coin collection

It’s important to keep in mind the reasons you’re buying the gold in the first place. What are your goals and is buying gold going to achieve your goals? Does gold actually have the utility you think it does?   As we discussed in previous articles, the value of gold is dependent on the US dollar and the popularity of gold investing but it’s also ultimately dependent on whether or not anyone deems it a valuable exchange at all. Gold is a currency like any other that you want to be able to exchange for value. Given the choice, you wouldn’t want to own gold over actual resources. So there must be a catalyst that makes gold attractive, such as an […]

Why Are You Buying Gold?

A gold piggy bank with bundles of USDA cash next to it
You can save money by resisting the temptation to swipe your credit card on large transactions.  Credit card companies charge vendors around 3%. This is how credit card companies earn money, which is the money they use to give their customers points whenever they use their card. Many customers prefer to use their credit card to earn the points— however, this is shortsighted, since many people don’t realize the points are actually coming from the credit card fees they are paying. Companies are not allowed to charge any more than this percentage for credit card transactions. To make up for this fee, vendors mark their prices up an extra 3-4%. This fee may be insignificant when you’re buying a latte […]

Should I Use My Credit Card to Buy Gold or ...

Half Ounce Gold Credit Suisse Bars And Canadian Maple Leaf Coins
Being an educated consumer is inoculation against scams and bad investments. To sharpen your discernment, you must know what to look for when you set out to make your purchase. Reputation  The first thing you need to look for when buying precious metals is a reputable dealer you can trust. Research the reputation of the company you’re looking to buy from. How long have they been in business? What do people say about them? Where are they located— can you visit them in person?  If other people can vouch for how knowledgeable the company is and how they were able to deliver a smooth buying experience, then you can feel more at ease doing business with them. A gold trading […]

What To Look For When Buying Precious Metals

US American Gold Buffalo Coin, Indigenous Man On The Front, Buffalo On The Back, Pure 24k Gold
People wonder whether they should buy 24-karats gold coins or 22-karat gold. Which one is a better value? 24k gold is the popular standard that most people recognize as pure and ideal. The Canadian Maple Leaf, Austrian Philharmonic, Chinese Panda and the US Buffalo are all 24k gold coins. While the 24k American Gold Buffalo coin, for example, is a favorite among many, US Mint production figures reveal that the American Gold Eagle, a 22k gold coin, is actually in higher demand.  Many people have never heard of 22k gold. It means the gold content is only 90%, whereas with 24k gold, the gold content is 99.99%. This doesn’t mean there’s any less gold in it, however. A 24k gold […]

Pure Gold Coins Vs. 22K Gold Coins (91.67%)

The most popular coin series from the European continent is the Austrian Philharmonic. Presented in 1989, today the Austrian Philharmonic coin program includes a gold, silver, and platinum variation from the Austrian Mint. It is, nevertheless, the Austrian Gold Philharmonic coin that anchors the series and was the original offering in the program. Right now, the 1 oz. Coin Highlights: Gets here in a protective plastic flip or tube for quantities of 10. Official gold bullion coin of Austria. Available since 1989. Includes 1 Troy oz. of.9999 pure gold. Bears a stated value of 2,000 Austrian Schillings (ATS) or 100 (Euros). Obverse features the image of the Musikverein Pipe Organ from the Golden Music Hall. Reverse consists of the style […]

Austrian Philharmonic 1 Oz Gold Coin

Canadas silver Maple Leaf coin commemorates 30 years this year. One of the most valuable and typically utilized coins on the market today is the silver Maple Leaf coins. Silver Maple Leaf coins are valuable and represent a chance to get in the market for valuable metals. These coins bear a $5 stated value and will be offered as songs or in a 500-coin beast box. Both coins include the Susanna Blunt effigy of Queen Elizabeth II on the obverse. In keeping with a distribution model typical to the worlds significant providers of bullion coins, the RCM does not offer bullion directly to the general public. Interested purchasers are encouraged to get in touch with a respectable bullion dealership to […]

Canada’s silver Maple Leaf celebrates 30 years in 2018

With the exception of a couple of early Franklin Mint sets, coin dealerships just toss these coins on a scale to weigh them, and pay about 90% to 95% of spot price if theyre even made of silver or gold, which much of them arent. The U.S. Mint, on the other hand, is an official government mint, and its products do fairly well on the secondary market, specifically in time. As for the bullion offerings (e.g. 24-karat Gold Eagles, Silver Eagles, etc.), the Proof and Mint-marked versions of these coins offered on the U.S. Mint Web site have the same bullion purity material that the regular coins do, but theyre struck to a higher requirement of quality and in restricted […]

Which Gold Coins Are Better Investments for Me?

As part of our Safety Week here at Bullion, were sharing some of our most popular guides on staying safe while buying bullion and gold. Delight in! 2 of the most essential pieces of your rare-earth element financial investment are the assay and the certificate of authenticity (COA). Both of these products are a type of protection versus fraud, and to guarantee that the market is precisely represented. Assays and COAs protect everyone. An assay is an analysis designed to evaluate the structure and measure of rare-earth elements. The procedure is vital in the production in silver and gold bullion, coins in unique and general releases. Numerous kinds of assays are taken depending upon what kind of metal of item […]

Safety Week: Assays and Certificates

Gold, Fake Gold
Another technique is the ping test. Real valuable metals will give off a ringing noise that lasts for about 1-2 seconds when carefully struck by another piece of metal. Any other sounds (particularly a clunk) will let you know that the bullion isnt genuine. Every piece of silver or gold bears what is known as the mintmark of its manufacturer. One of the hardest details to phony are the structural details on the edge of the coin. A lot of coins (specifically more modern ones) have an uniform relief that allows the coins to be quickly stackable. Nobody likes being duped, and nobody likes purchasing phony gold and silver that is provided as genuine. It is essential to secure yourself […]

Safety Week: Spotting Fake Gold and Silver

Gold scammers
While gold is an attractive choice for individuals who have an interest in a safe financial investment, its also an attractive choice for people attempting to scam financiers. To secure yourself from being scammed, its important to understand how to recognize those who are genuine, and those who arent. Gold frauds prevail, as are services that attempt to pass themselves off as credible. Estimates declare that over 10,000 people per year fall victim to gold scams. This can range from sellers trying to offer their wares for much greater than market worth, to even offering gold that is entirely phony, or even gold that does not exist. As part of our Safety week here at Bullion, were reposting some of […]

Safety Week: Avoiding Sketchy Dealers

Gold storage
the American federal government offers lots of its gold. In 2015 alone the US Mint sold$1.2 billion worth of gold coins. Americans are likewise understood from buying coin and bullion on foreign markets. It is the very markets that make it difficult to identify who is buying what, and at how much. The market is deliberately vague at tracking these concerns, and tracking on the pre-owned market is beside non-existent. The closest that any tracking company, or believe tank would come to supplying a response was a tip that perhaps less How much gold do Americans own? For a nation in which we can dependably say that 23% have more than one fridge, can inform to the tenth decimal location […]

How Much Gold Do Americans Own?

The current grading system obtained from a three pail technique that began in the early 1900s. Coins were grouped as either “good” (the majority of information undamaged), “fine” (clear information with some shine/luster), and “uncirculated” (mint state). Issues rapidly arose as some “great” coins were better than others, and it became required to distinguish. by means of The point behind coin grading is that it provides an objective grading standard to subjective decisions. Usually, the very same type of coins are going to be organized together (in terms of wear, weather, age and more). This offers collectors with the assurance they are paying fair price. Together with a coins rarity, its condition (or grade) effects is numismatic value. It […]

Introduction to Coin Grading

buying bullion
The rate of gold has been driven by several divergent factors considering that it was first heated by the ancient Egyptians. It quickly ended up being a method of displaying beauty and wealth, with the ancient Mesopotamians embellishing their dead with lovely (and pricey) headdresses. Humankind has actually been driven by a desire for gold throughout its history, with King Ferdinand of Spain stating in 1511 that humans must get gold by any methods needed. Gold has actually continued to be an important product into the modern-day day. As the years pass gold is utilized in more things than simply burial headdresses; being utilized for investment purposes, electronic gadgets, medical devices, and even used in the equipment sending out humans […]

What Impacts the Price of Gold?

Gold, Fake Gold
No one likes being deceived, and no one likes purchasing fake gold and silver that is presented as real. It is important to safeguard yourself versus buying phony gold and silver by being able to confirm your purchase is genuine. Luckily, it is extremely easy to confirm the authenticity of gold and silver without a professional. It is always recommended to seek the viewpoint of a professional, anybody can learn how to do it. We are going to be reviewing the several methods which you can safeguard yourself and your financial investment today. Another technique is the ping test. When carefully struck by another piece of metal, authentic valuable metals will discharge a ringing noise that lasts for about 1-2 […]

How To Spot Fake Gold And Silver

Gold mining
With the overwhelming majority of the worlds gold being mined after the World War period, contemporary records reveal that China, Australia, Russia, the United States, and Peru are the leading five gold mining nations in the world. China is by and far the biggest gold producer in the world, mining 458 tonnes of gold in 2015. Canada and South Africa, the seventh and 6th highest manufacturers of gold, mined 310 tonnes combined, hardly more than Australias 276 tonnes. With the frustrating bulk of the worlds gold being mined after the World War age, modern records show that China, Australia, Russia, the United States, and Peru are the leading five gold mining countries in the world. China is by and far […]

Which Countries Mine Earth’s Gold For Us?

The socket connectors and cables all contain cable televisions. Links, as always, are made through gold. Computers would not have the ability to function the method they do, and the dependability required without gold. Another part towards golds dependability formerly discussed is the ability of gold to be alloyed to other metals. Check out the post on fashion jewelry for a more in depth take on this if you are interested. The brief variation is that gold can easily become connected to another metal, and this suggests gold can be alloyed to metals like nickel and cobalt. In this method gold has the ability to use their durability, and in turn supply this resilience to computer products. Stating that gold […]

The Many Uses Of Gold, Part 4

Gold Bullion and Coins
One of the other major usages of gold throughout history, and into the present day, is its use as an approach of financial exchange– in other words, as cash. Gold transactions date back over six centuries, and continue strong into this day. The strongest currencies were the ones backed by gold. Under this system, known as the “gold standard,” any individual could exchange their paper cash for its equivalent worth in gold. Due to inflation, and the restricted quantity of gold, this system became untenable. One of the other major usages of gold throughout history, and into the present day, is its use as an approach of financial exchange– in other words, as cash. Under this system, known as the […]

The Many Uses Of Gold, Part 2