$1 Old U.S. Gold Coin (Type 3 Extremely Fine Condition)

In parts one and two of this article-blog I pontificated on the reasons that younger people are buying rare gold coins and numismatic gold coins. My reasoning is probably sound, but for whatever reasons, the fact is that more Americans are entering the precious metals markets than ever before, and many of these people are buying rare gold coins and numismatic gold coins, as well as modern gold coins, and they are now buying gold coins online rather than in the coin shops as their parents and grandparents had.

Rare Gold Coin Dealers Have To Evolve, And They Have To Create New Services
Almost two decades ago, when Craig Griffin, Founder and President of ITM Trading envisioned building a full-service, buy/sell/trade precious metals business, the internet was in it’s infancy. Some experts saw it as a fad that would come and go, like disco. Gold coin shops were still the norm, and the emerging trend for rare gold coin dealers was to advertise nationally and sell coins by communicating with clients on the telephone (still land-lines at the time) and then deliver the rare gold coins, numismatic gold coins, and modern gold coins by mail. At the time, the idea of sending a large check to someone you had never seen or shook hands with, and then waiting by the mailbox for a shipment of gold seemed on the verge of insanity. However, Craig saw a way to offer the best of both worlds to his clients, and he set out to create his vision.

ITM Trading Was Different From The Beginning
Craig Griffin knew that collectors of rare gold coins and numismatic gold coins were probably pretty set in their ways and that they liked to see the coins they were purchasing before they handed over hard cash. He knew that he wasn’t going to change that, and he didn’t want to change that. He did however see an opportunity for education, and he knew that with the right people by his side, he could educate people as to why they needed to have rare gold coins and numismatic gold coins to compliment their investment portfolio. This was a new approach for a rare gold coin dealer, but it was Craig’s approach. At the time, things were changing fast, and most people had no experience in planning their financial future, and retirement planners were all mostly insurance agents with limited products.

Why Craig’s Vision Was Needed
If you are old enough to remember this, then I’ll just be connecting the dots, but if you are not, then here is a little American History. Prior to 1970, gold was illegal for Americans to own as an investment. The U.S. Government set the price of gold, and it varied slightly from $35 an ounce to about $42 an ounce for decades on end, and this is where it gets really interesting….to continue reading about rare gold coin dealers and buying gold coins on line, follow this link.