Gold Coins- Insights
Among all the links that form the chain of coin collection, gold coin dealers are the most important link. They buy coins from different sources and sell them to collectors or investors. A collector who wants to dispose off his collection to safe hands can also approach a gold coin dealer. These are the professionals in the sector of coin collection. They do it to make a living and the level of expertise gained by gold coin dealers can only be termed magnanimous. If you're looking for more tips, goldrushcoinsandjewelry has it for you.
The coin collectors come in contact with a number of coin collectors during their business dealing. Most of the time, collectors have more than one coin of the same time and they sell off the coins.
Services offered by a gold coin dealer
First and foremost, the gold coin dealer sells gold coins to a customer. The customer may be a collector of gold coins, a person investing in collectibles or a person simply investing in bullion. The gold coin dealers procure coins from a number of sources and then sell them to people who want to buy gold coins. Most of the gold coin dealers do their business within the country but there are a number of veteran dealers who can export gold coins overseas with proper licenses and paperwork.
The gold coin dealers only buy the coins for resale if they are satisfied about the validity and genuineness of the coin. It is a necessity for them to be sure about the value of gold coin if they do not want to suffer a loss. In a number of cases, the gold coin dealers can provide their expertise for hire. A gold coin collector can get his collection valued by a gold coin dealer when he wants to know the net worth of his collection
Apart from this a number of gold coin dealers also act as gold coin brokers for people who are interested in selling off their gold coin collection but want the collection to be sold to a gold coin collector only. This is mostly done when the collector develops an extreme emotional attachment to his collection. The idea is that the buyer can take appropriate care of the collection. Apart from this a number of gold coin dealers are also known to help people get loans from various sources with the god coin collection being held as mortgage.
Gold Coins: Secrets Revealed
With turbulence and uncertainty in the economy, more investors are looking at alternatives to the usual stocks, bonds, and mutual funds. More investors are becoming interested in precious metals, especially gold, as an opportunity for diversifying their investment portfolios. One of the factors driving this interest is the fact that many experts believe that gold at present is much undervalued. Some have been making claims that its price could rise by another 50%. Since 1999, the price of gold has risen over 500%. For those investors considering moving some of their portfolio out of the volatility of the stock market they will be reassured to know that over the last 10 years gold has outperformed the market by 400%. Have a look at gold coins for more info on this.
Rising Debt and the Shrinking Dollar
Imagine what a diminishing dollar is doing to the value of your retirement portfolio and the effect it can have on your future income. With the stock market riding at record levels and the national debt ceiling as high as it's ever been, it would seem that a strong market correction is in order. Whether this amounts to a strong correction or a full-scale meltdown remains to be seen. What no one wants to see is a return of what happened in 2008 when retirement accounts lost $2 trillion in value in only 15 months.
The smart investor knows the value of diversification. Based on recent history, gold - and more to the point, gold coins in a gold-backed IRA - would seem to be one of your more secure investment choices.
Coins or Bullion?
Most people think of gold bars when they think of gold. It's usually how gold is represented in the movies. Gold bars can be a simple and efficient way to invest in gold for the large-scale investor. For the rest of us, gold bars are not as flexible when it comes to selling. The buyer's choices are more restricted as a seller will need to find a large dealer. The pool of private buyers will also be smaller as most people are not familiar with gold bullion bars.
Gold investment coins, on the other hand, are available at very competitive prices compared with similar size bars. Because gold coins are almost universally recognized, they are also easy to resell. For the great majority of us, coins are the way to go. Once the decision is made to purchase coins, what is the next step?
What Are Investment Grade Coins?
According to IRS regulations, coins worthy of investment grade must consist of at least 22k of purity. By purity they mean higher constituency of gold versus alloy metals like copper or even silver: the less alloy, the higher the purity. While some investors may prefer 24k gold coins, coins containing some amount of copper have a tougher property and are less likely to get damaged in the course of handling, especially if the coin changes hands frequently. The chances of this happening are more unlikely these days as the coins, especially those kept within a retirement account, are tucked away in depositories or safes. (Accessing the coins is considered a taxable event.) One of the additional benefits to owning gold coins is that if it ever becomes necessary, coins can be used as cash.
What Gold and Silver Coins Are Allowed in an IRA?
IRS approved coins for IRAs include the Chinese Gold Panda, the U.S. American Eagle, the U.S. Gold Buffalo, and the Canadian Maple Leaf. Approved silver coins include the Chinese Silver Panda, the Austrian Philharmonic, the U.S. Proof Silver Eagle, and the Canadian Maple Leaf. All of these coins meet the necessary government standards of purity and quality.
What Is the Best Gold Coin for Investment?
The investor has many options to choose from. One popular option is the limited edition proof U.S. American Eagle gold coin. A special minting process is used for the production of the unique and collectable coin. Burnished coin blanks are manually fed into presses fitted with special dies. In order for the coin to achieve this level of quality it is struck multiple times to yield images of remarkable sharpness and clarity. The finished coin reveals mirror-like fields laid over with a state-of-the-art laser frosting. Careful inspections are made by white-gloved inspectors to each gold and silver proof coin. Then, the coin is sealed in a protective plastic capsule and mounted in an elegant, satin-lined velvet presentation case. Each coin comes with an official Certificate of Authenticity. Because American Eagle Proof Coins are produced by the United States Mint, each coin's content, weight, and purity are guaranteed by the United States Government.