Daily Gold Coin Market Update
December 9, 2009 – American gold coin investments literally come in all shapes and sizes, and the US Mint has maintained a proud tradition of guaranteeing the purity of American gold coins, as well as assuring the purchasers of these coins that only gold mined within the United States was employed in the coins’ creation.
There are two types of American gold coin investments, and a VERY large gap between their times of production. Historic gold American coins were minted until 1933, when the financial problems of the Great Depression forced our government to cease gold coin production. Our government was even forced to confiscate gold bullion from US citizens to back up our struggling dollar and pay down our nation’s heavy debt.
From 1933 until 1971, gold was a scarcity within the United States for investment purposes. When President Richard Nixon removed the United States from the Gold Standard, it gave the Federal Reserve the “green light” to fire up the printing presses. Our government didn’t feel an immediate need for the gold any longer, so they began minting coins and releasing these coins to the public.
Pre-1933 US coins are available in one, ½, ¼, and 1/8 ounce weights, and these coins are useful for long-term wealth preservation and portfolio security. The US Mint replaced the 1/8 ounce coin with a 1/10 ounce variety in 1986, and the face value for US gold coins was raised from $20 to $50. Modern-day American gold coin investments are mostly reserved for short-term profit-seekers, and you should remember that post-1986 bullion coins could be confiscated in the next year if our dollar suffers more major losses.
Contact Gold-Coin.com directly or register below for the 2010 Insider’s Guide to American Gold Coin Investments.
Stewart Lawson
Senior Staff Writer - Gold-Coin.com
