Get The Truth About Certified Gold Bullion Coins From Gold-Coin.com
November 11, 2009 – It seems as though each generation gets a little smarter than the last, but unfortunately there are individuals who use that edge for personal gain rather than for the greater good. This has become evident in the gold market by the increasing number of requests that major gold exchanges have been receiving for certified gold bullion coins. Certified gold bullion coins are a joke investment within the industry, because they simply offer a higher price for a coin that is very common. To better understand how shrewd salesmen make money with certified gold bullion coins, we need to answer two basic questions.
1. What does “certified” mean?
The Professional Coin Grading Service (PCGS)_ and the Numismatic Guaranty Corporation (NGC) inspect and grade historic gold and silver coins. Investors typically buy coins that were minted prior to 1933, because they are deemed to be private investments by our government’s own laws. When each coin becomes certified, it has been granted “Mint State” status. It is given a serial number, issued a Mint State ranking (61-70) and sonically sealed in a tamper-proof slab.
2. Does certifying modern-day bullion coins make them non-confiscatable?
Coins do not become non-confiscatable just by receiving Mint State certification. Executive Order 6012 states that coins of “rare and unusual value” are exempt from gold confiscation. There is nothing rare or unusual about a brand new coin, even if it is in perfect (MS70) condition. Coins that have just been issued by the US Mint should be in pristine shape, so don’t let savvy marketers tell you any differently.
If you are looking for a short-term gold investment, uncertified bullion coins may be a wise path to take. Long-term gold investors may want to avoid bullion because of its risk of government confiscation; certified historic coins may be a better financial decision. Click the link below or give us a call to get your free information packet on gold investment decision-making.
Stewart Lawson
Senior Staff Writer - Gold-Coin.com
