Buy Gold Info

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.

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.

Sell Gold Coins

Are you looking in to selling gold coins and profiting from the record high gold prices? When you invest in gold coins, there are probably several reasons why you had to do so in the first place. Those reasons also become a crucial factor when you begin to sell them in the market for a profit.  A lot of buyers of gold coins do so for a variety of reasons just as there are several types of gold coins in the market. When you bought your coins, was it for its future investment potential, the rarity of the collection, or is it for the design and beauty of the coins for which you bought them? These same reasons will also affect the type of costumers that you will have and the amount of profit that you can get out of those coins.

Gold is usually thought to be a good investment as its price or value in the market never fails to be valuable for any necessary expense that you may want to make. The currencies of the world may be at a low or high exchange rate depending on its performance in the market but gold is always at the top. To site a clear example, gold has always had its value made in terms of its weight, against the value of the US dollar. As the value of gold goes up, the dollar’s value drops.

This is one of the reasons why some people purchase gold for the simple reason of securing a better financial standing in the future. Gold never comes out of good value and they always have a ready buyer in the market. These types of buyers usually go for gold coins in bullion form. They go for the actual value of gold in its weight and not for their particular design or rarity.

If your gold coin is the same type as above, then you should expect to sell the gold for its current market value . You can also read more about the value of gold coins at this post. Just find the current price of gold in a particular weight such as grams then multiply that with the weight of your gold coins.

If however, your gold coins are made for some commemorative event or has a very interesting design, then you can sell that over and above the price of gold per weight. Some collectors are ready to buy them at your price and even much more than that if it is one of those hard to find editions of the coin. Some examples are the Saint Gauden’s double eagle and some other commemorative coins. You can also try some of the more rare editions gold coins issued by various mints all over the world. But the most sought after would be those from Canada and the USA.

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So if you are thinking of selling your gold coins, you should take into consideration if you are selling some bullion coins or other commemorative gold coins which will cost more than the former. The type of your product will mean a difference to the amount of profit that you can make out of them.

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.

Gold Coins Value

The value of gold coins is largely dependent on the amount of gold found in the coin. Gold is one, if not the most precious metal in the whole wide world.  Along with platinum and silver, gold is a precious metal for its rarity. It has been used in our everyday lives like in trade – present in coins, in beautification and adornment -jewellery and house decors – and in science and dentistry -dental gold. Gold’s worth could be seen as it has been used during the ancient times, from the Egyptians, Chinese to Aztecs. The Roman Empire used gold as coins. The king or emperor of the Roman Empire wanted to devalue this gold coins by putting in metals or lesser worth.

Apart form it’s rich history, gold has been invested upon through bullion. It has taken the forms of coins, gold wafers and gold bars. Many investors and collectors turn to gold for their earnings to increase. One of the best gold coins is the Canadian Gold Maple leaf. It has been praised not only for its value of .999 or 24 karat, but also for its magnificence and beauty in design.

There are many gold coin collectors. However there are many aspects that determine the authenticity and value of a gold coin. The factors that settle on this are its rarity and age. The rarer and the older the coin is, the higher the price value a collector will get for it. Another factor that would decide on a gold coin would be its condition. Also, the number originally minted determines the price value of a certain gold coin. There are also bullion coins, which are precious metals, which have been formed in bulk and are usually traded in commodity markets. Although becoming a rarity, many countries still mint bullion coins. They usually weigh and come at around one ounce or, a half ounce or quarter of ounce, or a tenth of an ounce and even in a one twentieth of an ounce. Bullion coins are often valued under its mass and purity and not by its face value.

Gold also has been used as a decorative furnishing. It has been used in jewellery and even in house interior decorations. It is one of the strongest metals, strong yet it could easily be formed. Apart from this, many invest in gold as decor for its ability to maintain its gleam and shine and its capacity for easy preservation for it to be still sparkling and looking great.  What more, gold does not easily tarnish, nor rust nor corrode, making it good for jewellery and other pieces of adornment.

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Many of the most popular gold coins available right now for purchase are the American Eagles, Double Eagles,  Australian Sovereigns, Australian Kangaroo, British Sovereigns, Chinese Panda, Austrian Philharmonic, African Krugerrands, and the Canadian Maple Leaf. Click this link to learn more about the best gold coins to buy.