Tuesday, May 18, 2010

Know the gold coins value, collect rare gold coins

Coin collectors and investors like to collect bullion gold coins and numismatic gold coins. The bullion gold coins and numismatic gold coins vary in value. Bullion gold coins are valued based on their gold content, while the numismatic gold coin is valued according to their rarity, grade, popularity, and quality. When you decide on collecting gold coins, choose what type of gold coins that you want to collect.

If you have no idea about the base price of these gold coins, research on gold coin prices guide on the internet. There are a lot of websites that has information about the current price of gold. Pure gold coins have 99.999 percent of gold. Among the coins that collectors desire are rare gold coins. Rare gold coins range from a hundred to thousands of dollars, others even reach to millions. These rare gold coins are priced that much because of its numismatic value.

Rare gold coins are valued because of the demand that these coins have. Most collectors look for very rare gold coins for their collection. Aside from the gold coins worth, a collector can have a piece of history in their collection. There are a lot of popular pre 1933 gold coins available in the market today. Gold coin minted between 1800 – 1933 ranges from a thousand to even a hundred thousand dollars.

An example of the most famous rare gold coins is the 1933 Saint-Gaudens Double Eagle. It is named after a sculptor named Augustus St. Gaudens. This gold coin is considered by some to have the best design in the American denomination. But when Pres. Franklin Roosevelt ordered off the gold standard in 1933, nearly all the gold coins minted in 1933 were melted. Only a few were spared, but the last piece that was known to exist was sold in auction in 2002 for a whopping $7, 590, 020. This is by far the most valuable coins in the world.

There you have it, good luck collecting your gold coins. Just have patience, and you will be rewarded because of that.




Read about the most rare gold coins today. Learn about a piece of history by collecting pre 1933 gold coins. Know the value of old gold coins by engaging in gold coin valuation.