Buy Gold Info

Gold Proof Coins

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Coin collecting with gold proof coins can be an effective way of investing your money in gold. Placing your money in gold is a good way of preserving and even increasing the value of your money for the years to come. Since gold is one of the commodities in the market which continue to improve their value, it is only a matter of common sense to invest in this precious metal. There are a lot of reasons for investing in gold and beauty is one of them. Those who are in the lookout for excellent specimens for a recently released gold coin may often opt for the proof type of coins which have a much clearer outline of the coin’s design and also a mirror like effect which is much preferable if you like to collect coins with an excellent form.

Although these proof coins actually costs a lot more than the regular or bullion types, there is a something more special when you buy gold proof coins. They are made from specially made blank coins which are manually fed to a press which has a special die made for proof coins. Some dies are also especially made for proof type of coins which adds to the cost of production since they would need to make another die. They are pressed repeatedly about three or four times in order to get that mirror like effect on the coin. This is one of the reasons why proof coins actually cost much more than the bullion types. The cost of producing these coins help increase the price of the coin whereas it also contains the same amount and karat of gold as the normal ones.

Proof coins are usually bought by gold coin collectors who can afford to spend that much on a same coin which only is made with a more detailed process and also a better blank. But although the designs are just the same, the quality of the image is much better in a proof coin. This is why most precious metal coin collectors will prefer the proof type rather than the bullion type. It is for the image in the coin and its quality which they are after and not on the actual gold itself. This characteristic of the coin also helps increase its selling value which although may not match for its increase value due to gold content, may be an leverage factor in buying such a coin.

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The limited numbers of proof coins that are produced make them also much expensive to buy even when they are bought second-hand. Some mints produce only about a hundred making their scarcity a determining factor in pricing the coin. Aside from this, proof coins are also packaged differently than the normal ones being packed in individual cases made from either leather or wooden boxes, giving a good way of showcasing the coin for your friends and relatives. Either way, if you are buying gold coins to enjoy their design, proof coins would be the best way of getting them.

Krugerrand Value

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To determine the value of the Krugerrand coin you must first determine the quantity of gold in your coin, then compare the amount of gold to the current spot price. Buying Krugerrands is rising in popularity as it is one of the best ways to convert your cash into an investment that will not be affected by any change in the situations in the market. It is also the official coin of South Africa which makes it a safe option when investing in gold. It typically contains an exact one ounce of gold in every coin. The value of this gold coin depends on the current market value of gold plus an additional margin from the seller or dealer. They are however priced cheaper than other bullion gold coins such as the American eagle due to the past banning of the coin in the United States. But all in all, the coin is worth its value and even more due to its strength and durability which cannot be found in purer gold coins. They are also one of the more highly prized gold coins due to their rarity and designs.

The Krugerrand is one of the most popular bullion gold coins in the world due to their lower costs and also the variety with which investors can buy them. They range in sizes from one ounce up to one-tenth of an ounce which provides more flexibility for the buyer. Aside from this feature, it is also one of the first gold coins to be manufactured as a bullion coin in the world. Its success helped brought about the creation of other gold coins in the world particularly in the United States and also in Australia and Canada.  It was issued as a coin which can be used for regular transactions involving monetary considerations and hence can be used just like a normal coin although its value is a bit higher. The value of what you can buy with this coin will depend on the current price of gold in the international market. So, what you have in your hands is something that will most likely increase in value although you are not adding any new material to it.

The current gold price for a Krugerrand ranges from $1,711 to $1,685 depending on which seller you are buying your gold coin from. Some of these prices do not yet contain the additional charges for shipping and insurance which can still cost you a significant amount. They also charge different rates of premiums which can greatly affect the price of the gold coin. However, you can get a discount when you buy on bulk since the premium decreases significantly as the amount of your purchase increases. So it is better if you will buy at least ten coins at a single purchase.

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Unlike other gold coins, the Krugerrand does not contain any face value in its face. The worth of the coin will change depending on the current price of gold in the market. Having a 22 karat gold which has an alloy of copper, it appears less golden when compared to other gold coins in the world. But although it may be so, it does have a much resistant composition which is just needed since it is used for circulation.

California Gold Coins

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Genuine gold coins from California are highly sought after by coin investors who have an affinity for the Old West. During the famous California Gold Rush era, the numerous amounts of gold that were being produced in the mines necessitated the production of larger gold coins. This means that trades that may be done in smaller changes would be limited due to the lack of the particular coin that will suit the exchange.  Most of the coins that were being minted by the government were either too large or were being hoarded making them unavailable for circulation. So with this setting, some gold producers decided to mint their own smaller coins which will fit some of the smaller purchases that would need to be done on their trades. During that period either the dusts of gold or small nuggets were being used for smaller transactions.

During the middle of that century, gold manufacturers decided to make smaller coins which will have lesser values than that which was available. Thus, smaller gold coins were only issued by private companies and jewelers which saw the need for such smaller denominations. Most of the coins were produced during the 1850’s when there was a great demand for such coins. Most of these smaller coins produced in California are categorized into two types – those that were produced from 1852 to 1856 and those that were produced during 1859 to 1882. The first group was circulated and was used for trade and so shows much more signs of wear due to their usage. But the second type were more used for collection and hence are in much better conditions. The latter also possesses lesser amounts of gold.

The usual denominations for these smaller California gold coins are one dollar, fifty cents, and twenty-five cents. They come in various designs due to the different sources from which these coins were struck. You can find them in round shapes or octagonal shapes and they can be collected for their designs or  by their amounts. Either way, they are still a nice collection for the history behind them and also for their gold contents. They also have their owned designated numbers known as their BG numbers.

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One of the more popular producers of these smaller denominations is the Frontier, Deviercy and Company which produced a vast amount of these small coins during the period. There also is the Louis Nouizillet and Company which made the more famous octagonal 25 cent coins. There are also both round and octagonal coins in all of the denominations in this era. Featuring various designs ranging from stars and dots to eagles and arms designs, one can surely enjoy collecting these coins for his own gold coin collections or as investments. There are a lot of sellers of these types of coins but one should be careful when choosing from whom to buy since there are a lot of fake dealers of these coins. Knowing that there is a demand for these limited coins, most have taken advantage of it to make some profit. Inform yourself with how the originals look like so you don’t become a victim for these fake coins.