1885 carson city morgan silver dollars Updates
American Eagle Bullion Gold Coins - The Perfect Time to Make Inflation Work For You
By Matthew Chang
Economists won't admit it, but we are now in recession, and with the inflationary pressures on the horizon...can you say food and gas prices? The question on the minds of many is, how can I preserve my investments against the declining dollar? Enter gold and American Eagle Bullion Gold Coins.
One very simple way to hedge against inflation is gold, and a smart way to get into the gold market is through diversifecation in US minted American Eagle Gold Coins.
With it's introduction in 1985, Congress authorized the creation of the American Eagle as a way for investors to easily and conveniently gain access to small stakes of gold for their investment portfolios. The first actual minting and release came a year later in 1986, with 4 sizes, which are the same that are available today. The sizes, starting from smallest to largest are: 1/10 oz, 1/4 oz, 1/2 oz, and 1 oz. Interestingly, law states that the gold used in the American Eagle can only be from mines in the United States, and this practice is still in use today.
Per the U.S. Mint, the American Eagle gold coins are the only officially investment grade gold bullion coin whose weight, purity, and content are guaranteed by the government. Each coin is 22 karats. The other 2 karats that make up the total metal of the coin come from silver. The silver is necessary as gold is a soft metal, and a pure coin would not hold up without significant defacing.
The American Eagle Gold Coins are very liquid and can be quickly sold for cash at many dealers and auctions, and technically can also be used as legal tender. The 1 oz coin, for example has a face value of $50, how ever, the metal value in the coin is easily worth twenty time that at this time of writing.
As the US dollar continues to weaken, the value of the gold coin continues to rise, and no ceiling is in sight.
About The Author
Get great pricing on American Eagle Bullion and Proof Gold Coins when you buy at auction. Safe and great auctions ending every minute at http://eaglegoldcoinshop.com
More Gold & Silver Coins News
One of the best ways to arm yourself against the savvy coin dealer is knowing the wholesale prices he pays for his coins. A very widely-used standard in U.S. coins is the "Grey Sheet," sometimes referred to as the "CDN." This is the Coin Dealer Newsletter, which is printed on grey paper stock, and comes out weekly. Most serious coin dealers subscribe to this publication, which lists the "bid" and "ask" values for every major type of U.S. coin, plus mint sets, slabbed coins, and banknotes (called the "green sheet.") "Bid" prices are the prices that dealers are paying if another dealer brings the coins to them. "Ask" prices are the prices for coins a dealers asks to buy. For example, if I call and ask to buy 100 common date Silver Eagles, I'll be quoted the "ask," or selling price. But if I want to sell the 100 Silver Eagles, I'll be quoted the "bid" or buying price. The difference between the two prices is the profit margin. It is quite thin for most coins.
Buy gold coins.
When investing you want to weigh very heavily towards the coins that are most readily accepted at coin dealerships and markets around the word. Following are some of the most popular styles: American Eagle, American Buffalo, Canadian Maple Leaf, South African Krugerrand, Chinese Gold Panda, and Vienna Philharmonic. Some of the above listed coins are 22 karat gold (Eagles and Krugerrands) and others are 24 karat gold (Buffalos, Maple Leafs, Pandas, and Philharmonics). The great thing about buying a good variety of coins is you will diversify between 22 karat and 24 karat as well. Before buying, make sure you do your research and don't let the coin dealer talk you into something you're not interested in owning.
You can buy a coin book that hold silver dollars in our Silver Dollars Galore store.
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United States: American Eagle gold coin. These coins resist the scratching and damage which can diminish resale value, because it is minted in 91.67 fine gold, which produces harder coins.
Buy 2003 proof gold coins in our store.
Ebay has something great going for it: You can find a lot of great lower priced coins. What if you want to buy just one 1/10 gold bullion fractional coin. With the price of gold around $1000 per ounce, there is definitely a shortage of gold coins these days. If you go to your local shop, you might not be able to find what you want. I personally cannot find fractional Krugerrands anymore. If I go to a larger full service dealer, they're going to want a larger purchase. So what am I supposed to do if I want to make a small purchase and not have to buy several ounces of $1000 gold at a time? Ebay is a great solution. Ebay always has sellers who carry smaller fractional coins and specialize in smaller transactions. With low overhead, Ebay sellers can afford to specialize in small gold and silver coins that may not make economic sense for larger dealers. If you are a small time gold investor (or maybe a large time gold investor who wants to pick up a few smaller fractional coins), Ebay is the leader.
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Throughout time, from the Greek and Roman ages to more modern times, civilizations flourished with sound money. The gold coin has proved to be the time-tested answer for societies desiring economic prosperity. The alternative, fiat currency, has resulted in the demise of prosperous civilizations since Roman times. The word "fiat" means by government edict. It is simply impossible for a government to magically proclaim sound money and reliable purchasing power of wealth with paper currency. This fact prompts Americans to consider investing in gold coins.
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Your Latest 1885 carson city morgan silver dollars News
Numismatic News and Blog Headlines - Nov 25, 2008
Tue, 25 Nov 2008 14:42:57 +0000
Four numismatic articles are referenced on CoinNews every Tuesday and Thursday. These articles are not authored by us, but we recommend collectors read them for their unusual or interesting content. Here are today’s articles:
Century Later, Gold Coin Reflects Sculptor’s Vision
By Matthew Healey, The New York Times
With the push of a button ...]
Australian Perth Mint Suspends Gold Orders
Tue, 25 Nov 2008 00:58:29 +0000
The Australian has reported The Perth Mint of Australia has suspended gold orders until January.
“We have never seen this before and are working right at capacity. And we are seeing it from clients in the shop buying one ounce, right up to 30,000 ounces from overseas clients,” said Ron Currie, Perth Mint ...]
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