More Gold & Silver Coins Information
One of the reasons there is such a disparity between what the average consumer expects, and what the coin dealer actually delivers when it comes to buying coins from the public is that coin dealers see vast amounts of common "junk." By "junk" I mean common date wheat pennies, circulated Buffalo Nickels and Mercury Dimes, worn Washington Quarters and circulated Franklin and Kennedy Halves. Coin dealers are offered so much of this type of material that many of them get tired of seeing it. They give such material the cursory once-over and offer low-ball prices for it based on long experience. Usually people have already pulled out the more valuable coins, leaving the "junk," (or at least the the dealer must assume so.)
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Gold bars are another investment option. Smaller bars cost more as the premium is low on larger bars. But resale of big bars is not easy. Gold coins are available at lower premiums as compared to gold bars.
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Coin collecting today is still a hobby that many people enjoy. One of the most precious and most expensive collections that anyone can ever have are those of gold coins. The most expensive gold coin ever bought was worth around eight million dollars. This was the American 1933 Gold Eagle. This is why the collecting of gold coins deserves to be called the hobby of kings.
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The performance of gold bullion is often compared to stocks. They are fundamentally different asset classes: gold is a store of value whereas stocks are a return on value (i.e. growth plus dividends). Stocks and bonds perform best in a stable political climate with strong property rights and little turmoil. The attached graph shows the value of Dow Jones Industrial Average divided by the price of an ounce of gold. Since 1800, stocks have consistently gained value in comparison to gold due in part to the stability of the American political system.This appreciation has been cyclical with long periods of stock outperformance followed by long periods of gold outperformance. The Dow Industrials bottomed out a ratio of 1:1 with gold during 1980 (the end of the 1970s bear market) and proceeded to post gains throughout the 1980s and 1990s. The ratio peaked on January 14th, 2000 a value of 41.3 and has fallen sharply since. William Anton III wrote in the 2004 issue of Jefferson Coin and Bullion "...downward movement in the Dow/gold ratio is unlikely to stop precisely at the mean trendline. The extreme distension of the the 90s will likely overshoot to the opposite extreme in the current cycle."
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As with stocks, gold investors may base their investment decision partly on, or solely on, technical analysis. Typically, this involves analyzing chart patterns, moving averages, market trends and/or the economic cycle in order to speculate on the future price.
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The Latest 1950 silver dollars News
Gold Declines Below $800 an Ounce as Rising Dollar Cuts Appeal
Thu, 11 Sep 2008 11:58:54 +0000
Gold fell below $800 an ounce and silver slumped to the lowest in more than a year as the U.S. government’s seizure of mortgage lenders Fannie Mae and Freddie Mac boosted the value of the dollar and reduced the appeal of bullion as an alternative asset.The U.S. currency traded near the highest level since October ...]
Coin News Daily October 9, 2008
Thu, 09 Oct 2008 09:34:24 +0000
Hoskins Knew How to Spot a Counterfeit
By F. Michael Fazzari, Numismatic News
This month as a tribute to the memory of Charles Hoskins, my former boss and mentor, I’ll share with you what I remember about my first authentication lesson at ANACS in 1972. Hoskins was the first director of the American Numismatic Association Certification Service. ...]
4. What is an off-registered paper money error?
The Sgarabhaigh Silver Sixpence
Mon, 25 Aug 2008 04:40:53 +0000
The Sgarabhaigh Sixpence forms an important part of a wider project to conserve and share the small Scottish island of Sgarabhaigh which lies in the beautiful Western Isles of Scotland. The coin design is based on an ancient coin of the realm and incorporates a blend of the ancient and modern history of the island ...]
price guide for silver dollars
us paper money sets
Labels: silver and gold bullion coins | gold coins for sale | rare gold coins
