Gold and Silver Coins Stand the Test of Time!

But which coins are for you?gold and silver coins

There are many types of gold and silver buyers that collect coins. Some want to collect the coins because they are valuable and they would like to acquire value and rare items as collectors. Others want to collect coins to prepare for the day that they believe the Federal Reserve will crumble and they will need an alternate form of payment. Then there are those that collect coins to make revenue. Whatever the reasoning, gold and silver coins are valuable metals that seem to stand the tests and values of time.

Regardless of the reasoning, investing in gold and silver coins is important because they are not part of added value taxes. These taxes are similar to sales taxes, but are only paid once to the government at the end-point of sale. That is why gold and silver buyers invest in these coins as an alternate form of investment. These coins are usually supplemental to a portfolio of stocks, bonds, and regular cash. If the dollar is weak and falling in value, the value of gold and silver is usually increasing. Ensuring that you own all sides of the market is a great way to stay ahead of the game and not fall victim to a total loss.

Why not buy gold bars?

First of all, the gold bars are heavy and not easily divisible. Therefore, if we come to a point in society where we are using coins for barter and not money, we want to be able to have several values to choose from. This is especially important if we are trading for items and the traders do not have change to return. Plus, gold bars are not as easy to transport or store. For ease of use, coins are the best option.

gold barsWhat types of gold and silver coins should be purchased? There are two types of coins: bullion and numismatic. Bullion coins are made of a known weight and value; whereas, numismatic coins are for very experienced coin collectors that know what to look for in quality, dates, and the rarity of the coin itself. Bullion coins are those recommended for investment purposes. These coins are the same regardless of year or quality and will be recognizable in trade, whereas, numismatic coins cannot be traded if the person trading does not understand the value of the coin itself. The gold bullion coins that are most recognizable and easily traded are the: Canadian Maple Leafs, South African Krugerrands, Mexican 50 Pesos, Austrian 100 Coronaes, United States Gold Eagles, and the United States American Buffaloes. Foreign coins cost less per ounce and give more gold for your money. For silver coins, 90% silver coins should be purchased, which are dimes, quarters, and half-dollars minted prior to 1965. Silver rounds are also a type of coin minted in the United States.

Gold or Silver coins? Gold coins are the tried and true coins that have held on through the years, with very little decrease in value. Silver coins are the unpredictable coins that may have a 3-fold increase in one year. Silver is considered the riskier coin that cannot be predicted and the gold coins are the steady and reliable coins. Diversification is important and having both types of coins is the best way to prepare for the unknown.

The best types of coins have been discussed, so now it is important to know when to purchase these coins. Researching the rates of gold and silver coins and buying when there is a dip is the best way to proceed. Unfortunately, the dip does not last long, because once the decrease in value is noticed people begin to buy up remaining gold and silver and the rate returns to normal or to an increased value.

Doing the research on these coins can really increase the value of the collection purchased. Buying low and selling high is the way to go with precious metals. It seems that the value continues to rise over time and that it may be best to hold on to these coins as a form of insurance. Gold and silver buyers can create a legacy for generations to come.