collectors of Gold Coins will get an opportunity to win famous valuable coins at the Long Beach Coin, Stamp and Collectibles Expo in 2012. This expo is being held at the California Convention Center, situated at Long Island Beach, from February 2 to February 4, 2012. During this three-day expo, one gold coin will be given as a door prize each day. Ronald J. Gillio, General Manger of the expo, revealed that the Professional Coin Grading Service (PCGS) will reward the winner of the coin grading competition with a $20 Saint Gaudens gold coin, which is known to cost around $2,000.
The coin grading will be open only to current PCGS Collectors Club members and present active members of the PCGS Set RegistrySM. Dealers will not be allowed to participate in the expo.
Being held at Long Island Beach, this expo will allow people to buy and sell vintage paper money, estate jewelry, rare gold and silver coins, rare stamps and other similar collectible items. Apart from this, collector’s club meetings and educational seminars will also be held at the expo. Another highlight of this expo will be the Heritage Auction, where rare coins will be auctioned to the public.
However, the highlight of this expo is that a lucky winner will win a $20 Saint Gaudens coin every day. This is not only a rare and beautiful US minted coin, but also a very valuable one. Most gold traders would recommend investment in this coin because such a purchase may prove fruitful in the coming years.
4 Advantages of purchasing the $20 Saint Gaudens
The $20 Saint Gaudens gold coins were first minted in 1907 and their production continued until 1933. Some reasons why these coins are considered good for investment purposes are:
1. Universally Owned and Traded
These are the most commonly owned and traded coins all over the world. This also helps to increase their demand, both nationally and internationally. The guarantee issued by the US government on the purchase of $20 Saint Gaudens allows owners to trade them in all major gold markets of the world, providing great liquidity in comparison to other assets.
2. High Gold Content
The $20 Saint Gaudens are made up of 90% gold and 10% copper, with a gold content of 0.9675 troy ounces. Thus, when there is an increase in spot prices of gold, there is a proportional increase in the value of these coins as well.
3. Come with a Guarantee
The $20 Saint Gaudens come with the US government’s guarantee. The guarantee includes: • The weight of the coin • Its purity • The content of gold and other elements. This lends confidence to the owner about the product he/she possesses. This guarantee provided by the government is one of the main reasons for the popularity of these coins as a way to maintain wealth.
4. Privacy Maintained
In the United States, people who own gold bullion coins and bars need to fill out an IRS form (1099B) when selling, sharing their name, mailing address and social security number. Some people feel that this is a sort of invasion of their privacy, which many feel can lead to confiscation of the gold owned by them. However, if one invests in $20 Saint Gaudens gold coins, he/she does not need to worry about getting entangled in these rigid regulations. This is because these coins are not categorized as bullion gold coins but as rare coins.
However, you should first understand why you want to invest in the first place, and depending on the answer, make your choice regarding how much and where you want to invest your money. These coins are considered to be collector’s items and are often considered to offer good profits to the owners of these gold coins.