Gold… …it led thousands to San Francisco late in the 1840s
…it ’ s what the fabled Rumpelstiltskin made from strew …and it ’ s the metallic element that has been the material obsession of many for years.
gold coins were once the criterion of commerce for many nations — including the United States. nowadays, amber remains one of the most popular bullion ( cherished metallic element in bulk human body ) investments .
Facts About U.S. Gold Coins
The United States has been striking gold coins since 1795, and struck its last gold coin intended for circulation in 1933. After a suspension of many years, the United States began striking gold coins again in the 1980s, when the U.S. Mint started striking commemorative coins. It was besides during this meter that the U.S. Mint inaugural offered official “ bullion ” coins, minted in highly pure, precisely measured increments of gold ( besides silver and, more recently, platinum ). many gold coins minted in the U.S during the second half of the nineteenth century and into the first base decades of the twentieth hundred have values which have farseeing fluctuated with the prevailing gold prices .
- The best time to buy a gold coin is usually when gold prices are lower.
- The best time to sell is when gold coin are higher.
- The value of your gold coins will be largely dependent upon the current price of gold.
Must read: Should You Buy Gold Coins ? 3 Reasons To Buy + 3 Reasons To Wait
How Much Are Gold Coins Worth?
While bullion price adjustments may be highly important to understanding approximately how much your gold coin is worth and knowing what to expect to pay if you want to buy a gold coin, it is besides fundamental to know that many gold coins have prices and values which do not depend at all on bullion prices. Certain gold coins are rare and have values that remain high and surely tend even to increase because they are of numismatic value. ( That is, they have great importance to collectors not merely because of the gold content, but because of their relative scarcity ampere well. )
All of the U.S. gold coins minted from the 1790s correctly into the 1820s and 1830s are generally worth multiples more than bullion value, and many of the $ 3 gold coins and all $ 4 amber coins ( or “ Stellas “ ) are worth army for the liberation of rwanda more than bullion rate.
The 1907 Saint-Gaudens Double Eagle ( a aureate coin with a font respect of $ 20 ) is worth well into the thousands, and a 1933 Saint-Gaudens Double Eagle coin sold at auction for over 7 million dollars in 2002. By the way, the “ Saint-Gaudens ” term for the coin is actually a mention to its celebrated couturier, Augustus Saint-Gaudens. Because the gold grocery store is highly explosive ( aureate prices change by every sidereal day, much by respective dollars per ounce ), it is crucial that you look to a current coin price scout or a web site such as the PCGS coin price usher for more data about the value of any gold coins you own, or the price you may need to pay when buying a gold coin.
A great web site to check out for current gold bullion prices is The Bullion Desk. Remember, gold bullion prices prices quoted here are simply for the value of the metallic in the amber coins, per snow leopard. Most amber coins contain less than an ounce of amber — yet, most aureate coins carry a significant bounty in value over their bullion price because of collector concern or scarcity. several gold coins are worth many times more than the bullion monetary value, simply because of how rare the coin is.
A great book to check out if you are concerned in U.S. gold coins is Encyclopedia of U.S. Gold Coins ( 1795-1933, Circulating, Proof, Commemorative, and Pattern Issues ) by Jeff Garrett and Ron Guth, and offered by Whitman Publications .
Please leave this field empty
Don ’ triiodothyronine miss the latest peak !
Stay up to date with everything about U.S Coins
I ’ m the Coin Editor here at TheFunTimesGuide. My sexual love for coins began when I was 11 years old. I primarily collect and study U.S. coins produced during the twentieth century. I ’ m a member of the American Numismatic Association ( ANA ) and the Numismatic Literary Guild ( NLG ) and have won multiple awards from the NLG for my work as a coin journalist. I ’ m besides the editor at the Florida United Numismatists Club ( FUN Topics magazine ), and generator of Images of America : The United States Mint in Philadelphia ( a book that explores the colorful history of the Philadelphia Mint ). I ’ ve contributed hundreds of articles for versatile coin publications including neologism, The Numismatist, Numismatic News, Coin Dealer Newsletter, Coin Values, and CoinWeek. I ’ ve authored closely 1,000 articles here at The Fun Times Guide to Coins ( many of them with over 50K shares ), and I welcome your coin questions in the comments below !