Perth Unveils Its Most Expensive Coin This Year: The Discovery
The Perth Mint unveils its most expensive gold coin ever. On September 4th, 2018 Perth showed off its two kilograms or 4.4 lbs gold coin they call Discovery to the rest of More »
The Royal Australian Mint Commemorates 250th Anniversary Of Captain Cook’s Voyage With Gold Coin
Captain Cook is an important figure in the history of Australia. It has been 250 years since the British Naval captain embarked on his first voyage in 1768 to find the Southern More »
Tricks of the Trade: Selling Gold Coins
For most of us who are new to the world of gold coins or numismatics might find this article useful, especially if you are about to embark on mission to sell your More »
Golden Legacy of the Sovereign Coin
Gold sovereigns are acknowledged as one of the oldest and most recognised gold coins largely due to their attachment to history and tradition that stems directly from the olden days of the More »
The Chinese Panda
The Chinese Gold Panda Bullion Coin issued by the People’s Republic of China was introduced to the Gold Coin Bullion market in 1982 with the designs changing every year (the older ones More »
Gold Coin Scams
Rising gold prices due to the current market unpredictability and chaos has caused gold prices to move forward at the start of this year and the precious metal’s profit potential is attracting dishonest con artists into the precious metals arena. These unprincipled con artists are taking gullible hard working individuals for a ride ranging from grading scams to packaging and selling non-existent and counterfeit bullion.
To give all the readers of this article the heads up on how these cams work, first let us start with the “Grading Game”. When it comes to gold coins the MS-70 category is the top notch “mint state” coin that has practically ‘never’ been touched by a human hand, which means that coins graded on this class have a much higher value, so what these scam artists do is, they simply lie about the grading. As an example, a 2002-W $50 Gold Eagle with an MS–60 grade is valued at approximately $1,650 whereas the same coin with an MS-grading is valued at approximately $2,850. New coin buyers will find it very difficult to tell the difference between these two grades as the MS-60 is ‘near mint’ condition and to unsuspecting and inexperienced buyers they would easily pass off as MS 70 coins and thereby they end up overpaying hundreds of dollars, the only way to get around this issue is to check with an independent source, although this might cost you a little, it is definitely much better than costing you hundreds of dollars for nothing.
Coin packaging are there for 2 reasons, one to protect the coin and the other is to hide its flaws, therefore coin buyers have to be extremely cautious about grading certificates and other ornamental holders that obstruct buyers from probing or examining coins. There have been incidences of dealers placing inferior products on fancy plaques or even behind multiple layers of transparent sheets to prevent buyers from inspecting the merchandise, this technique has landed buyers with gold-copper alloy coins instead of the real deal. The only way around this is to request the casing to be removed without obligations, if the seller refuses to comply, take your money elsewhere.
This is the ‘Big – Kahuna’ and although it may seem a little difficult to believe, there are dealers who actually do not deal with fake gold coins, they have taken things further and deal with coins that do not exist!
They draw up papers stating that they have gold coins and offer gold investors to buy gold bullion coins from them and even charge the buyers for storing gold coins that do not exist. So how do you get around this situation? It is simple, ‘take possession of your gold bullion coins – there is no other way!
Golden Coins – American Gold Eagle Coins
The American Eagle Gold Bullion Coins could be said to be the quickest gold bullion coins to set up a strong business sector position contrasted with every other bullion. This star gold bullion speculation coins which were printed from gold that is mined inside of the outskirts of the United States are additionally viewed as legitimate delicate as per the face esteem that is engraved upon it (alongside the net gold substance). Stamped somewhere around 1986 and 1991 the coins were engraved with Roman Numerals and changed to Arabic numerals the next year (1992). The American bullion coins are stamped with the 22 karat standard which is a great deal more solid and tough contrasted with most different bullions as to wear and tear (the 22 karat standard was really the built up standard for gold coins that were put into course over 3 centuries back). The way that these coins are hardier and impervious to scratches and marks, their resale qualities can be said to dependably be in ‘mint condition’.
According to coin collectors and bullion sellers the American Eagles are the main coins that come connected with an assurance from the American government as far as its weight, substance and virtue, in these manner gold coin purchasers keen on putting resources into gold have the capacity to purchase the gold bullion with full certainty. The American bird can likewise be incorporated into the financial specialist’s individual retirement store and the fortunate thing about the American gold bullion is that it is anything but difficult to stay informed regarding because of the way that each real news tabloid conveys provides details regarding the gold bullions cost developments (the bullion cost is basically in light of the substance of valuable metal in addition to a little charge to adjust coinage and circulation cost which will be in the long run be caught up with the regularly expanding cost of these gold coins.
The American Eagle Gold Bullion Coins are stamped in four divisions that is 1/10, 1/4, 1/2 and 1 ounce with every bearing a face esteem ($ 5, $ 10, $ 25 and $ 50 individually) as indicated by its lawful delicate worth which is much lesser than their genuine quality if computed by business sector cost of gold.The United States Mint presented the American Buffalo (likewise normally alluded to as the gold wild ox) which is 24 karat gold and much like the Canadian Maple Leaf Bullion vulnerable to taking care of harm because of the delicate quality of unadulterated gold.
Golden Coins – The Canadian Maple Leaf
The Canadian Maple Leaf that is created by the Royal Canadian Mint is the official gold bullion for Canada and has the most astounding gold substance virtue contrasted with whatever other bullion coin at a fineness of .9999 which makes it 24 Karats and containing nothing else except for gold separated from Canadian gold mines. The Canadian Maple Leaf Gold Bullion coin was presented in 1979 when there was a worldwide blacklist of the African Krugerrand because of the politically-sanctioned racial segregation administration. The Maple Leaf gold coin can be obtained in an assortment of categories beginning from 1/25 oz, 1/20 oz, 1/10 oz, ¼ oz, ½ oz and 1 oz with legitimate delicate quality (just in Canada) for $ 1, $ 5, $ 10, $ 20 and $ 50 individually (the lawful delicate worth is engraved on these coins). They additionally had a coin that was printed in 1994 with a $ 2.00 face esteem (1/15 oz) however the issue did not do as such well in the business sector and stamping the coin was stopped and they remain the main bunch that was stamped at that face esteem.
The Maple Leaf was possible in (0.9995 fineness) platinum as per the section of the gold Maple Leafs subsequent to 1988 alongside the (0.9999 fineness) silver maple leaf bullion with the face estimation of $ 5. In 2005 the (0.9995 fineness) palladium bullion was presented with a face estimation of $ 50 (this bullion was liable to Canadian tax collection). The greatest occasion that occurred including bullions and the Royal Canadian Mint was the point at which the imperial mint disclosed the Gold Maple Leaf Coin that was measured at 50 cm in breadth and 3 cm in thickness weighing at 100 Kg conveying the estimation of 1 million dollars. Planned by Stanley Witten, the fundamental goal of the monstrous gold bullion coin was to get the Maple Leaf coins into a superior business sector position in the global enclosure. The Royal Mint planned the coin to be a ‘coincidental’ show piece, however when they were drawn closer by invested individuals, the mint chose to make them upon solicitation and sold for between 2.5 million and 3 million dollars.
As far as Silver & Gold Bullion Investments go, the gold maple leaf however is powerless to hold up under indications of physical exhaustion and this is because of the immaculateness of the gold makes it delicate and effectively gets “marked” when taken care of without consideration. The Canadian Gold Maple Leaf likewise has been stamped for unique events, for example, the celebration of commemorations and the Olympics. These bullion coins however convey a somewhat greater quality than the coin valuable metal substance because of numismatic worth.
Golden Coins – The Krugerrand
Issued by the South African government, the Krugerrand is one of the most established gold coins issued on the planet with a standard gold substance or fineness of 0.916. The coin was initially stamped in 1967 by the South African mint with the sole reason for promoting South African Gold to the world. The point behind the printing of the Krugerrand was to support the private responsibility for and the in addition to purpose of the Krugerrand to the individuals who own is the way that this specific coin delighted in the status of being ‘lawful delicate’. It was the presentation and the achievement of the Krugerrand that started the generation of the Canadian Coin (Maple Leaf) towards the end of the 70s (1979) which was trailed by the creation of the Australian Nugget 2 years after the fact in 1981. Strictly when after a year did the Chinese Panda touch base in the business sector a year later took after by the American falcon in 1986, toward the end in the arrangement was the presentation of the Britannia coin which was presented in 1987.
If we follow Gold & Silver Buyers Advice, the Krugerrand Gold Coin is precisely 32.77 millimetres in width with a thickness of 2.84 millimetres. The heaviness of this well known gold coin is 1.0909 troy ounces which is identical to 33.93 grams. The coin is printed from 22 Karat gold which is 91.67 % unadulterated gold with 8.33 % comprising of copper (likewise generally alluded to as crown gold). The coin was essentially named after the statesman Paul Kruger who served as the president of the South African Republic for 4 terms. The coin bears his face on one side and has a portrayal of the springbok on the other side (the springbok is one of the numerous national images speaking to South Africa).
After 1980 the Krugerrand was reintroduced in diverse divisions other than the 1 oz with the ½ (16.965 grams), ¼ (1.888 grams) and 1/10 (1.35 grams) oz being brought into the business sector. Confirmation Krugerrand can likewise be gained in the business sector; however evidence Krugerrand are even more an authority’s thing as opposed to a venture bullion as the costs of verification coins as a rule have a higher worth than gold bullion business sector cost.
Whatever the structure that the valuable metal comes in, it is with no uncertainty that it is one of only a handful couple of items in this world through which esteem as far as buy force may be protected when acquired and put away securely as a long haul speculation. Putting resources into gold tackles numerous structures and the least demanding path is to purchase gold coins and the South African Krugerrand is among the most mainstream among gold coins that individuals putting resources into gold buy.
Gold Krugerrand
It is an undeniable fact that gold has been an internationally known measure of wealth since the birth of commerce. Gold has been used as an exchange for commodities; it was in the form of gold bars then. But as the civilisation grew, the invention of currency came, first coins and then bills. Gold Krugerrand is a South African gold coin which was first introduced in 1967. The term Krugerrand is derived from “Kruger” the name of the man illustrated on the coin and “Rand” the South African unit of currency. The gold Krugerrand was made to help market South African gold. Gold Krugerrand is the pioneer of gold bullion coins. It became popular and successful to gold buyers by 1980 gaining 90% of the gold coin market. Due to its fame and success many nations followed its lead, thus the birth of Canadian Gold Maple Leaf (1979), Australian Nugget (1981), American Gold Eagle (1986) just to name a few.
Most Krugerrand coins were produced as a limited edition or collector’s item coins. Gold buyers say that Krugerrand is an excellent way to invest in gold. With the growing recession and the decreasing value of dollar, the monetary preference of the world is also changing; good thing gold is a precious gem that has never lost its value through the years. Luckily, South Africa is the largest global producer of gold, which made it a lot easier for Krugerrand to conquer the world of gold coin market. Krugerrand paved way for people to buy and sell without the inconvenience of the heavy and old-fashioned gold bars.
How to begin collecting gold coins
One of the biggest secret that seasoned and experienced gold coin collectors keep is the fact that gold coins may be purchased at a relatively cheap price when the market is not rife with activity and seek out undervalued gold coins that may have numismatic value attached to them. The fact that gold coins that are actually quite rare are sometimes caught up with the market gold flow and is sold at the gold price value that is determined by the London gold fix.
Rare coins are most definitely worth more than the market gold prices due to the numismatic value it has based on date, region and rarity of the coin. Coming across these coins and being able to buy them at the market will definitely churn very good returns. The biggest setback however in this trade is the fact that the existence of gold coins are very niche and as such it is extremely difficult to find rare gold coins that are in good condition. Searching or hunting for these coins are not only difficult but very meticulous. However, once a formula and a path have been created it becomes quite easy.
Knowing what you are seeking is the first step to attain in this field. Read of on the existing coins, do research start from the top of the chain with finding out which is considered very rare and from there work your way down. After you are able to recognise these rare coins (bear in mind that copper coins that are rare also fetch very high returns and the same goes to silver coins. There are thousands of these coins ranging from extremely rare, very rare, rare, quite rare, and common. Most collectors specialise in a certain type or group of coins. Some go by region, some go by date, some go by origin, and some even adhere to the kind of rulers that issued the coins. Most of them do not keep track of all the coins that they possess.
It is a good idea to specifically choose a niche, but then again it might cause you to miss out on an opportunity coin. Even if you will be starting off with the American eagle or the Canadian Eagle it is still a worthy start that would eventually lead you into the right direction. Another factor that may help you into bargaining for the reduction in the price of the coin is getting well versed with the grading method attached to coins.