If you decide to buy gold coins then you have made a wise investment choice that is likely to pay off in the future when you need a quick source of revenue. A quick rundown of the metallic money  available for purchase shows that there are two basic categories: one contains old, valuable rare gold  which have collectible value and are mostly sought after by rich collectors. The other one contains regular, current gold bullion coins which are minted by the government and who are literally worth their weight in gold. They have no collectible value so they will not require as much care as rare metal. However, tarnishing them will still lower their value somewhat, so it is best to know the most common mistakes that people make when they are taking care of gold coins.

Watch It When You Clean Your Coins

If you buy gold coins you might be tempted to clean them regularly in order to keep them looking nice and shiny. You are not really doing them any favors, as metal will start to oxidize as soon as it comes into contact with air. In order to prevent this, metal naturally has a toning cover which protects its luster. However, each subsequent wash will remove the toning and actually cause the metallic currency  to degrade faster so if you do decide to clean your metallic currency make sure you take all the necessary precautions.

Keep the Gold Coins in Proper Storage

Once you buy gold coins you must also ensure that you have the right place to store them in. If you decide to keep them at home, you might want to avoid keeping them in the basement or the attic. These places usually experience extreme temperatures and increased levels of humidity. Both of these factors will speed up the process of oxidization, which is something you want to avoid.

Keep the Coins Free of Acid

If you do decide to buy gold coins, you might also want to invest in proper holders for them. Some people are content with keeping them in envelopes or cardboard boxes, but this is a mistake. Over time the paper starts releasing acidic material which will damage the metallic money  by causing staining and discoloration and even speeding up the process of oxidization. When you plan to buy gold coins, make sure that you give a little extra consideration to their maintenance in order to keep them looking nice and valuable.

Bullion Coins: American Gold Eagle

Description:

The production of gold coins for circulation ended in 1933, and many of the coins from the final years were melted following President Franklin Delano Roosevelt’s Executive Order 6102 of April 5, 1933. The purpose of the Order was broadly outlined: “I, Franklin D. Roosevelt, President of the United States of America É do hereby prohibit the hoarding of gold coin, gold bullion, and gold certificates within the continental United States by individuals, partnerships, associations and corporations É”. Individuals were ordered to deliver gold coins, bullion, and gold certificates to a Federal Reserve bank or branch by May 1 of that year. There were exceptions for ordinary citizens: jewelers and artists could have “such amount of gold as may be required for legitimate and customary use”, anyone could retain “gold coin and gold certificates in an amount not exceeding in the aggregate $100.00 belonging to any one person”, and collectors could keep gold coins considered “rare and unusual.” Apparently only one individual was indicted under the terms of the order, a New York attorney who escaped prosecution on technical grounds but nevertheless saw his 5,000 ounces of gold confiscated.

American Gold Eagle – 1oz, 1/2oz, 1/4oz and 1/10oz

By the mid-1980s world demand for citizen ownership of silver and gold was growing. Responding to the production and sale of silver and gold coins by other countries such as Canada and South Africa, Congress authorized the U.S. Mint to begin producing gold and silver bullion coins through the authority of the Bullion Coin Act of 1985. American Gold Eagle is produced from gold mined in the United States, and though the coins display a legal tender denomination, the value of the coins is primarily that of the metal, which is many times the face value. Gold coins are produced in a 22 karat standard in four weights, one-tenth ounce ($5 face), one-quarter ounce ($10 face), one-half ounce ($25 face), and one ounce ($50 face).

The obverse of the American Gold Eagle is copy of the Saint-Gaudens design for the double eagle (though now with 50 encircling stars), and the reverse was done by Miley Frost (Miley Busiek at the time). The artist’s design of the American Gold Eagle was the result of research she had done on the American bald eagle in Wyoming, from which she produced a sculpture that was accepted as the official commemorative piece for President Ronald Reagan’s first inauguration. After reading about the establishment of the Gold Commission to explore the issuance of US gold bullion coins, Frost prepared a line drawing based on her sculpture, which was eventually approved both by the U.S. Mint and Congress. She accepted no commission for the American Gold Eagle coin design, presenting it as a gift to the American people.

On the obverse is a full-length image of Liberty, facing forward with an olive branch in her left hand and a raised torch in her right hand. Draped in a long, flowing gown, her hair is swept to the left. Some describe her as striding forward, but she appears instead to be in a pose; the foot of her left leg rests on a large rock (in front of which are oak leaves), difficult terrain through which to be walking. To Liberty’s right, at the bottom of the coin, the sun is visible behind a depiction of the U.S. Capitol building. Rays from the sun extend upward from behind the Capitol and Liberty, to about the level of Liberty’s waist. At the top of the coin is the word LIBERTY, the torch separating I and B. Fifty tiny six-point stars (representing the number of states) are arrayed just inside the flat rim, forming a circle broken only at the very bottom. From 1986 through 1991 Roman numerals were used for the date, after which the date is in Arabic numerals; the date is to the right of Liberty near the bottom, though higher than on the Saint-Gaudens original design. A monogram of the designer’s initials ASG is below the date, just above the rock.

American Gold Eagle are minted in Philadelphia and West Point; P and W mintmarks are located at the lower right below the date, next to the circle of stars. Until 2006 the W mintmark was used only on proofs; the P mintmark was used only on early (1987 or 1988 through 1991) tenth-ounce, quarter-ounce, and half-ounce proof coins. The reverse displays a family of eagles in the center of the coin, with an adult and juveniles resting in a nest of sticks and branches. Above the nest in the air is another adult eagle clutching a branch, wings outspread as if preparing to land. Around the flat rim is UNITED STATES OF AMERICA at the top, and 1 OZ. FINE GOLD ~ 50 DOLLARS at the bottom. E PLURIBUS UNUM is in the space above the left side of the aerie, and IN GOD WE TRUST to the left, each phrase in two lines. Just below the nest are the designer’s initials MB (Miley Busiek, now Miley Frost) to the left, and the original engraver’s initials JW to the right.

Though intended as a bullion coin, American Gold Eagles are also collected for their numismatic interest. Unless by accident or unknown intent, these coins do not circulate. Tens of thousands of the tenth-ounce, quarter-ounce, half-ounce, and ounce coins have been certified as Mint State and as proof, though the number of certified coins varies by date. Greater numbers are certified as MS69 and PR69, and to a lesser extent MS70 and PR70, than as other grades. A few prooflike Mint State pieces have been certified, but nearly all certified proof pieces have received the Deep Cameo designation. Prices of American Gold Eagles tend to follow bullion prices, with an added premium for the certification; fractional coins are proportionally more expensive than the full ounce coins (that is, ten one-tenth ounce coins cost more than a single one ounce coin). Some proof examples and “perfect” 70 grades have an additional premium, particularly the MS coins dated 1986 through the early 2000s, and are expensive to very expensive. Other higher priced issues are the 1999-W $5 and $10 Unpolished Proof Dies and, to a lesser degree, some First Strike pieces and the 20th Anniversary coins.

Specifications:

Designer: Obverse, Augustus Saint-Gaudens (adapted); reverse by Miley Frost (Miley Busiek)
Circulation Mintage: Hundreds of thousands to over a million of each denomination most years, though fewer than a hundred thousand per year for some fractional Gold Eagles
Proof Mintage: Generally fewer than one hundred thousand each year for each denomination, though fewer than ten thousand per year in some recent years.
Denomination: $5.00; $10.00; $25.00; and $50.00 (all are worth more as bullion)
Diameter: 16.5 mm; 22.0 mm; 27.0 mm; 32.7 mm; all have reeded edges
Metal Content: 91.67% gold, 3.0% silver, 5.33% copper
Weight: 3.393 grams (0.1 ounce); 8.483 grams (0.25 ounce); 16.965 grams (0.5 ounce); and 33.930 grams (1.0 ounce)
Varieties: A few known, including 1999 $5 and $10 Uncirculated made from unpolished proof dies; the 2006 Burnished pieces; and the 2006 Reverse Proof $50 coins.

• 1 Oz American Gold Eagle

• 1/2 Oz American Gold Eagle

• 1/4 Oz American Gold Eagle

• 1/10 Oz American Gold Eagle

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Bullion Coins: American Gold Buffalo

James Earle Fraser 1876-1953

American Gold Buffalo Bullion Coins are the first .9999 fine 24-karat gold coins ever struck by the United States Mint. Production of the American Gold Buffalo coins is authorized by Public Law 109-145, dated December 22, 2005, also known as the Presidential $1 Coin Act of 2005. The new American Buffalo Gold coin’s obverse and reverse designs feature images

American Gold Buffalo .999

The Native American depiction on the American Gold Buffalo coins obverse is believed to be based on three different American Indians. Two of the American Indians who modeled for Fraser as he sculpted the coin were named by the designer before his death. They were known as Chief Iron Tail of the Lakota Sioux and Chief Two Moons of the Cheyenne. Although many have claimed to have had a sitting with Fraser for this design, he could not recall the name of the third person and satisfactory documentation has not yet been found to identify that individual.

It is widely believed that the bison on the coins reverse was modeled after Black Diamond, a popular attraction at the New York Zoological Gardens.

The Presidential $1 Coin Act of 2005 mandated the production of the American Gold Buffalo Coin. Both the American Gold Buffalo Bullion and Proof Coins portray the images of the revered Buffalo Nickel of 1913, Type 1. Originally prepared by noted American sculptor James Earle FraserJames Earle Fraser, once a student of Augustus Saint-Gaudens, for America’s 5-cent coin (nickel), the iconic James Earle Fraser image of an American bison graces the reverse (tails side), and Fraser’s classic design of an American Indian is featured on the obverse (heads side). That popular coin, known as the Indian Head, or Buffalo, nickel was introduced in 1913 and showcases the native beauty of the American West.

The American Gold Buffalo Coin has inscriptions of the coin’s weight, denomination and gold content incused on the reverse (Buffalo side) in the design area commonly known as the “grassy mound.” The inscriptions read “$50,” “1 OZ” and “.9999 FINE GOLD.” The proof version will bear the W mint mark of the United States Mint at West Point, New York. .

Composition: .999 Fine Gold
Mint: US Mint at West Point
Release Date: June 22, 2006

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The Gold Krugerrand is a South African gold coin, first minted in 1967 to help market South African gold. The coin proved popular, and by 1980 the Krugerrand accounted for 90% of the gold coin market.

South African Krugerrand

It is produced by the South African Mint, and offered in one ounce, a half ounce, a quarter ounce and a tenth ounce of actual gold weight.

Private mints have attempted to capitalize off the popularity of the coin, minting gold and silver bullion rounds (the term coin denotes legal currency) in the style of the Krugerrand. The rounds often depict Paul Kruger and a springbok antelope, some even blatantly copying the same design as on the Krugerrands themselves, though the inscriptions are altered. These bullion rounds are not offered by the South African Mint or the Government of South Africa, and are therefore not official, have no legal tender value and can not technically be considered coins.

National Coin Broker and National Precious Metal Broker offers ALL of the most popular Gold, Silver and Platinum Coins and bars.

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