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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 Coins in the UK

Interested in finding out how to purchase gold coins in the United Kingdom for investment purposes? Since gold has increased in price for the past five years and is now one of the best investments that one can make for the current period.  It has considerably increased in value in direct contrast to the performance of the dollar in which the price of gold in which its value has always been expressed.  The UK however has laid only a very low interest rate for its gold commodities and also the recent crisis in Europe has made this recent increase. From the recent report of the performance of marketing commodities in the United Kingdom, gold has been shown to be the top ranking investment when it comes to the amount of returns for its investors. Hence, if you are thinking about making a good investment, gold will be the best thing to invest on.

There are several gold trading companies which have their own website that can help you to the step by step process of buying gold in UK. They will also provide a good list of gold sellers and what types of gold coins to buy and also the best time for you to buy them. They will also provide you with the current price of gold in the market and where you can buy them with only a small seller’s commission added. They are all good things to consider before buying gold coins in UK.

If you want to be perfectly assured with your gold coin purchase, the best place to get them would be straight from the place where it is being produced – the London Mint Office.  Aside from selling them through the mint, they also allow buyers to acquire it through online buying. The mint has also an established reputation in the world which is one of the reasons why buying from it will be the best way to get your gold coin. They have an array of either numismatic or bullion coins which are both a good way of investing in gold. There are newer issues from the mint such as commemorative coins from the recent wedding from the Royal family and also the more famous British sovereign. They also have foreign denominations such as the Canadian Maple Leaf and the African Kruggerand.

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If you happen to be lucky enough, you can also obtain a gold coin at a discounted rate which the mint gives for some customers.  They also have an excellent customer service which is one of the reasons why most people are happy to get their coins from them. They can also return the item if they happen not to be satisfied with what they get within 14 days from purchase. Now that is a very rare opportunity for a buyer to take advantage of compared to buying in other precious metal sellers. Not all of them will offer to give you back your money if you are dissatisfied. You can buy their gold coins easily with the quick check-out process that the mint has implemented yet recently.

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.