Federal Reserve Note, a promise to pay! Value ?
PRE 1933 GOLD COINS
A little information about owning pre 1933 Gold coins. Gold has been a store of value for over 5,000 years. Obtaining Pre-1933 Gold coins to secure your future makes all of the sense in the world.
Prior to 1933 American citizens held gold coins and used them as a medium of exchange. In 1933 President Franklin Roosevelt, through Executive Order advised Americans to turn in their gold or face heavy fines and possible jail terms. (See Executive Order of 1933)
More and more people are concerned about a lack of privacy and growing government snooping into our private lives. Hard assets are a profitable and perhaps the most effective way to insulate your financial activities from others.
How you proceed in accumulating your own store of wealth is very important. Gold bars, gold bullion and most modern gold coins must be reported at the time of sale to the I.R.S.. Selling more then 25 ounces of American Gold Eagles must also be reported.
Liberty Head and St. Gaudins Gold coins minted to prior to1933 are exempt from I.R.S. reporting. One should seek professional advice from an accountant or tax attorney, or better yet, undertake a study of U.S. Tax Laws regarding pre 1933 Gold coins. Building your own supply of wealth in the form of pre 1933 Gold coins should be done quietly and privately.
Rare Coin Expert Secrets: As is happening today, some collectors and others who are concerned about their financial future have a tendency to buy Gold coins at the top of the market. Wise collectors seek out undervalued coins and buy during market lulls. A good example, go to E-Bay and enter 1913 S St. Gaudins Gold, in February 2009 the price ranged from about $1400.00 to over $5,000.00 for a single Gold coin.
The difference in the prices listed above is due to coin grading. 40 to 50 years ago the rare coin market was limited to a small number of dealers and avid collectors who mostly traded coins with each other. Three grades of coins were circulated in the early days of coin collecting. The grade Good was a rare coin with most of the detail intact. "Fine" was a grade with clear detail. "Uncirculated" meant exactly that, a coin in mint condition.
Back in 1948 Dr. William Sheldon developed the "Sheldon Scale" assigning grades from 1 to 70. The thought being that a coin graded MS-70 would be worth 70 times more then a coin graded 1.
The PCGS or Professional Coin Grading System and the NGC have since been formed to help protect the public. Coins graded by these organizations are graded according to strict standards, once graded they are sealed in a tamper proof plastic capsule with a grading certificate.
The advantages of owning pre 1933 Gold coins are numerous. You should understand the underlying, intrinsic value of a coin before you make a purchase. One thing is certain, gold coins never become worth less then their weight in gold. Depending on their rarity and condition they can demand high premiums. Rare coins, weather gold or silver enjoy immediate liquidity, as evidenced on various E-Bay auctions. Buy them privately as they are completely portable and are a tangible asset.
Tons of Gold and Silver are mined annually throughout the world, but there is only a limited, fixed supply of Pre-1933 Gold Coins, due to the fact that an unknown number were melted down during the 1930's and again in the 1980's when gold soared to $850.00 an ounce (note gold sold at $1030.00 per ounce in 2008).
Modern coins are not rare and demand only a small premium over the spot price of gold, millions are minted every year thus the small premium over spot. Pre-1933 Gold coins are in high demand and limited supply. Leverage your upside potential when investing in rare coins. The internet has volumes of information on investing in rare coins, weather they be silver, gold, platinum or palladium. The choice is yours, do your homework before investing.
For more information on our private membership in Independence Gold Club, return to our home page and click on the link at the top left "Earn Free Gold" We are helping people creatively, to build up their own store of wealth in Silver Bullion and Pre-1933 Gold Coins. When you decide to join, use Brenda Graves as your sponsor. If you have further questions visit our (contact page)
