SPECIAL PRICING ON ALL SILVER & GOLD COIN MONSTER BOXES ORDERED! GIVE US A CALL.
SPECIAL PRICING ON ALL SILVER & GOLD COIN MONSTER BOXES ORDERED! GIVE US A CALL.
Pre-1933 gold coins are indeed different from bullion coins in many ways. Making an informed decision about which to own requires understanding as much about both types of coins as possible. Consider these facts before you drop the cash on them or cash the coins in.
These two types of coins have different histories. Pre-1933 gold coins are coins that were produced by the U.S. Mint before the government made owning gold illegal in 1933. In the depths of the Great Depression, President Roosevelt signed Executive Order 6102, requiring U.S. citizens to turn in all their gold, including gold bars and coins. The Executive Order included an exception for collectible or numismatic coins.
If a government action like Executive Order 6102 is ever put in place in the future, owners of numismatic coins may be safe from confiscation. Today, pre-1933 U.S. gold coins are considered collectible coins, so in theory, these coins would be exempt from confiscation.
One of the most appealing aspects about older coins for many people is the simple fact that no more will ever be produced. Because no more of these coins can ever be made, value can often rise quite quickly and this is particularly true when demand overwhelms supply.
In other words, when there is a fixed supply and the market is yearning for a particular pre-’33 gold coin and you have it, it’s value will go up significantly. Whether you choose to sell at that point or hold onto it is entirely up to you, but the good news is that because you have a coin of which a limited number were produced, no more coins can flood the market and lower the value.
Historically speaking, there has always been high demand for pre-1933 U.S. gold coins from collectors and investors alike. New buyers from both categories enter the market every single day and what this means is that if you own a coin that is in high demand there will always be someone out there who would like to get their hands on it.
Whether your goal is to invest or simply to have a coin in your collection that you can leverage when something you’ve had your eye on comes along, these coins often present you with a number of different options.
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