Other Sources Of Rolls Of Coins
One of my juiciest sources of circulated coins is the company that services the Coinstar machines in my area. People dump all kinds of old coins into those things! Another great source is the convenience store clerks. Sometimes people bring in whole rolls of wheat cents or silver coins to buy cigarettes and liquor. Develop a rapport with likely sources of great coins in your neighborhood, and let them know you collect! Pass out a business card and ask them to call you when interesting rolls show up. I get great coins this way!
Buy Gold Bullion Coins From Jm Bullion
If youre looking to buy gold as an investment option, then gold bullion coins offer a great place to start. Gold coins offer beautiful designs known the world over and many come with gold purity and weight backed by central governments and issued by sovereign mints. Youll find no shortage of gold bullion coins available to purchase when you shop online. In fact, the most difficult task youll face may just be choosing which coins you want in your portfolio! Below is an overview of the some of the most popular gold bullion coins available today.
South African Gold Coins
Without question, the South African Gold Krugerrand is the most widely known gold coin in the world. The first bullion coin introduced for private investment, the Gold Krugerrand arrived from the South African Mint in 1967. For more than a decade, the Krugerrand was the only gold coin available to private buyers and has survived a Western economic boycott and the end of apartheid to remain a worldwide symbol of South African gold. The Gold Krugerrand features the following designs:
- On the obverse is the effigy of Paul Kruger. The modern coins feature a modified image of Kruger which was refined in 1984 by Otto Schultz.
- The reverse includes the Springbok antelope, the official symbol of South Africa. This design was also modified and modernized in 1984, with Coert Steynberg responsible for the artwork.
Don’t Miss: How Many Grams Is 1 10 Oz Of Gold
The Million Dollar Coin A True Milestone In Minting
Incredible, but true: in 2007 the Royal Canadian Mint produced the world’s first milliondollar coin. The 100 kg, 99999 pure gold bullion coin with a $1 million face value wasoriginally conceived as a unique showpiece to promote the Mint’s new line of 99999 pure 1 ozGold Maple Leaf bullion coins. After several interested buyers came forward, the Mint decidedto make a very limited quantity available for sale. To date, five of these majestic goldbullion coins, weighing 3,215 troy ounces each, have been purchased by investors from Canadaand abroad.
In October 2007, the Million Dollar Coin was certified by Guinness World Records to be theworld’s largest gold coin. The coins are manufactured at the Mint’s Ottawa facility, where theMint operates world-class gold and silver refineries, securely stores gold bullion and mintsall Royal Canadian Mint gold bullion products and collector coins.
The reverse features an elegant, hand-polished maple leaf design by Royal Canadian Mintartist and senior engraver Stan Witten, and the obverse bears the effigy of Her Majesty QueenElizabeth II by celebrated Canadian portrait artist Susanna Blunt.
Why did the Royal Canadian Mint make the world’s purest and largest gold bullion coin?Because we can.
Specifications
The Best Places To Buy Gold Coins
Most gold coins are bought in one of two places: at a local coin shop, or online.
Believe it or not, youll likely find better pricing online than at a coin shop, even after factoring in shipping costs. Thats because the overhead at a brick-and-mortar store is higher. But thats just part of the difference between them.
Heres the pros and cons of your two basic options
Don’t Miss: Kay Jewelers Guest Appreciation Event
Types Of Dollar Coins
All U.S. minted coins can be used for legal tender, though youd be better off collecting or selling some dollar coins. Coins like gold dollars and silver dollars are worth far more than one dollar. Furthermore, other coins like the presidential coins, though not worth much more than one dollar, have a certain sentimental value that may make them worth keeping in your collection.
Everything You Need To Know About The Crazy Plan To Save The Economy With A Trillion
The only thing we have to fear is fear of the trillion-dollar coin itself.Pragmatic Capitalismpay youJoe WeisenthalBusiness InsiderJosh BarroBloomberg ViewBipartisan Policy CenterRepresentative Jerry NadlerPaul Krugman6,000 other patriotic AmericansWhat’s this nonsense I’ve been hearing about a trillion-dollar coin? It’s got to be some kind of elaborate —No, I’m pretty sure this is from the Simpsons.$1 trillion billcoinI’m almost afraid to ask, but why does it need to be a coin? And why platinum?platinumDid Congress decide life wasn’t imitating Bond films enough? What were they possibly thinking?Okay. So the Treasury can mint a trillion-dollar coin because of a law that lets it mint commemorative coins in whatever denomination it chooses, right? Doesn’t this violate the spirit of the law?Dylan MatthewsWashington PostSeigniorage“Almost certainly legal” is good enough for me, but what if it isn’t for everybody else? Would it survive a court challenge?joint resolution of Congresspower to regulate moneycould not seek redressOkay, so this might be legal, but —Greg WaldenFINE. It’s legal. But there’s still one thing I don’t understand. Would we need to come up with $1 trillion worth of platinum to mint our $1 trillion platinum coin?So why not just mint 16 of these $1 trillion coins and retire the entire national debt, smart guy? Or, even better, create a single $16 trillion coin — scratch that, make it $100 trillion!Paul KrugmanJoe Weisenthal
Don’t Miss: Where To Sell Gold Rdr2
The Many Reasons For Buying Gold Coins
Gold offers benefits far beyond the fact that its price can rise.
Considerable all the advantages you gain by buying gold coins. Gold is
A tangible asset. You can hold $50,000 of gold coins in your hand, which you cant do with most any other investment. It cant be destroyed by fire, water, or even time. And unlike other commodities, gold coins dont need feeding, fertilizer, or maintenance.
Free of counterparty risk. Gold coins require no paper contract to be made whole. Gold is the only financial asset that is not simultaneously some other entitys liability. It doesn’t require the backing of any bank or government.
Highly liquid. Gold coins can be sold virtually anywhere in the world. There are gold dealers in just about every major city on the planet. And in a crisis, gold will be in high demand. Other collectibles, like artwork, take longer to sell, have a smaller customer base, and will likely entail a big commission.
Value dense. You can hold $50,000 in gold coins in the palm of your hand. Gold coins take up such little space that you can store more value of them in a safe deposit box than stacks of dollar bills.
Private and confidential. How many assets can you say that about in todays world? You must pay taxes on any gain, of course, but if you want a little privacy or confidentiality, just buy some gold coins!
Portable. You can take gold coins with you wherever you go in the world.
One Ounce Canadian Maple Leaf
Purity .9999 $50 Canadian face value
Backed by: Commonwealth of Canada
Can also be bought in half, quarter, tenth, and twentieth-ounce denominations
Special Note: Royal Canadian Mints advanced security measures make this the most secure gold coin in the world.
Can also be bought in half, quarter, and tenth-ounce denominations
Special Note: The Perth Mint produces a new depiction of the Kangaroo every year
Also Check: Can I Buy Gold Jewelry From Dubai Online
How To Crack The Bank’s Refusal To Sell Rolled Coins
Now that you understand the reasons why banks are reluctant to order and provide rolled coins, you can learn to work with them to get what you need. Whether you are looking for mint-state rolls of Sacagawea Dollars or circulated pennies so you can sort out the copper from the zinc, the first step is to define your goal.
If your goal is to get mint-state coins, your best bet is a smaller, full-service bank that doesn’t usually deal with a lot of merchant accounts. Such banks are typically positioned as higher-end “enterprise banks,” and don’t have the free types of checking and savings accounts. But if you’re a hard-core coin searcher or like to lay up a lot of mint-state rolls, a bank of this sort will be the type most likely to order and get “new” coins. They will most probably pass the fees along to you, too, and having an account at the bank will be mandatory.
Release Of Dollars By The Us Treasury: The Gsa Sale
Because of the size and weight of the dollar coins, they circulated minimally throughout their history, except in the West As a result, the coins were generally shipped to Washington and stored in the vaults of the U.S. Treasury at times these stores numbered into the hundreds of millions.
They were very popular as Christmas gifts, however, and from the 1930s to the early 1960s, many bags were annually released to banks nationwide to be distributed as presents. In November 1962, during this annual distribution, it was discovered that there were some rare and valuable dates, still sealed in their original mint bags, all in uncirculated condition, among the millions of dollar coins still in the Treasury vaults. Collectors/investors/dealers lined up to purchase them in $1,000 bags, trading silver certificates for the coins. Before this event, the great rarity of the Morgan series was 1903-O, which was by far the most expensive of the entire set. It was discovered that there were millions of this specific date and mint in the Treasury vaults an estimated 84% of the entire mintage sat in these bags, untouched for 60 years, all in uncirculated condition. While still relatively expensive in circulated grades, uncirculated examples can be had for a modest amount over common dates.
You May Like: How Much Is 18 Karat Gold Per Ounce
Are Silver Dollars Still Made
The U.S. has been minting silver coins since 1794, but you will find that virtually all coin denominations stopped using silver after 1964. The half dollar and dollar coins were reduced from 90% silver to a 40% silver composition for a brief time until the U.S. Mint switched to using cheaper metals in the 1970s.
Can I Buy Coins From My Bank
Depends where you live. If youre in Europe or Asia, check with your bank. Some banks offer gold products to retail customers. I know several people that have done this very thing in Switzerland, for example.
To find out if a bank offers gold coins for sale, just give them a call . One caution: make sure you compare premiums, so that youre not being overcharged. Also, inquire if they offer lower rates to existing customers.
If you live in the US, it is a common misconception that you can buy gold at a bank. Many people expect a bank to issue gold, harkening back to times of old, but today most physical gold is purchased from non-bank distributors. Even the US Mint requires retail customers go through an authorized purchaser .
You May Like: How Much Is 18 Karat Gold Per Ounce
Susan B Anthony Dollar
From 1979 to 1981, and again in 1999, the Mint produced Anthony Dollars depicting women’s suffrage activist Susan B. Anthony . Anthony thus became the first historical female person portrayed on circulating U.S. coinage. Many earlier circulating coins had featured images of women via allegorical figures such as Peace or Liberty Spain‘s Queen Isabella appeared on the 1893 Columbian Exposition quarter dollar but the coin was not intended for general circulation. The Anthony dollars, like the Eisenhower dollars, were made from a copper-nickel clad. The 1981 coins were issued for collectors only but occasionally show up in circulation.
The Anthony dollar, because of its color, size, and design, was often confused with the quarter. It was never popular and production was suspended after 1981. In 1999, it was struck again when Treasury reserves of the coin were low and the Sacagawea dollar was still a year away from production. While reserves of the coins were high, the coins were most often seen in vending machines, transit systems and post offices.
Ordering Circulated Coinage Is Easy
If your goal is to buy rolls of circulated coins, your best bank type is the big name, broad appeal banks where average small business people do their banking. These banks typically deal in substantial amounts of circulated coinage, as some types of businesses take in more coins than they need, and will deposit them. Other business types use vast amounts of mixed coinage to give to their customers in change. Banks that do a steady merchant business almost always have plenty of circulated coinage on hand, and will often sell it to non-account holders. If you want to get this type of coinage regularly, especially in large quantities such as boxes of rolls, it’s a good idea to open an account with the bank that is supplying you with your coins.
Read Also: Who Makes Gold Peak Tea
Collectible Dollar Coins For Hobbyists And Investors
You enjoy nothing more than finding a rare coin that’s eluded you for years. Perhaps you’ve always loved collecting coins as a hobby, or you’re looking for the perfect gift for a friend who collects. With the great selection of dollar coins at HSN, your collection can now be complete.Whether it’s a single gold dollar coin you need or it’s a set that’s caught your eye, we carry a wide variety of dollar coins to please serious hobbyists and investors alike. Rare, uncirculated coins can be extremely valuable. You might hold onto a silver dollar coin today and find out it’s worth much more in the future. Even if you’re the type of hobbyist who simply loves watching his or her collection grow, you’ll find a lot to love in our select coin category.Presidential dollar sets featuring past leaders like John F. Kennedy and Ronald Reagan make unique gifts. Silver peace dollars and buffalo coins are more currency options that hobbyists look for. Appealing display options allow you to show off your finds in an inviting way.Shop HSN today for a single rare coin or buy an attractive set that will increase in value as the years go by.
How & Where To Buy Gold Coins
Jeff Clark, Senior Analyst, GoldSilver
Theres nothing quite like holding a gold coin in your hand. And owning some real gold offers a number of advantages you simply cant get with other investments. And since gold is a natural hedge against the stock market, its an excellent way to diversify, too.
This article will cover the basic dos and donts of buying gold coins, including the advantages of owning them, the best gold coins to buy, the best places to buy , and how to avoid getting ripped off. With a few simple guidelines youll be on your way to owning one of mankinds longest-living assets.
This guide to investing in gold coins will seek to answer some of the common questions we hear including:
- Why buy gold coins?
- Which gold coins should you buy?
- Should you invest in numismatic gold coins?
- What are the most popular gold coins?
- Can you purchase gold coins from a bank?
- Whats the best place to buy? Can you trust online dealers?
Lets start with something about gold coins that many investors arent aware of
Also Check: Does Kay Jewelers Sell Real Gold
Selling Your Coins Back To The Bank
It may be obvious to you that a bank would need coins. Therefore, they would want to buy them from you or you can deposit them into your account. However, the next time you go back to that bank, you might keep getting the same rolls of coin back. Therefore, you need to set up an account at another bank where you can deposit your coins so you will not keep getting the same coins back. This is commonly referred to as the “dump bank.”
Value Of Sacagawea Dollars
Sacagawea gold dollar coins were minted first from 2000 until 2008 and again with different reverse designs starting in 2009. These are popular coins but well over a billion have been minted since 2000. There are a couple of special varieties that are collectible like the 2000-P Cheerios coin. However, your regular strike Sacagawea coins are still just worth $1 and will likely only be worth a dollar for the foreseeable future. A moderate exception would be that some of the older rolls do sell for a very small premium over their face value. All Sacagawea coins, while gold in color, have absolutely no precious metals value. They are made of copper, manganese, brass, zinc, and nickel. Despite their limited collector value, Sacagaweas are still a fun coin with a lot of history.
Our guide at the bottom of this page lists the mintage figures and historical information about all the various Sacagawea coins from different years. Here are some quick facts that collectors might find of interest:
You May Like: How Many Grams In 1 Oz Of Gold
The Life Of Sacagawea
Sacagawea was the Shoshone Indian who assisted the historic Lewis and Clark expedition. From 1804-1806, while still a teenager, she guided the adventurers from the Northern Great Plains to the Pacific Ocean and back. Her husband and their son, who was born during the trip, also accompanied the group.
At about the age of 11, Sacagawea was captured by a Hidatsa raiding party and taken from her Shoshone tribe. She was later sold into slavery with the Missouri River Mandans. They then sold her to Toussaint Charbonneau, a French-Canadian fur trader, who made her his wife.
Hired by Lewis and Clark
Charbonneau was hired by Captains Lewis and Clark primarily because of the skills his wife, Sacagawea, possessed. Sacagawea was only 15 years old at the time and already six months pregnant. Despite these possible limitations for such an arduous journey, she knew several Indian languages, and being Shoshone, could help Lewis and Clark make contact with her people and acquire horses that were crucial to the success of the mission.
After the Expedition
