows: 4 grams = INR 11, 630; 5 grams = 14, 573; 8 grams =23, 102; 10 grams = 28, 914; 20 grams = 57, 285; 50 grams = 139, 765.

There are also gold retailers and local jewelers which deal with gold Indian coins which can be found through its various dealers – and you can buy them at a lower price – but the assurance of the genuineness of the coin is at stake.  Although these dealers put a lower cost upon gold, some of them do not put a premium on selling real, authentic 24 Karat gold coins.

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If you would be buying gold coins from such sellers, you should be ready with sufficient knowledge about how the buying is done with such agents.  You should know what they have in store and how much the present market rate is for such gold coins.  Some may even tell you that they have some rare old coin but always be on your guards for such trades.  Knowing somebody in the area will be a good thing since they will be the ones to know if these traders are selling real coins or not. But the best way to buy your gold coins would still be through the national and international banks in India.

Buy Gold Coins

In this video you’ll learn more about how to buy gold coins. Many new gold investors immediately think they should be buying gold bars. However, this mindset is typically because people associate buying gold with the gold bars you see on the TV. Most gold bar buyers are large investors who invest over one million dollars in their gold holdings in 400 ounce bars and have them stored in a depository. Smaller investors usually buy gold bullion coins because they allow for greater flexibility and availability. There are several popular coins to choose from. One is the Canadian Gold Mapleleaf by the Royal Canadian  Mint which contains exactly one ounce of gold. Another choice for gold coin investing is the U.S American Eagle coin which is 90% and contains exactly one ounce of gold. There’s also the U.S Gold Buffalo which contains .9999 of fine 24-karat gold. These coins are actively traded and can be often purchased in amounts of ten or more for 5 1/4% to 5 3/4% over the current price of gold. These coins can also be easily sold at about 3 1/2% which makes investing in these coins affordable for the small investor. You can take delivery of your gold coins at home and have them on hand when you need them.

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