Rare Colonial coin found on LI sells for $430G

The 1652 New England sixpence.

A rare Colonial Massachusetts silver coin found by an East Hampton woman in an old potato field almost 23 years ago was auctioned for more than $430,000 last week in Baltimore.

The 1652 New England sixpence had been off the market in a private collection for 21 years and was expected to sell for $100,000, but was resold for four times that price, auction officials said.

“We knew it was a very rare coin and we knew it would reach six figures,” said Lawrence R. Stack, a senior numismatic consultant for Stack’s Bowers Galleries, a Manhattan rare coin dealer and auction house. “And it brought in $431,250, so I guess we did well.”

The auction took place at the Colonial Coin Collectors Club annual convention in Baltimore, where there were more than 200 bidders in the room, Stack said. The 360-year-old coin, one of only eight known to exist, was first auctioned for the woman who found it in 1992 by Sotheby’s in Manhattan and purchased by Stack’s for $35,200.

Stack’s then sold it to John “Jack” Royse, 86, who decided a few months ago to put the coin up for sale, along with 102 others, because he wanted to “see them in the right hands” before he died, Stack said. The buyer is a collector who prefers to remain anonymous, Stack said.

Lillian King unearthed the coin using a metal detector in 1990 during one of her regular hunts through a potato field whose location she has not disclosed. King, now 65, had been searching in the frozen field with her boyfriend at the time, now her husband Ronald King, when she made the lucky find. The discovery made national news and even found a place in Ripley’s Believe It or Not newspaper strip.

“It makes me think that I wished I had waited to sell it and put it away in a safe-deposit box,” said King, adding she used the coin’s sale profit to put a down payment on her East Hampton home, bought in 1992. “But I am very happy for whoever bought it. It was a priceless object.”

The New England sixpence, one of the first coins minted in the colonies, was commissioned by the Massachusetts Bay Colony. Its design was altered quickly because it was easy to counterfeit. Other similar coins are in museums such as the American Numismatic Society in Manhattan, the British Museum, the Massachusetts Historical Society and the Newman Money Museum at Washington University in St. Louis — and others are held by private collections.

“In the colonies, they were trying to make it easier for commerce to happen,” said Stack, adding the sixpence is roughly the size of today’s nickel. “As the society evolved, they needed a currency.”

Stack said the coin was minted just three decades after the original Thanksgiving was held between the pilgrims and American Indians in Plymouth, Mass., in 1621.

“The coin is about as Thanksgiving as it gets,” Stack said. “Back then, they probably bartered, ‘My coin for your turkey.’ “

 By AISHA AL-MUSLIM  aisha.al-muslim@newsday.com

Judge Says 10 Rare Gold Coins Worth $80 Million Belong to Uncle Sam

A judge ruled that 10 rare gold coins worth $80 million belonged to the U.S. government, not a family that had sued the U.S. Treasury, saying it had illegally seized them.

The 1933 Saint-Gaudens double eagle coin was originally valued at $20, but sold for as much as $7.5 million at a Sotheby’s auction in 2002, according to Courthouse News.

After President Theodore Roosevelt had the U.S. abandon the gold standard, most of the 445,500 double eagles that the Philadelphia Mint had struck were melted into gold bars.

However, a Philadelphia Mint cashier had managed to give or sell some of them to a local coin dealer, Israel Switt.

In 2003, Switt’s family, Joan Langbord, and her two grandsons, drilled opened a safety deposit box that had belonged to him and found the 10 coins.

When the Langbords gave the coins to the Philadelphia Mint for authentification, the government seized them without compensating the family.

The Langbords sued, saying the coins belonged to them.

In 2011, a jury decided that the coins belonged to the government, but the family appealed.

Last week, Judge Legrome Davis of the Eastern District Court of Pennsylvania, affirmed that decision, saying “the coins in question were not lawfully removed from the United States Mint.”

Barry Berke, an attorney for the Langbords, told ABCNews.com, “This is a case that raises many novel legal questions, including the limits on the government’s power to confiscate property. The Langbord family will be filing an appeal and looks forward to addressing these important issues before the 3rd Circuit.”

The family said in its suit that in another seizure of the 1933 double eagle, the government split the proceeds with the owner after the coin sold for $7.59 million in 2002, according to Coinbooks.org.

By SUSANNA KIM | Good Morning America

Starting Coin Collections

People have different hobbies and there are individuals who love to collect certain things like coins. Coin collections are gaining popularity over the years. Arduous collectors are not very much interested in selling their collections; rather they want to store them for family keepsakes which they can pass on to their kids and grandchildren.

Did you know that at present, some coin collections are worth hundreds or even thousands of dollars? That’s true and if you want to start your own collection of coins, it’s never too late to begin. Collecting coins is an engaging activity and hobby at the same time. You will not only appreciate the coins
because of their appearance but also in terms of price. These are the rewards that you can expect by engaging in such hobby.

Some individuals are not even aware that they already have a small collection of coins. However, you should decide which coins to collect. Some people love to collect foreign coins while others simply collect local state coins. The collections will depend on your
interests and once you’ve decided which particular coins to collect, everything will be a lot easier. For starters, you can start collecting local coins and tokens. Just keep on collecting as many different coins as you like. You can get the coins from your own
home or perhaps from your relatives and friends.

The marks on the coins are fascinating and somehow it tells a story about its past. The coin can also tell you where it originated or its place of issuance. Who knows, the coins may have been used by great leaders and royalty. Another good thing about these coins is
that the famous figures are often depicted in it and so you will be more familiar with them.

Coin collections will largely depend on you as the collector. There is no particular rule to follow in collecting coins. As a collector, you should know the various methods that you can use to help you find more coins to collect. One way is to collect a coin series issued at a certain date. Some collectors make use of the so called ‘shotgun method’. This is a way to collect any coins that catch your interests. There are also coin collectors who prefer to collect odd-shaped coins; however, you can find most of these unusual coins in other countries. You can collect such unusual coins if you travel a lot, from one country to another.

Starting out is not a great problem because you can just start from your own home. If you want, you can visit local coin shops and see if there is an interesting coin there that you can purchase. If you think that a coin collection will not involve any expenses, you’re quite wrong. You see, if you really want to collect beautiful and interesting coins, you
have to spend money especially if you want to go for coin series. You can even visit coin shows so that you will find out about the coin dealers in your area. These dealers can help you in searching for the coins to collect.

Start coin collections now and see how fascinating this hobby can be. You can have the coins framed so that you can decorate it in your house for all your guests to see. If you want to have a hobby that’s worth money, coin collections is just for you.

History of the Standing Liberty Quarter

The radical change in our coinage that was taking place in the early 20th century was not quite done by 1916. With the new Lincoln cent and Buffalo nickel now in circulation, and changes to gold coinage, it was now time for a change in silver, specifically, the dime, quarter and half dollar to undergo a facelift and eliminate the uninteresting Barber designs. In late 1915 a design competition was announced to replace the designs on the dime, quarter and half dollar. In 1916, Mint Director Robert Woolley told Mint Chief Engraver Charles Barber that Hermon Atkins MacNeil’s design had been accepted for the quarter and that MacNeil would be visiting the Mint to obtain information about preparing the needed relief models. As Walter Breen writes in his book entitled Complete Encyclopedia of U.S and Colonial Coins, “Barber was as usual, completely uncooperative.” Assistant engraver George Morgan, who would later become chief engraver upon Barber’s death, was apparently more helpful. In late May of 1916, with Morgan’s help, MacNeil’s models that could be used for fie preparation were approved.

The first Standing Liberty Quarter coins came of the Philadelphia presses on December 16, 1916 and the series continued through 1930. A mere 52,000 pieces were minted in those last two weeks of 1916 and were released to the public along with 1917 dated coins in early 1917. Legend has it that shortly after the release there was a public outcry over the exposed right breast of Lady Liberty. Others complained that the small eagle looked like a pigeon. Whether this led to the design change is not well documented as there were also stacking issues with the Type I coins. In any event, the design was changed in 1917 to cover the right breast with chain-mail as well as minor changes to the back of the coin which moved three stars beneath the eagle, thereby raising and centering the eagle. Thus was born the Type II Standing Liberty Quarter.

After a few years in circulation it became apparent that the date was wearing off way to fast. Unlike the Buffalo Nickel, someone at the mint did make changes and in 1925, the date area was lowered as to be protected by the rim of the coin resulting longer wear on the date field. Thus was born Type III which many consider a subtype.

In production for only fifteen years, the Standing Liberty quarter suffered an early demise. 1932 marked the 200th anniversary of George Washington’s birth was introduced as a circulating commemorative which is still in circulation today.

Collectibility

General

As one of our most beautiful coins, Standing Liberty quarters garner quite a following. A complete set in circulated condition, except for the 1916, can be had with only a few coins going for over $100 in circulated condition. Many of the later dates (1925 and after) in decent condition can be had for under $5.00. When grading this series for higher end coins, look to the right knee and center of the shield on the obverse and the eagle’s breast and left wing on the reverse as these will show wear before other areas. Additionally, very well struck coins will be graded as Full Head (FH). Coins graded as FH are much scarcer and will demand a substantial premium over non FH in the same grade. In order to be graded FH the coin must show three leaves in Liberty’s hair, the hairline along Liberty’s brow must be complete and the ear indentation must be evident.

Key/Semi Key Dates

Without a doubt, the key for the series for the common collector is the 1916 coin. With a mintage of only 52,000 it would seem that this coin should be quite rare. And while it is, it is not has hard to obtain, for a price, as it would seem. As with most new series, collectors and the general public hoarded the first coins of new issues. A G4 coin still retails for about $3500, so it is not cheap. In terms of scarcity in high grades, the 1916 date has more FH MS-67 coins graded by PCGS than any other date expect the 1930-P and 1930-S. Still, the 1916 will cost you more due to its popularity. A MS67 FH lists for over $90,000.00

The year 1917 consisted of Type I and Type II coins. Although the 1917-D Type II had a higher mintage (6.2 million vs. 1.5 million), the 1917-D type II in good (G4) condition retails for $40.00 vs. the 1917D Type I which goes for around $28. Since there were so very few 1916 coins, and they were produced in Philadelphia only, the folks out west probably thought 1917 was the first year and hoarded the first coins, that being Type I and ignored Type II coins of the same year. This price differential is also apparent in the 1917-S Types. Philadelphia minted far more coins in both Types in 1917 than the other two mints so there is not a big difference in price for this mint/date.

For the common collector, filling the earlier dates, those before 1925 can become costly. Coins in G4 grades are usually not that eye appealing and can still cost you well over $100 such as the 1919 D & S, 1921 and 1923-S. Obtaining these in higher grades will reach near $1000 and well over $1000 for the 1923-S. For most other dates prior to 1925, consider spending $50-100 per coin. As we get into coins dated 1925 and after, prices drop considerably. This primarily due to the change to the date that enabled to withstand more wear. As previously mentioned coins dated 1924 and before wore the date out quickly. Coins dated 1925 and after were better preserved. It was not uncommon to find dated Standing Liberty quarters in circulation as late as the 1950′s. There one exception though to those 1925 and later quarters. The 1927-S was the 2nd lowest produced coin of the series with a mintage of only 396,000. Although this is a very low mintage, you can still obtain a F-12 coin for less than $100. Coins above that grade jump in price considerably. It is interesting to note that the famed 1932 D and S Washington quarters had higher mintages than the 1927-S yet you can get a G4 1927-S for less than $35.00 yet the 1932 D or 1932 S will cost you around $150. This anomaly changes though for higher grades as the 1927 S skyrockets in price while the 1932 quarters go up in price gradually until you reach mint state coins.

As with many series of the day, Philadelphia was the main producer of coins while the Denver mints and San Francisco mints had lower production totals making mint-marked coins “generally” more difficult to find and more expensive.

Errors

The only highly recognized error in the series is the 1918/17 overdate. This coin in FH Mint State condition exceeds the prices of the 1916 coin. (in MS-65 FH the 1916 lists for $35,000 while the 1918/17 lists for $300,000). PCGS has not yet certified a FH ms-65 FH 1918/17 overdate and has certified only 34 FH coins. In G4 condition the coins lists for $1,700.

There have been other reported errors/varieties such as small/large mint marks for the 1928-s. If you are into collecting errors and varieties for the Standing Liberty quarters then the book for you is Standing Liberty Quarters: Varieties and Errors, written by Robert Knauss.

Proofs

There were no official proofs produced for the Standing Liberty quarter although several satin-finish proofs of 1916 and 1917 are reported to exist.

Vital Statistics Summary

Key Coin Info

Designed by: Hermon A. MacNeil
Issue dates: 1916-1917
Composition: 0.900 part silver, 0.100 part copper
Diameter: 23.4 mm
Weight: 96.45 grains
Edge: Reeded
Business strike mintage: 12,253,200
Proof mintage: None

Designed by: Hermon A. MacNeil
Issue dates: 1917-1930
Composition: 0.900 part silver, 0.100 part copper
Diameter: 23.4 mm
Weight: 96.45 grains
Edge: Reeded
Business strike mintage: 214,516,400
Proof mintage: None

Mintage

Tips on How to Avoid Fraud on Collectible Coins

Many people enjoy shopping online where there are great buys of coins that can be found. A person may prefer do his shopping while he is at home because it is convenient and time-saving instead of going out looking for stores that sell collectible coins and other souvenirs.

A person can differentiate between a live auction and an Internet because an online auction can take several days to complete. They entertain bids for the highest price up until the time the auction is about to close.. Many people that are bidding online enjoy the experience and they may be familiar with the strategies to use to win an online auction.

There are also online sites where a person can buy any item that may capture his interest. This is where most coin collectors purchase their desired coins. By searching and finding the item that they want, they can actually negotiate and make the payments through the Internet. This can be very risky as you are dealer/seller that is unknown to the buyer, yet many people are still making transactions and payments through this kind of online auction.

Fraud is common even though many Internet sites that do business online contend that the risk of fraud is not something to worry about. They contend that only 0.0025 percent of true cases of fraud occur with online transactions – that means only one out of 40,000 listed Internet transactions would be fraudulent. On the other hand, the FBI has their own investigations, which prove that those figures are not true- they contend that the risk of fraud is much higher according to their statistics.

A person should believe the FBI for his own protection. Even if one can say that the majority of online coin selling transactions are honest and credible, the process used to make the transaction most probably is questionable and uncertain. There are business transactions, which are intentionally committing fraud with their clients and buyers. Aside from flea-market dealers, mail-order sellers, in-person auctions and some coin stores, the Internet has introduced the crime of fraud to many people in the easiest way possible.

One protection that a coin buyer should know is how to get “feedback”; that way, a person can see the ratings other bidders give the seller and he may compare his transaction with the transaction of the others. Since there is a great risk of fraud where there is negative feedback, the person may withdraw his participation from the auction if he deems that to be necessary.

A person may also acquire ideas by looking for those members who have left “positive feedback” and compare it to the reaction of the sellers. A person can make an assessment of what could be possible useful information from those reactions. Be careful and precise about any transaction that is offered by the seller.

There are instances where a person is deceived about the item he purchased. The photo shown on the Internet displayed the coin that a person wants to have but they delivered a totally different item. These cases are fraud. A person must make sure that the item he saw on the photo is the exact item that will be delivered to him. Here are some tips that will help a person prevent fraud during a coin search in the Internet.

1. A person should save the online photo of the coin he wants to purchase. Many sellers remove the image and the title of the item once a purchase has been made.

2. A person should get the description and the auction information. It should either be e-mailed to the buyer or sent in writing by mail.

3. If there are suspicions regarding an auction, a person should ask for clarification from to the seller. This will avoid misunderstandings and confusion on the part of the buyer.

4. A person has the right to refuse any transaction where he thinks the price given on the coin is too high. One should be aware of the standard price of the specific coin and compare it to the price that was given during the online transaction.

5. A person can ensure that there will be no fraud by asking the seller, before the auction closes, if there is any available escrow assistance for the bidder.

These are only a few tips that will ensure a person of his safety when making any transactions online. Fraud can happen to anyone, especially those who are interested in purchasing collectible coins online. It is always important to be informed and knowledgeable about the possibilities of encountering fraud.

Software for Coin Collecting: The Smarter Way to Collect Coins

It is a common coin collecting problem: too many coins, not enough information on what kinds of coins to collect, or a disorganized group of collectibles.

The solution?

There are programs that are especially created for computer use, commonly known as software. Coin collecting software packages are created by professionals to help those who are having a hard time organizing and tracking their coin collections.

These systems keep classifying, organizing, and cataloging coins at your fingertips while trying to find other coins that a collector might want to add to his personal collection.

Other advantages of these software packages for coin collecting are:

1. Organizer buddy

It is a coin collector’s best friend. Coin collecting software packages are exclusively created to help the hobbyist organize, manage, and track their coins fast and without difficulty. With almost 300 billion coins that were manufactured by the U.S. Mint alone, who could sort through all of these coins to find the ones they would like to own?

2. Statistical reports provider

With these coin collecting software programs the collector to easily record statistical reports about coin collecting for quick references in the future.

3. Provides numerous ways to interpret, view, and access coin collecting data

With software packages, every coin collector can easily view his data in many ways. He can either choose to view the data in tabular form or in virtual form or can modify these tables and generate reports with just one click.

4. Provides easy-to-use templates

Coin collecting software packages are perfect even for the “newbies” in information technology. This is because there are templates that are available at any time for the recording and organization of data. The collector can then just enter the data he needs to log without having to use complicated formulas.

5. Saves more time

With these software packages, the coin collector will be able to save time organizing his coin records, leaving ample time for other activities. This means spending less time organizing and managing coins and more time for enjoying the hobby.

The tedious job of keeping a systematic record is sometimes the main reason some coin collectors give up the hobby, and why employing such tools will make coin collecting more enjoyable.

Using computer technology is the better way to make coin collecting easier.

Identifying US Coins With Bullish Futures

Okay, let’s get something straight… I do not advocate the purchase of United States coins strictly for investment purposes. Like most traditional collectors, I believe coins are to be primarily appreciated for their artistic beauty, historical connections, and the joy of pursuing them. However, it should be no secret that a significant number of us do add to our numismatic holdings while simultaneously peeking at the payback angle, too.

In truth, there are probably substantial numbers of traditional collectors who prefer to acquire coins destined to increase in esteem and value over time; treasured heirlooms and a source of pride to be passed from one generation to the next. On the flip side of this equation, it seems implausible that anyone would buy a coin with the hope or expectation to see it stagnate or decrease in value. Indeed, any commentator who suggests the words “investment” and “coins” should never appear in close proximity to one another is ignoring a heavily populated segment of our hobby.

Now that we’ve established that it’s not numismatic heresy to seek coins with strong upside possibilities, let’s get down to basics. The guiding principle is simple: Any coin that has demonstrated solid, consistent gains over a long period of time is likely to show continued growth in the years ahead. Easily said, but as we shall soon see, not so easily put into practice.

So exactly how does a one identify coins with a potentially bullish future? The best clues are revealed by analyzing the retail value trends over a long period of time for a given coin. Observing current prices alone does not yield enough information to correctly evaluate prospective price movements. What was the coin selling for two or three years ago compared to today? Dig deeper, and find the market price for the same coin 5-10 years ago. While you’re at it, get something from 20-30 years or more in the past, too. The more good data researched, the more reliable will be your final conclusions. Now whip out your spreadsheet and chart the numbers, or compute annualized rates of return. Flat or negative trends are bad. Positive trends are good. Steep positive trends are best. Any coin displaying a proven annualized growth pattern of at least 5-10% over a span of many years qualifies as an attractive option for the collector desiring coins headed for much higher price levels a few years down the road.

During the course of my lengthy numismatic career, I’ve researched the long term value trends of most collectible US coins. Thanks to my trusty computer, I’ve calculated annualized compounded percentage return rates and honed in on a handful of coins that have consistently beaten the overall coin market averages. Unfortunately, the blue-chippers are scarcely encountered. Perhaps it is this fact that explains why so many well-intentioned hobby purists scorn the idea of blending coin collecting with the profit motive.

Individuals whose objective is to satisfy their numismatic pleasure by assembling a collection certain to be the envy of tomorrow’s collectors must do their homework today. Remember to research historic value trends and evaluate growth potential based on previous performance. One last word of advice… never loose sight of the fact that you are handling artifacts of America’s past, and that all of us are merely their temporary custodians. Respect these coins and the history they represent, and you’ll always discover new avenues of adventure not found in most other investment opportunities.

Rare Coins: the Gift That Keeps On Giving

Who would have thought that the gift of a coin would end up being the best gift I’ve ever received?

I have many fond memories of my grandmother, but one such memory will stay with me for the rest of my life. When I was 10 years old, my grandmother gave me a silver dollar for Christmas.

To this day, I still have that coin. And from that little memento, I gained a lot. I gained the passion to collect coins, leading me to becoming a professional numismatist (coin expert).

Collecting coins has taught me the value of holding on to those special tokens that most people take for granted. And that Carson City, Nev. minted silver dollar ended up gaining a significant value.

Today, people collect coins for numerous reasons. Some accumulate coins as family heirlooms, some simply because they love owning miniature pieces of art sculpted by famous artists. But whatever the reason, they see the gift that coins can bring.

Besides the fact that rare-coin collecting is a fun hobby, here is a list of some other reasons you should start a collection of your own:

* Protect your assets. Hard assets offer you safety and

security in the event of a world currency crisis or stock market crash.

* Maximize your investment in metals. We can’t go back in history and create more historic coins. Only a finite number of rare coins are available.

* Inflation. Gold and silver investments follow a long-term cycle. When undervalued, they gain tremendous upside potential when the value of paper money declines.

* Liquidity. Rare coins gain liquidity as millions of dollars are traded for them weekly on the Internet and through other networks.

* No tax consequences until liquidation. Rare coins that have increased in value are not taxed until you sell them. And if you trade coins for coins of equal or greater value, you won’t be taxed.

* You’ll own a piece of history. You’ll learn about American values and history simply by collecting coins.

Coin Collecting Album: A Pocket for Your Coins?

For every numismatist or coin collector, finding a good place to store their coins is the most important thing in this world because storing their precious coins in a good and secure place will ensure that the quality and value of their coins is maintained…

There are many types of storage spaces that can help you by displaying and storing your coins. You can either use folders, holders, plastic tubes, or the album, but among these reliable storage spaces, the coin collecting albums are the best way to display the coins.

If you want to know why, here are some benefits of albums and you can evaluate the concept from there:

1. Two-way image viewing

With coin collecting albums, you can get more satisfaction viewing your collections because albums let you see both sides of your coins. You do not have to remove your coins every time you want to see the opposite side.

Therefore, albums give you the best of both worlds.

2. Better defense against instant wear

Another benefit of albums over folders and other coin storage is that it gives the coins better defense against harmful elements that will expedite the deterioration of the coins.

Albums are generally characterized by the use of plastic materials that serve as shield against scratches and environmental factors.

3. Good coin holder

Albums provide pockets for coin storage. The best thing about using a pocket is that even “dilapidated” coins or extremely worn coins are better protected.

Worn out coins, when placed in folders, have the infuriating tendency of falling out over and over again. With coin collecting albums they are kept intact.

4. Variation in prices

Albums that are used in coin collecting are usually priced from $20 to $40. Even though they can be expensive, they provide better storage for your most-prized treasures. Paying the price for an album is a great alternative to the other typical types of storage.

5. Information center

Coin collecting albums are great “information centers” as far as the hobby is concerned because most of the albums that are used in collecting coins have an inside front cover| that allows you to place important information regarding your collection. It also has a back cover that provides space for your “mintage figures.”

Coin collecting is easier and more pleasant with the help of these albums. It makes your treasures last longer, thus, establishing greater value in them.

Therefore, coin collecting albums are definitely the best “keepers” for your coins.

The Role Of Gold Bullion Coins In Your Portfolio

Are Gold Bullion Coins Worth It?

Today’s world offers investors plenty of avenues for their money. Which ones are worth it and which ones just bring unnecessary risks with very low chances of profit?

Many people have turned to buying gold bullion in order to improve their financial situations. We know gold has been around ever since man first started living in a society. Gold has grown together with mankind, or vice-versa, depending on how you want to look at it. Let’s have a look at the process of investing in gold bullion coins and at some of the factors related to such a financial placement.

What Are Gold Bullion Coins?

A gold bullion coin contains one ounce of pure gold. The quality or origin of the gold may differ, however, so make sure to only acquire gold bullions from respected companies that have dozens of years of tradition and trust. Here are some of the most popular and trustworthy gold bullion coins: the American Gold Eagle, the Australian Nugget, and the South African Krugerrand.

Buy Gold Bullions! – Here Is The First Reason Why

Listed gold bullion coins are internationally renown and recognized. When compared to gold bars, coins are much more versatile. You can travel to any part of the world and find a gold dealer who will exchange your bullion coins. Bars take longer to sell, as they need to be cleared and checked for accuracy and authenticity. Also gold coins are a lot easier to carry and store in a safe place. This feature becomes especially useful if you are storing gold inside your own home.

Gold Bullion Coins Are Easily Divisible

This option may not seem important at first, but it becomes really useful in some situations. If you just want to sell a small part of your gold reserve you can always just select a few coins, as compared to gold bars, which can only be sold whole. This increases the versatility of your gold reserve, as you will never have to worry about selling it all at once. You can also benefit from market forces. If the price of gold suddenly skyrockets you can sell a quarter or half of your bullion coins and still keep a safe quantity of the precious metal.

Gold Bullions Are Safe

I have saved the best for last. There is no more persuasive factor than the security offered by an investment. You can try to go with mutual funds, real estate investments, or overseas placement, but gold bullion remains one of the safest alternatives for your cash.

If you are looking for spectacular investments and immediate profits, maybe gold bullion coins are not the answer for you. On the other hand, if you are trying to establish an investment that offers equilibrium and security, gold coins should be right on top of your list! They are probably the best method you can choose in order to protect your wealth in the unfortunate case of an international economic collapse.

International financial problems are often brutally reflected in our everyday economy. Gold coins are almost immune to such incidents, as they have been for centuries. Even if many people associate gold bullion with pirate stories or fairytales, the fact is that investing in gold coins can make the difference between a smart and a risky financial position.