The U.S. Mint produces American Eagle Gold Bullion Coins in four weights: one ounce, half ounce, quarter ounce, and tenth ounce. The coins are 22-karat gold, plus small amounts of alloy. This creates harder coins that resist scratching and marring, which can diminish resale value. Bullion coins are coins whose weight, content and purity are guaranteed by the United States government. They can also be included in an IRA.
The U.S. Mint does not sell bullion coins directly to the public. Learn more about gold bullion coins or locate a bullion coin dealer. Prices are based on the market price of gold, which fluctuates daily.
1 Our pricing is based off of the current TD bid and ask prices. The value of each product is dictated by the market price of gold, silver and platinum. Current market conditions may affect the value of each product and can change from second to second.
As mentioned above, gold bullion coins are preferred by many investors because they have the backing of central banks and federal governments. Additionally, these coins are issued by national sovereign mints and other state-owned facilities. The following are some of the most prolific issuers of gold coins:
The primary benefits to gold bullion bars for gold buyers are diversity and affordability. Gold bullion bars have lower premiums over the spot price of gold when compared to gold bullion coins, and the variety of options is far more diverse. Gold bullion bars are available not only in the aforementioned weights, but also styles including cast, hand-poured, and minted ingots. Gold bullion bars are struck continuously to meet the demand for gold, with the following refineries and mints representing some of the greatest refiners of gold bars:
If you run into any issues or have any questions as you buy gold from JM Bullion, we encourage you to reach out to our customer service associates. Our team is waiting to assist you on the phone at 800-276-6508, online using our live chat service, and via our email address.
When it comes to investing in physical gold, there are numerous choices available. Investors can go with gold bullion bars, bullion coins, collectibles and more. Although gold coins may have slightly higher premiums than gold bullion bars, the coins also carry a face value and are considered good, legal tender. Investors do not buy gold coins for their face value, however, they buy them for their gold content or collectibility. Gold coins offer investors a way to invest in gold that is simple, convenient and efficient.
Gold coins are small and can therefore be stored in a home safe, a bank safe deposit box or in the depository of your choice. Gold coin offerings have expanded greatly over the years, and now come in numerous weights. Smaller weight gold coins may be relatively more affordable and might be a good choice for smaller investors and those on a tight budget. In addition, certain gold coins may be eligible for purchase in an IRA account. Of course, you should check with your tax professional about rules and eligibility before purchasing gold coins for an IRA account.
The American Gold Eagle coin is one of the most popular gold coins in the world. It is produced by the U.S. Mint and carries a face value of $50. The coin is 22 karat gold, and therefore has a purity of 91.67%. The coin contains one full troy ounce of gold. These coins feature the famous Augustus Saint-Gaudens Lady Liberty image.
The Philharmonic gold bullion coin is a favorite among investors and collectors. This coin features stunning details of the Austrian Philharmonic Orchestra, from the building they play to the instruments used as part of the orchestra. The coin is made of 24-carat gold for a total purity of .9999.
The Australian Kangaroo gold coin represents the country of Australia. What better to symbolize Australia than the kangaroo Made from pure .9999 fine gold, this coin is recognized all over the world for its beauty, detail, and overall quality. It is perhaps the top-selling coin from the Perth Mint and is also considered good, legal tender in Australia.
The Canadian Gold Maple Leaf features the iconic Canadian maple leaf design and is produced by the Royal Canadian Mint. The Canadian Gold Maple Leaf coin is minted with .9999 pure gold, making it one of the purest gold coins on the market today. The coin has a $50 CAD face value.
The British Britannia gold coin is one of the most sought-after gold bullion coin series in the world. Introduced in 1987 by the English Royal Mint, this series has stood the test of time and is considered to be one of the most beautiful gold coins available today. They also carry a face value guaranteed by the Government of Britain and are available in several weights.
There are many different precious metals dealers you can buy from these days. Many dealers are now completely online and able to offer a wider product selection at lower prices compared to physical coin and bullion shops. If you have decided to buy gold coins from an online dealer, the next step is choosing which dealer to give your business to. Below we will outline some of the most highly respected online bullion dealers:
This is another sizable dealer that has been in business for some years now. Provident also features a wide selection of gold coins for sale and will also happily buy your gold coins back should you ever decide to sell. They too offer free shipping on orders exceeding $199 and have a five-star rating on over 40,000 customer reviews.
BGASC is another dealer that offers value on gold coins. This dealer has a good selection of gold coins to choose from and sells both bullion as well as proof version coinage. BGASC prides itself on quick shipping and low prices, with most orders being shipped the day after cleared payment. You can order online from them 24/7 and they also offer an IRA account option.
In addition to online precious metals dealers, there are other places you can buy gold coins as well. Local dealers commonly referred to as coin or bullion shops may also feature a good selection of gold coins to choose from. Local coin dealers will seldom have deep selections that compete with online dealers, however, they may have lower pricing on a more limited selection.
TV dealers are another way to get gold coins. These dealers, like coin shows, may try to push numismatic coins or sell coins for higher premiums based on their collective value. These values are usually non-existent, however, and are simply a way for the dealer to make more money and for the buyer to lose more money.
When comparing online dealers, make sure to also factor in any additional costs such as shipping and insurance. These costs can add a lot to a transaction and must be carefully considered before purchase. An educated customer is a good customer, as the saying goes, so make sure to educate yourself on dealer offerings, bulk discounts, and all aspects of buying gold coins online.
If you want to stick with highly recognized gold coins, you need to stick with the basics. These include coins such as American Eagle gold coins, Canadian Maple Leaf gold coins, and South African Krugerrand gold coins.
Many investors struggle with the decision of whether to buy gold coins or gold bars. Both have their advantages and disadvantages. Gold coins, for example, may have higher premiums per ounce compared to gold bars. Coins typically have far more design work and detail on them, however, and oftentimes are also good, legal tender and carry a face value. Gold bars are usually simpler in design, are not good legal tender, and are made for stackers who want to acquire and hold as many total ounces of gold while paying as little premium as possible.
One of the scariest scenarios imaginable for a gold buyer is the unknowing purchase of fake gold coins or bars. Lookalike fake gold coins are produced today in many styles and qualities, and often look no different than comparable real gold coins. As metals prices have risen in recent years, so too has the amount of fraudulent coinage being sold. Fortunately, there are some things you can do to protect yourself.
Avoid buying gold coins from pawn shops. Even professional coin dealers and pawn shop owners are not infallible in buying fake gold coins, and they may do so without even knowing it. Do not become the next person in the line of the scam-avoid buying gold coins from pawners and only deal with recognized and well-known professional dealers.
Another way to avoid buying fake gold coins is to buy only certified coins. These coins come in a slab from the authenticator, and you can easily call the authenticator with the coin number on the slab to verify it was certified. These coins may cost more in premiums, but they may be well worth the cost if you are concerned about buying fakes.
Like many other products buying gold online can be as easy as point-and-click. The best dealers have a well-organized website with easy navigation to find and compare products by category (i.e., bullion by weight, coins, out-of-mint coins, etc.). With most dealers, once you find the product you want and start the checkout process your price is locked in for a short period, typically 10 to 15 minutes. You need to complete your purchase before the pricing expires, or you may see the price adjusted up or down based on how the market is moving.
On July 26, 1933, the Columbus Dental Manufacturing Company applied to the Federal Reserve Bank of Cleveland for $10,000 in pure gold. The next day, the Bank approved the application, sending the firm twenty-nine gold bars weighing 476.92 ounces and valued at $9,867.14. In the depths of the Great Depression, why was the Cleveland Fed supplying gold to a firm that made false teeth, rather than supplying gold coins and a gold-backed currency to banks Does the Federal Reserve supply gold to dentists today
Section 2 of the act transferred ownership of all monetary gold in the United States to the US Treasury. Monet