The Best Gold Coins to Buy (part 1) | The Gold Standard #2115

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Precious metals provide value diversification and insurance against inflation. Unlike previous programs, the subject is the variety of gold coins available. Gold is in great demand now, and there will come a time when many, if not all of these gold coins, will no longer be available, or the prices will make them unaffordable.

Currency is a means of exchange, a unit of account, and a store of value. We learn the hard way that currency is not a reliable store of value. The only value it has is by decree.

The ancient Greek philosopher, Aristotle put forth several laws by which money could be sound. Sound money must be durable, portable, divisible, and have intrinsic value. Only gold and silver fit that description.

This episode is devoted entirely to the stunning gold coins found in the Midas Gold Group vaults. We take a virtual look at the best gold coins you can buy, and a few of them qualify for a precious metals IRA.

Ken calls the American Gold Eagle one ounce a foundational piece and one that every American would be proud to hold in their hands. The American Gold Eagle is the largest gold coin produced by the US Mint and is the world’s most popular gold bullion coin. The obverse features what is considered to be the most beautiful design ever created for a coin, Augustus Saint-Gaudens’s Lady Liberty from the $20 Gold Eagle (described in more detail below).
The American Gold Eagle qualifies for a precious metals IRA.

In response to the rising popularity of foreign national coins, President Ronald Reagan signed the Gold Bullion Act of 1985, which stipulated that all gold used in minting the coins would come from newly mined domestic sources.

Of course, it’s always good advice to only work with reputable dealers you trust, but this is especially true when buying and selling numismatic coins. Numismatic coins typically carry a higher premium than bullion coins. Bullion coins are government-issued coins of precious metals and are part of a large and active market worldwide. For the most part, it will be easier to liquidate bullion coins than numismatic coins. Certain numismatic coins, like the ones discussed in this program, are unique: they have both characteristics of numismatic and bullion coins. For example, the Saint-Gaudens Double Eagles weigh almost as much as an American Gold Eagle. Still, they have the added feature of having historical, numismatic value based on the number of coins minted in a given year and its grade (quality).

The Canadian Gold Maple Leaf, leading coin of the Canadian Mint arrived on the market in 1979. Like the American Gold Eagle, the Canadian Gold Maple leaf is available in different sizes. The demand out weights the supply of fractional versions, so supplies tend to be limited.

For centuries Great Britain used the Gold Sovereign for circulation within the kingdom. During the rule of King Henry VII, the first Gold Sovereign was the most significant and most valuable coin seen in the civilized world. The modern-era Gold Sovereigns began in 1817. From its earliest beginnings, the Gold Sovereign became a symbol of the power wielded by the kingdom. The Gold Sovereign has been issued as a bullion coin since 1979. Since 1952, Queen Elizabeth II has been on the obverse. The reverse features Benedetto Pistrucci’s sculpture of Saint George battling a dragon.

The American Gold Buffalo is one of the best gold coins for investors because the US Mint doesn’t make that many. It doesn’t come in fractional sizes (like the American Gold Eagle). Twenty years after the start of the American Gold Eagle program in 1986, the US Mint created its first-ever 24-karat gold coin. The American Gold Buffalo is an impressive, sturdy, and attractive coin featuring another classic design from American numismatics. It borrows its obverse and reverse from James Earle Fraser’s historic Indian Head Buffalo nickel, which went into circulation in 1913. The American Gold Buffalo qualifies for the precious metal IRA.

The Saint-Gaudens Double Eagle is a classic coin and is considered the premier numismatic gold coin of the United States. Saint-Gaudens Double Eagles are rare. They were minted and released for circulation between 1907 and 1933 when President Roosevelt ordered the confiscation of gold. The Saint-Gaudens Double Eagles seen on the market today are the survivors from that era.

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