Buying Gold Now is not Easy

Back in March, gold was $1000 an ounce and there was no problem buying as much as you wanted. Gold is now sitting in the $700+ range, and the demand is greater than ever. Individual investors are buying like crazy, countries like Saudi Arabia and Iran are moving their dollars into gold and China is thinking of moving (more likely, already moving) some of their huge store of dollars into gold.

What does this mean to you, the small gold investor? Right now it means gold coins and bullion are hard to come by. Many dealers have none to sell, and those that do are marking up prices to meet demand. This is not the time to be switching everything into precious metals. It should be a reminder that if you buy gold regularly, you are able to average your costs over the long run and you won't be paying a big premium overall.

Keep an eye on Ebay gold coin auctions. Many times gold coins with numismatic value end up selling for close to the same percentage over melt as bullion coins. This can be an opportunity to profit when gold settles down as the spread on numismatic coins will tend to expand again.

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Gold Investment Picking Up Steam

With the economy going down the tubes, the credit markets frozen, the stock market doing a swan dive and the government spending $700 BILLION to bail out the bums who put us in this predicament, is it any wonder that people are turning to gold bullion and gold coins to provide some stabilization.

Demand for the US American Buffalo Gold Coin has skyrocketed so much that the US Mint has suspended sales. The Canadian Mint is also having difficulty in keeping up with demand for it's Canadian gold coins and bullion.

When demand is so high, you'll see the price points for these bullion coins rise, so you will end up paying a higher percentage over spot for them. Try and buy your gold on a regular basis, each week or each month, no matter what the markets are doing. You'll average out this way and be in a much better position to profit than those who only buy when everyone else is.

Technorati Tags: Gold Coins Canadian Gold CoinsGold Bullion CoinsGold Investing American BuffaloRoyal Canadian Mint

2008 Britannia Four-Coin Gold Proof Set

Britannia Gold Proof Coins of 2008 Available from the Royal Mint

The Royal Mint has produced a beautiful set of four Brittania Coins struck in proof condition from 22K gold. The denominations are 100, 50, 25 and 10 pounds. The coins contain one ounce, one half ounce, one quarter ounce and one tenth ounce of pure gold respectively. This is a limited edition of 1250 sets maximum.

Each set will be delivered with a walnut-veneer presentation case and an individually numbered Certificate of Authenticity.

Also available separately are the 2008 Brittania quarter ounce and tenth ounce gold coins.

Technorati Tags: Gold Coins British Gold CoinsGold Bullion CoinsGold Investing BrittaniaRoyal Mint

2009 St. Gaudens Double Eagle on Display

The U.S. Mint announced that the one-ounce ultra-high relief 24-karat 2009 Double Eagle based on the original Augustus St. Gaudens design will be displayed at the American Numismatic Association's World's Fair of Money, the country's largest coin show. The show will open on July 30 at the Baltimre Convention Center in Baltimore, Maryland.

The coin will be more than 50% thicker than other U.S. 24 karat gold coins, to allow for the ultra-high relief strike that St. Gaudens had originally designed for.

Technorati Tags: Gold Coins $20 Gold CoinsGold Bullion CoinsGold Investing St GaudensDouble EagleU.S. Mint

First Spouse Gold Coin Series - Louisa Adams

On May 29 at Noon Eastern Time, the U. S. Mint will release the sixth gold one half ounce coin in the First Spouse Gold Coin Series which will commemorate Louisa Adams, wife of our sixth president, John Quincy Adams. She owns the distinction of being the only first lady to have been born outside the United States, her place of birth being London.

The Louisa Adams gold coin will be issued in Proof as well as Uncirculated condition. There is a limit of 40,000 coins to be issued and the number of Proof and Uncirculated will be determined by the flow of orders. The issue prices are $619.95 for the Proof coin and $599.95 for the uncirculated version. During the first week, there will be a one coin per household limit. This will be reevaluated at the end of the week.

The First Spouse Gold Coins have a $10 face value and are minted in 24 karat gold.

Technorati Tags: Gold Coins $20 Gold CoinsGold Bullion CoinsGold Investing First Spouse Gold Coin SeriesLouisa adamsU.S. Mint>First Spouse

New Double Eagle to Debut in 2009

On Friday, the U.S. Mint announced that it has received authorization from Secretary of the Treasury Henry Paulson to issue a one-ounce ultra-high relief 24-karat gold coin in 2009 based on the 1907 Double Eagle designed by Augustus St. Gaudens. Mintage of the new St. Gaudens style Double Eagle will be unlimited for one year.

There are only provisions for a 2009 dated coin, though sales may continue in 2010 should the coin still be in stock. The coin will be 27 millimeters thick, more than 50% thicker than other U.S. 24 karat gold coins, to allow for the ultra-high relief strike.

Thought the design will be based on the St. Gaudens design of 1907, there will be some differences to the original. On the obverse, there will be 50 stars, instead of the 46 in 1907. The coin will also contain the Roman numerals "MMIX" (2009) and the reverse will have "In God We Trust" since it is required by current law.

Technorati Tags: Gold Coins $20 Gold CoinsGold Bullion CoinsGold Investing St GaudensDouble EagleU.S. Mint

2008 Bald Eagle Commemorative Proof Set

2008 brought a new commemorative group from the U.S. Mint, the Bald Eagle Commemorative, which was minted in a $5 gold coin, a Silver one dollar coin and a clad half dollar, all of which were offered in both proof and uncirculated condition.

Additionally, there was a three coin proof set offered which was limited to just 25,000 sets. Unfortunately, these have been sold out at the Mint, so if you are looking for a set, you'll have to check the secondary market. Non-certified sets are going for between $450 and $500 on Ebay. Certified MS70 sets are bringing anywhere from $550 to $700+. It seems like it will only get more expensive, so if you want a set, now is the time to get it.

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Certified Gold Coins | Third Party Grading

Whether you've been buying gold coins for twenty years or just starting, one major issue is making sure that the grade you are paying for is the grade you are getting. Whether you are seeing it at your local coin dealer or a coin show or over the internet, unless you are a professional, grading can be a problem.

The reason is that grading is subjective: what I think is an MS63, you may describe as an MS65. Since the pricing difference can be astronomical between grades, it's imperative you get what you are paying for.

That's where third party grading comes in. There are several independent third party grading services, such as ANACS (American Numismatic Association Certification Service), NGC (Numismatic Guaranty Corpporation), PCGS (Professional Coin Grading Service) and ICG (Independent Coin Grading Company), who will grade your coin and encapsulate it to prevent tampering. For the most part, coins graded by these services can be bought and sold at the given grade.

When you are spending a lot of money on a rare coin, make sure you buy certified, it will save you a lot of headaches in the long run


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Gold Coin and Gold Bullion Investing

Welcome. Gold coins and bullion has long been a favorite investment opportunity or inflation hedge, depending on who you are talking with. One problem has been that there were few places selling gold coins, especially in the smaller cities and towns. So making your purchases usually meant some travelling and since there was little competition, there were few bargains available.

The internet has changed all that. Now you can do your gold coin shopping from the comfort of your living room and can choose from multiple dealers and prices. Even better, there are auction sites now that allow you to buy your coins at your price.

I would like to introduce you to a site that I created a short time ago that allows you to see and purchase a wide range of gold coins, both collectible and bullion, in one place.

Whether you are looking for an American Eagle Gold Coin, a $20 St. Gaudens Double Eagle or a $4 Stella, you'll be able to track it down at Gold-Coins.net.


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