[Posted February 20th, 2010]
Actual Gold in the form of metal is an investment that’s both tangible and liquid. You can hold it in your hands; keep it in a safe deposit box or wherever you desire. Gold can be bought or sold easily and has been for hundreds of years.
Gold coins like the Canadian Maple Leaf, the Krugerrand, the America Gold Eagle etc. can usually be bought and sold by going to a bank. Gold coins are one of the most popular forms of gold bullion available to the retail buyer.
These gold coins are made mostly or entirely of gold. For Instance, the Canadian Gold Maple Leaf coins are the world’s most popular pure gold coin. Since their introduction in 1979, over 20 million troy ounces have been sold. As the first bullion coin to achieve the heightened standard of 9999 fine, the Gold Maple Leaf is available in five weights from one-twentieth of an ounce to one troy ounce. The Canadian mint our bullion products can be purchased through banks, coin dealers, foreign currency exchange offices, and brokerage houses worldwide.
Because these gold coins have face values they are money and thus can be bought and sold through banks etc. Obviously you do not want to sell a $50 1 oz Canadian gold Maple leaf for $50; you will sell it or buy it for the value of one ounce of gold at the time plus or minus handling fees.
Prices of gold and silver bullion products are based on international market rates which vary daily, as well as supply and demand. Be prepared for a reasonable premium to be charged over the daily spot quotations to cover manufacturing, transportation and distribution costs.
Getting a return of investments in gold follows the age old practice “ buy low sell high” meaning if you have gold that cost you say $700 per ounce 2 years ago and you sell today at say $1,100, you stand to make a $400 per ounce profit, in simple terms.
Remember in order to sell bullion coins minted with face values you do not have to send them to a scarp gold dealer. Take them to your bank first and get an opinion. Also, if you have rare or collector coins have, those evaluated by a good reputable coin dealer to get an idea of their value which could be much higher than the gold content.
Topic: Gold Coins, coin collecting, coin prices, silver coins |
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[Posted December 28th, 2009]
This is a question I have been asking myself for a long time. I mean no disrespect to her Majesty Queen Elizabeth the II, but her link to Canada has become so minimal of the the last 25 years that it that its rather funny that her picture remains on all of our coins. Would there not be anyone else worthy of putting on Canadian coins?
The United States for example have so many variety of coins, right from the original Lincoln Wheat Penny of 1909 which changed in 1958 to the varieties of Gold Quarter Eagles, Half Eagles, Eagles and Double Eagles. Figures on U.S. coins are allowed to be changed every 25 years. Sure, U.S coins have pictures of president’s on them, but look how many there have been. The variety that this allows allows the U.S. to keep its coins fresh and updated. Even the commemorative coins the U.S. comes with use the many figures to create varieties. For example, the presidential dollar sets that are currently being sold, for every presidential dollar, another $5 gold coin is issued for their spouse. Not to mention the long history of silver commemoratives for events like the Panama Pacfic Exhibition of 1915, or the Oregon Trail Silver piece.
Canada certainly does have nice coins, no doubt, and some valuable one as well. For example, the 1921 50 cent piece, which in good condition can fetch upward of $30,000. The coin features the face of King George the V, who at that point certainly held more significance in Canada than his grandaughter does today.
I think its time for Canada to start diverifying its coinage, start using more Prime Ministers perhaps or people of significance to Canada. The Queen has had her turn.
Topic: Gold Coins, coin collecting, coin prices, silver coins |
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[Posted November 1st, 2009]
by Jayme Wium
Many of us like to keep something for an investment. Some people look for other kinds of investments besides the stock market, long term insurance, property etc. coin collection these days are chosen not only as a hobby but as an investment, rather! Most people choose coin collection because of the historical significance and as a future investment for later on. Investment is about risking your money and in the end you’re hoping that your investment will give you profit, correct?
The most common investment method in coin collection , is that when many people start collecting coins they start by collecting silver and gold coins. They buy as many cheap silver and gold coins they can find and keep them. If you are considering to the start of an investment collection, try this in the beginning of your collection. Keep it for at least 5 years to make a profit. The only thing you need to look for during this 5 year period is, to test the silver and gold value. Just consider that as a risk you need to learn and swallow during the learning process.
Some people gamble their money in buying and selling online like the Iraq dinar, which is not even acceptable in some countries. Their theory is that when that money is in circulation in the future, the price will go up and everyone who buy from them will be a millionaire. This is not guaranteed, sounds too good to be true and is very risky! There are also those that wish to make collecting coins adventurous and so they hunt for rare pieces. People that want to start a coin collection for investing purposes should keep their pieces for a long time, thus making the value of some of their coins increase immensely. The choice and decision is really up to you but becareful for fake and scam coins out there. When collecting for investment or for any reason for that matter, there is a risk of be cheated by the seller. That’s why you should make your purchases only from Alec Kaplan. They have been in business for over 4 decades now. Alec Kaplan have a large number of varied international coins available in their online store. Purchasing from them could not be easier. Browse through their online catalogue and add what ever you like to your shopping cart. They promise to deliver to wherever you are!
About the Author
Jayme Wium is an online marketer and copywriter for Alec Kaplan.
Topic: Gold Coins, coin collecting, coin prices, silver coins |
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[Posted November 1st, 2009]
by Jayme Wium
A numismatist is someone that collects, among other things, coins! Coin collecting has become a very popular hobby over the years. Many people collect coins for different reasons. Some of the reasons why people collect coins are for their potential future value, for their historical value or maybe from a particular country only, some coins that are even still in circulation are collected and some people collect just for the fun of it.
Coin collecting is one of the oldest hobbies, was once practiced only by kings and very wealthy people. That is why coin collecting is nick named as the "king of hobbies" or the "hobby of kings."Some people aim to collect a series or a type set of coins, which entails the collection of coins of each date or mintmark, or the collection of each design and variation.
The thriving coin collecting community, including clubs throughout the world, provide numerous opportunities for collectors to trade tips and ideas. From the ancient Egyptian coins to today’s circulating cents, all coins have a rich and fascinating history. A lot of coin collectors started coin collecting because of the historical significance. Depending on what your collecting goals are, and what your budget is, you’ll want to buy different types of coins. Coin collecting is enthralling, especially when you start accumalating a variety of selected coins. However, the safety of your treaures is very important. It is advisable not to keep your investment coins at home! Get a safety deposit box for them.
Coins that the kids are actively collecting can be kept at home, but keep them stored away in drawers out of sight to visitors, especially if strangers come in like the repairmen etc. Whether you’re a seasoned collector or a novice hobbyist, Alec Kaplan has something for everyone on their list. Browse their website and review their coin display together with your family or friends. You can be assured of a variety of South African and international, high quality coins. So, take a look and see for yourself how you can even experience history by reviewing their collection!
About the Author
Jayme Wium is an online marketer and copywriter for Alec Kaplan.
Topic: coin collecting, coin prices, silver coins |
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[Posted November 1st, 2009]
by Jayme Wium
Many people collect coins by country. They usually start with their own country because it is the easiest way to start their coin collection. Once they into the coin collection, they try other countries. Coins are collected by date, by time, by history of the country, by theme or by shape and colour. Coins from South Africa are popular because of the remarkable history of South Africa.
Ancient coin collecting has the potential to be a profoundly fascinating hobby. People that are interested in coins or interested in history find this exciting. It gives them a glimpse into history of that particular country and a better understanding of the past. There is very interesting, unique, history in the collection of coins from South Africa.
Here is a brief history regarding the coins from South Africa, it is very interesting to know that, on the east coast of Pondoland, in South Africa, both Roman and Egyptian coins dating back 2200 years have been found, as well as Venetian coins of the 1200’s by the first Portugese explorers. In 1652, Jan van Riebeeck founded the settlement at the Cape, the Spanish dollar 8 Real, was the basic coin in use-in 1726, copper doits, silver ducatoons and guilders-in 1797, the cartwheel pennies were introduced-in 1800 declared current at two stuivers-in 1806, the ship guider coins were in circulation-in 1815, in Griqualand-4 denominations of coins were put into circulation ie.
Silver ten, five pence, bronze half penny and farthing-in 1823, own coinage for the Cape Colony was proposed-in 1854, before and after the declaration of independence of the Orange Free State, British coinage was extensively used-in 1892, all denominations equivalent to the British sterling series with Paul Kruger on the reverse was issued and in 1900, the coinage of the South African Republic was adopted as legal tender!
There is a lot more interesting history in the coins from South Africa, if you are an avid history coin collector per country, make South Africa your next choice. You will be fascinated, whilst researching and learning the unique story, each coin entails. For the best South African coins be sure to buy from Alec Kaplan. They specialize in South African coins. Browse their wide selection online and make your purchase. Alec Kaplan will deliver the best, highest of quality South African coins to wherever you are. Go ahead, take a peak-you will be delighted with what they have to offer!
About the Author
Jayme Wium is an online marketer and copywriter for Alec Kaplan.
Topic: coin collecting, coin prices, silver coins |
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[Posted October 2nd, 2009]
by Lawrence Reaves
With the soaring prices of gold it is a good time to consider buying or selling your gold jewelry. You need to have some basic knowledge to make smart decisions. Gold jewelry seems like it never goes out of style. This is because it is beautiful and easy for most people to afford and wear.
Pure gold will not tarnish, rust or corrode and is the most malleable of all metals. Pure gold is too soft for jewelry so it is mixed with other metals, including silver, copper, nickel and zinc to give it strength and durability. The color of gold is determined by the type of metal alloys it is mix with and the percentage of each metal alloy.
Most people think all gold is yellow, but the fact is there are many variations of color that gold can be. Colored gold is just as "real" as golden colored gold. The color depends on what the gold is mixed with. Other alloys are mixed with gold to make it strong and to hold up under every day wear and tear that jewelry goes through. Craftsman learned through the ages that mixing gold with copper, silver and platinum would increase its durability. When gold is alloyed with other metals it changes the color of the finished product. An alloy of 75% gold, 16% silver and 9% copper makes yellow gold. White gold is 75% gold, 4% silver, 4% copper and 17% palladium. Other combinations of alloys can make pink, green, peach and even black gold.
The alloys of gold have a lesser value per unit weight than pure gold. The standard in the gold trade is known as karatage which is commonly called karat. Pure gold is known as 24 karat gold and is usually marked with 24K. An alloy that is 50% gold is 12 karat gold and is marked with a 12K. An alloy that is 75% gold is 18 karat gold and is marked with 18K. High karat gold jewelry is softer and more resistant to tarnish; on the other hand, lower karat jewelry is stronger, but less resistant to tarnish.
Gold is highly valued and there is a limited supply and has been used as a medium of exchange or money for centuries. 6000 years ago is when the first transaction was done using pieces of gold and silver. The reason that gold has been used for this purpose for so long is because it has high value, durable, portable and can be divided easily. At one time the United States used a gold standard and maintained a stockpile of gold to back every dollar in circulation. It became too cumbersome and is no longer used by any nation. Gold coins were commonly used in transactions. Gold coins were issued in two types of units. Some were units of currency and some were issued in standard weights.
Today gold coins are no longer in wide use for financial transactions. Gold coins issued in specific weights are popular for people who want to purchase and invest in a small amount of gold. Gold coins are also collected and issued as commemorative coins. These types are a good investment because gold retains its value overtime. These are just some informative basic facts about gold. As you can see gold is a good investment whether it is in fine jewelry or coins.
Topic: Gold Coins, coin collecting, coin prices, silver coins |
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[Posted September 28th, 2009]
LONDON - The discovery of four silver coins in Gloucestershire, UK, which date back to 11th century Norman England, has generated considerable excitement among archaeologists.
According to a report by BBC News, the coins, found by a metal detector enthusiast, are believed to have been minted in Gloucester in 1073-1076 and represent an unrecorded type of penny.
Archaeologist Kurt Adams said that the coins, which are just 0.8mm thick and about the size of a 10p piece, were incredibility rare.
Reports of the coins are already exciting collectors because of their rarity, according to Adams.
“Coins dating to the age of William I (William the Conqueror) are very rare finds, but these are unique,” Adams said.
“The finder reported them to me and I have taken them in under the 1996 Treasure Act and reported the find to the coroner who will hold a Court of Inquest to prove they are treasure,” he said.
“I’ll then send the coins to the British Museum for examination. If experts there decide they want the coins, they have to be independently valued and the museum would have to find the money,” he added.
“Half of that would go to the landowner and half to the finder,” he further added. (ANI)
Topic: coin collecting, silver coins |
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[Posted September 28th, 2009]
Collecting silver and gold bullion coins can be an investment, an insurance against market inflation as well as a passionate hobby all combined into one. Amassing silver and gold bullion coins are the easiest method for you to start owning gold and silver. Many of the bullion coin series also feature multitudes of designs, created with outstanding craftsmanship, therefore making them very desirable objects to collect.Ever since the first bullion coin is issued in South Africa in 1967, many national mints worldwide have followed suit issuing their own bullion coins series, the most popular being the British Britannia series, the Chinese Gold Panda Series and the American Silver Eagle series.
Most silver and gold bullion coins are never used in daily commerce (some bullion coins like the Krugerrand have no face value!), despite that many of the bullion coins issued today are bestowed with legal tender status in their respective country of issue, therefore making them exportable to most of the countries worldwide without being subjected to import taxes, duty or VAT. This fact makes silver and gold bullion coins a very attractive means for private gold or silver ownership. Investors often put their money in gold and silver bullion coins to balance off the effects of inflation because the value of both metals have since increase more or less consistantly for the past five years. Then again it is notable that since many bullion coin series, especially those that changes designs every year, have very limited mintage, many of them below 100,000 units per year. This results in some bullion coins fetching much higher prices on top of their market gold content due to its rarity and collectible value. Hence investors tend to look for bullion coins that have repetitive design throughout their years of issue, have substantial mintages and does not command a high premium, one such excellent example is the South African Krugerrand coin, when it was first issued, the South African Krugerrand fetch a premium no higher than 5% of its gold content, today the premium can be as less as under 1% on top of their market price of gold.
Here are some tips to start your silver and gold bullion coin collection:
1. Are you an investor or collector? This is the major factor that will influence which coins to buy and which coins to "admire only". Furthermore, caring for rare collectible bullion coins requires more technical expertise and some considerable investment in keeping your collection in pristine condition (but well worth the price).
2. Bullion coins are not fast money earners, they are usually kept for years before even trading or reselling them. As your collection grew, investment in the safekeeping such as a hidden safe in the house or the bank deposit vault would be necessary.
3. For starters, silver bullion coins are a great idea as they come cheaper, thus you can generate an impressive collection in a shorter time (and with less budget!).
4. Focus on collecting a few types of bullion coins as starters, the marketplace can be full of counterfeit and scams, read up about the series of bullion coins you collect, knowing certain facts such as sizes, purity, designs of the coin as well as special issues (e.g. there is no such thing as a silver Krugerrand) can easily help you identify which is a deal and which is a scam.
5. When buying from your local coin dealer, take the time to check your dealer background first, are they reputable in your area? Has this dealer sold similar items before? Do they offer honest advice and friendly service?
6. When buying online, the best method is to start buying from auction first before going to individual shops, as auction website such as ebay have feedback system tracking the past sales of the particular seller, giving good indication on whether the seller provide good service, or whether they have sell similar items in the past and of course whether they provide good quality wares. And the large market place of auction websites with multitude of sellers, can give good comparison of prices of a particular coin, giving you a good grasp on how much price that this particular coin is trading at.
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Topic: Gold Coins, coin collecting, coin prices, silver coins |
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[Posted September 21st, 2009]
Buying discount gold coins online
Investing in gold historically, and today, is of the best investment options we have. There are several different types of gold investments, but the most sought out way of investing in gold is through private gold ownership by way of investment-grade gold and silver coins.
You can buy your gold coins from a number of places such as gold coin dealers, brokers of large firms with little or no experience, local coin or pawn shops, and also through online stores. The latter options are not recommended for several reasons. Beware of the pricing structure as many of them mark up their coins 28% to as much as 45%. Search for discount gold coin dealers, until you find an expert who knows what they are talking about with the absolute lowest prices.
The internet is the best place to search for your gold coins in the United States because US gold and silver coins provide the highest profit potential of any gold or silver coins in the marketplace. Don’t just go to your local coin shop who sells inferior coins or is limited, learn about how to maximize your profits through US investment-grade gold and silver coins from discount dealers that sell nationwide. Search keywords online such as discount coin dealers, discount gold coins, discount gold dealers, etc.
Normally, you will find a great variation in the price of different types of gold coins. Bullion coins are reportable assets and investment coins are private and non-reportable. Most importantly, compare the prices between different precious metals firms. Don’t just talk with one firm because they will say anything. Search for superior discount coins (dot com) and you will be rewarded by comparing the different prices for a higher return on your investment. Don’t just talk to one firm, look for discount firms and search for an expert because many of the larger firms not only charge more, but you may get stuck with a broker that has little or no experience versus years of knowledge and expertise in the marketplace.
Only buy your coins from someone you trust. Until you find that expert that leads you in the right direction, educating you on your options, providing the absolute lowest prices, don’t make a move because the right discount dealer could save you 45-75% on investment spreads. In other words, don’t pay more than you have to.
Play it safe and find someone online that you can deal with offline and interact in real time. You should also be able to talk to your discount coin dealer about the growth potential of several different coins. You need an expert that knows how certain coins have performed historically, and how they are expected to perform in the future. This way, you can make the right decision on which coins you would like to purchase.
Focus on getting the best return on your investment. Search for discount coin dealers in order to find the best values of high quality coins ("sight seen" - not sight unseen, which are inferior coins) that will provide the highest profit potential in the shortest amount of time. Ultimately, your investment coins will work harder for you.
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Topic: Gold Coins, coin collecting, coin prices, silver coins |
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