Understanding the fundamentals that drive the price of gold is important before buying gold coins or rare gold coins.
Keep in mind that the fundamentals are the strongest factors that affect the price of gold though they are not the only ones. Understanding the fundamentals should also help you better understand other factors that may play a role.
In its simplest form the ultimate fundamentals for gold is supply and demand.
Gold by nature is scare. Gold may not seem as scare with millions of gold bullion coins minted that are in circulation though when you consider how many people don't have a position in gold you start to understand its scarcity. Gold has been a treasure by people for thousands of years.
It truly is not easy to get gold from a basic level. Many miners have lived and died in gold rushes like the ones in California and Alaska. The reality is that most of the miners from different gold rushes throughout the years left empty handed.
You may say now it isn't hard as you can go to a reputable brokerage firm and pick some up. The effort to do this isn't measured in sweat though in the dollars it then takes to get gold in its monetary form as gold bullion coins or bars.
Just think it takes on average 10 tons of ore to produce 1 little ounce of gold. The scarcity is what gives gold its inherit value before any other factor is applied.
Today the demand for gold is outpacing the production and mining of gold due to economic crises as gold has become a safe haven for preserving wealth.
One test to the true value of gold is that its value is so great it is estimated that almost all gold ever minded is still accounted for.
Monday, August 30, 2010
Thursday, August 5, 2010
Popular Types of Gold Coins
Various types of gold coins are popular among investors because they can be easily exchanged for cash. Further, their value increases with the passage of time. Gold coins are preferred by investors due to their low weight, high density and high value. Further, the national wealth of most of the nation is determined by the amount of gold it has.
Various Types of Gold Coins
Here are some types of gold coins preferred by investors and collectors alike:
Saint-Gaudens Double Eagle
This is one of the most popular types of gold coins, and is held in high esteem by investors. The coin derives its name from the name of its designer, Augustus Saint-Gaudens. He was a famous US sculptor. Also, these coins are popularly known as the $20 gold piece. The images on the coin reflect old Greek art. The price of these coins is less than many other gold coins.
The US Saint-Gaudens Double eagle coins were issued from 1907 till 1932. Although 445,500 such coins were minted in 1933, none of them were circulated due modifications in the currency laws during the period of the Great Depression.
Indian Head Eagle
The Indian head eagle coin was issued for the first time in 1907. These gorgeous pieces are known as the $10 gold piece. They are available for a range of prices, depending on their mint grades.
In the auction to be held on August 11, 2010, which is a part of the American Numismatic Association’s World’s Fair of Money in Boston, MA, the only known Plain Edge 1907 Indian head eagle coin with Wire Rim, will be auctioned. The coin, designed by Augustus Saint-Gaudens, is a part of the only coinage designed by him that Saint-Gaudens ever saw. The coin is expected to fetch a staggering amount because of its historical importance.
Capped Bust Eagle
The Capped bust eagle coins are among the most popular gold coins purchased by collectors. These coins lasted nearly for a decade. It is believed that original series had nearly 65,000 coins. On the front, the coin bears an image of the right-facing bust of Lady Liberty. On the reverse side, it bears an image of either a small eagle or a heraldic eagle. The price of a capped bust eagle coin depends on its grade.
You might be able to purchase a capped bust eagle gold coin for a price of nearly $13,099 on the online shopping website, eBay.
Various Types of Gold Coins
Here are some types of gold coins preferred by investors and collectors alike:
Saint-Gaudens Double Eagle
This is one of the most popular types of gold coins, and is held in high esteem by investors. The coin derives its name from the name of its designer, Augustus Saint-Gaudens. He was a famous US sculptor. Also, these coins are popularly known as the $20 gold piece. The images on the coin reflect old Greek art. The price of these coins is less than many other gold coins.
The US Saint-Gaudens Double eagle coins were issued from 1907 till 1932. Although 445,500 such coins were minted in 1933, none of them were circulated due modifications in the currency laws during the period of the Great Depression.
Indian Head Eagle
The Indian head eagle coin was issued for the first time in 1907. These gorgeous pieces are known as the $10 gold piece. They are available for a range of prices, depending on their mint grades.
In the auction to be held on August 11, 2010, which is a part of the American Numismatic Association’s World’s Fair of Money in Boston, MA, the only known Plain Edge 1907 Indian head eagle coin with Wire Rim, will be auctioned. The coin, designed by Augustus Saint-Gaudens, is a part of the only coinage designed by him that Saint-Gaudens ever saw. The coin is expected to fetch a staggering amount because of its historical importance.
Capped Bust Eagle
The Capped bust eagle coins are among the most popular gold coins purchased by collectors. These coins lasted nearly for a decade. It is believed that original series had nearly 65,000 coins. On the front, the coin bears an image of the right-facing bust of Lady Liberty. On the reverse side, it bears an image of either a small eagle or a heraldic eagle. The price of a capped bust eagle coin depends on its grade.
You might be able to purchase a capped bust eagle gold coin for a price of nearly $13,099 on the online shopping website, eBay.
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