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Our Featured Money Collecting Article

Gold; What Type of Gold to Buy

By Richard Amburn

Jewelry

The advantages are:

� Gold Jewelry is the easiest of the gold to buy and has the enjoyment of being able to be worn.

The disadvantages are:

� Retail Jewelry is often marked up by 300% or more in the shops.

� The real value of Jewelry is in the stones and the value is higher then of the gold.

� Most gold jewelry pieces are different and their values are biased.

Bullion coins and Small Bars

Advantages:

� Gold coins and small bars are considered a liquid market, so sellers and buyers can be found when you need them.

� They are easier obtained for smaller investors. Gold coins can be purchased smaller amounts of money (a 1 kilo gold bar starts over$10,000)

� Genuine gold coins have the endorsement of a government mint which has a degree of guarantee to them.

Disadvantages:

� The possibility of fakes that can only be spotted by dealers.

� The difference between buying and selling price of gold coin and small bar is significant vs. most types of investments.

Gold coins and small bars can good gold investment method for people with sums from $100 to $10,000 especially for people who view physical possession as important.

Big bars

Advantages:

� Big bars are traded as a professional market.

� The bars are serial numbered, and usually do not leave the security of industrial strength vaults.

� Fakery appears to have been completely eliminated.

Disadvantages:

� Big gold bars cost big money, around $160,000 each. Not an easy investment for most individuals. In fact to benefit from a competitive standpoint 1 bar is insufficient.

� For the Big gold bars, the smallest trade size the markets will consider exceeds $500,000.

� Big Gold bar trading is for the bigger companies and inaccessible to the private investors.

About The Author

By Richard Amburn http://www.goldgrow.com Tips on what type of gold investment to buy. http://www.goldgrow.com

More Numismatists Information

A major type of luster is prooflike. When dies are readied for production they are polished and/or rubbed with a cloth in order to make them appear bright and new. This polish fades rather quickly and certain issues are almost never seen with mirror-like reflectiveness. As an example, I have seen very few Prooflike coins from Charlotte and Dahlonega and only a handful from New Orleans.
Buy US paper money.

Buy two Krugers though, and quantity price breaks make krugerrands cheaper, and therefore a better buy. Also while it is true that larger bars, such as one kilo ones sell for a lower percentage premium than krugerrands, they are not as easy to resell. Only a specialist gold dealer is likely to give you a good purchase price for gold bars, and then often with less enthusiasm than for krugerrands, sovereigns, or other highly marketable coins
Buy seated Liberty silver dollars for a great investment.

Some of the series that are famous for having above-average frosty luster include the Fat Head quarter eagles and half eagles from the 1820's and 1830's, Classic Head gold, No Motto Philadelphia issues and Three Dollar gold
Buy US paper money.

One of the best ways to arm yourself against the savvy coin dealer is knowing the wholesale prices he pays for his coins. A very widely-used standard in U.S. coins is the "Grey Sheet," sometimes referred to as the "CDN." This is the Coin Dealer Newsletter, which is printed on grey paper stock, and comes out weekly. Most serious coin dealers subscribe to this publication, which lists the "bid" and "ask" values for every major type of U.S. coin, plus mint sets, slabbed coins, and banknotes (called the "green sheet.") "Bid" prices are the prices that dealers are paying if another dealer brings the coins to them. "Ask" prices are the prices for coins a dealers asks to buy. For example, if I call and ask to buy 100 common date Silver Eagles, I'll be quoted the "ask," or selling price. But if I want to sell the 100 Silver Eagles, I'll be quoted the "bid" or buying price. The difference between the two prices is the profit margin. It is quite thin for most coins.
Buy gold coins.

The $20 Saint Gaudens Double Eagle gold coin has been considered by many to be one of the most beautiful coins ever created. In addition to its beauty, investors privately acquire this gold coin which has outperformed gold bullion. This gold coin the Twenty Dollar gold piece also known as the Double Eagle is placed in the portfolios of investors worldwide for privacy and the guarantee that the United States government cannot go back and make anymore of these coins.
You canpurchase gold coins in our store.

The Latest us paper money errors News

Teletrade Launches "Teletrade Gold Rewards" Frequent Buyer Program

Thu, 03 Jul 2008 19:59:11 +0000
IRVINE, Calif. – Teletrade, America’s largest fully automated Internet auction company for certified coins and currency, has officially launched "Teletrade Gold Rewards," a frequent buyer program that rewards customer loyalty for buying coins and currency in Teletrade online auctions. The program kicked off on July 1, 2008, and is open to all Teletrade registered bidders ...]

The Ted Naftzger Collection of United States Large Cents to be Sold

Fri, 20 Jun 2008 12:41:52 +0000
Ira and Larry Goldberg will auction The Ted Naftzger Collection of United States Large Cents in 2008 and 2009. The collection will be sold in two parts, the first of which will be of Early U.S. Large Cents, held on Sunday, September 14th, 2008 in Beverly Hills, CA and on Ebay Live.
Chris McCawley of McCawley-Grellman, ...]


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