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If you are thinking of buying a few gold coins, if you are serious about including gold coins in your investment portfolio, you've come to the right place, because today I will share with you different types of gold coins available for investment purposes. Stay tuned!
Welcome, ladies and gentlemen! My name is Alex, and here we are talking about protecting your money by investing in precious metals, I am not a financial advisor, and all the information here is for educational purposes only.
So many people would like to start investing in gold, because gold has been known as a safe haven in case of stock market collapses for many decades.
And the easiest way to invest in gold is to buy a gold coin. So what are they – different types of gold coins, and which coins are better to buy?
There are two different types of coins. The first one is standard, or regular bullion gold coins. They are produced in government mints. The most known of them are the American Eagle, the Canadian Maple Leaf, the Kruggerand, produced in South Africa and others.
I believe, you’ve ever seen the American Eagle, or at least you might have heard about it, because this is a ridiculously popular gold coin, especially in the United States.
These coins are legal tender. What does it mean? If you’ve got the one-ounce American eagle coin in your pocket, which has a $50 nominal face value, you can go to Walmart, and buy something worth 50 dollars. But, of course, it's not the best way to use this coin, because it is much more expensive. For today it is worth about 1,300 dollars.
The price of standard gold coins is mostly determined by the metal content. The higher the price of gold, the higher the price of these coins.
And as you understand, even though they are legal tender, they are not designed for general circulation.
Another type, the second type of gold coins is Numismatic, or rare coins.
The 1933 Double Eagle appearing on your screen is a United States 20 dollar gold coin. It is a rare coin.
It has its own dramatic history. It has been stolen, shipped to
Africa, almost damaged by fire, once again almost destroyed by fire, and finally in July 2002 it has been sold at auction for 7.5 million dollars.
7.5 million dollars for a single gold coin. Remarkable, isn't it?
Numismatic coins are old currencies. Nobody cares about the amount of gold in these coins, they are collected for their historical significance and aesthetic quality.
Here you can see an ancient Persian coin, and Gold Solidus of Roman Emperor Valentinian II.
These coins were minted about 2,400 years ago.
Even though, some of the numismatic coins may be worth thousands, tens of thousands, hundreds of thousands and even millions of dollars, you cannot go to Walmart or McDonald’s and buy something with them.
They are not legal tender.
They are like stamps. Stamps.
Stamps are pieces of paper. Numismatic coins are pieces of metal.
World's most expensive stamps and rare coins worth millions of dollars.
Now the question: you're are an investor, and you want to protect your wealth. Should you buy numismatic coins, or it’s better to go with standard coins?
As I mentioned before, I am not a financial advisor, and you decide.
Of course, it's better to be the owner of a small collection of rare gold coins, but it requires a lot of time, a lot of efforts, a lot of... KNOWLEDGE!
Thank you Tai.
I believe, that if Joe the Average is not a professional numIsmatist, he'd better buy standard gold coins. And the most popular of them is an American Eagle.
If you wanna buy one gold coin, it's not a problem, but it's better to buy two, five or ten of them. Because the more you buy, the lower the price.
These are the two types of gold coins - standard and numismatic, standard are for beginners, numismatic are for professionals.
Investing in standard gold coins does not require special
knowledge, investing in rare coins does.
Before you go, if you are serious about including gold in your investment portfolio, click this YouTube card and get your 100% free gold investment kit http://joyfulinvestor.com/get , and learn how you can protect your wealth by investing in precious metals.
Don't forget to subscribe, and I will see you, ladies and gentlemen in the next episode.