The owners of Legend Numismatics Inc and Morphy Auctions have joined hands in an effort to boost sales of numismatic Gold Coins. They agreed on taking this innovative approach on June 6th, 2012 in Denver. The new venture titled Legend Morphy Rare Coin Auctions aims to hold at least two auctions every year, for rare gold coins. With the new company, its owners Dan Morphy and Laura Sperber hope to merge the numismatic expertise of Legend Numismatics and the auction management experience of Morphy Auctions. Both parties are committed to infuse their passion and excitement into the process of auctioning for buying and selling numismatic coins.
Types of Gold Coins
Some people buy gold coins only for investment purposes whereas some have numismatic interest in rare coinage. While bullion gold coins are priced at the current spot gold prices based on the gold content in the coin, rare gold coins are priced in multiples of its original face value. This is because these coins hold aesthetic as well as historic value. If you are planning to buy these rare items, take a look at some of the types of gold coins that have good collectible worth:
Liberty Gold Coins
Liberty Gold coins come in the denominations of $20, $10, $5, $2.5. These coins are considered to be a preferred choice for those looking to invest in gold coins with some historical value. According to a Lombra study, the annual returns enjoyed by Liberty gold coin collectors were on an average 13.4% between 1979 and 2008. Also, since these gold coins are pre 1933 era, they are also exempt from 1099 broker reporting forms.
Saint Gaudens Gold Coins
Saint Gaudens Gold coins have been labelled by many avid collectors and numismatists as the most beautiful coins ever minted. This statement is even backed by former President Theodore Roosevelt who remarked that, “This is the best coin that has been struck in two thousand years”. These are also pre 1933 gold coins, which enjoy exemption from 1099 broker reporting forms. Moreover, the value of this coin has a strong history of appreciation.
Indian Head Gold Coins
These were designed by Augustus Saint Gaudens on the bidding of President Theodore Roosevelt. He wanted an amalgamation of Greek tradition and modern designs. The obverse showcases Liberty with an Indian feathered headdress. The edge of the coin is encircled by 46 raised stars representing 46 states, which were part of the United States at that time. The reverse of the coin shows a large eagle perched on a bunch of arrows. As compared to other precious coins, this had low mintage, making it one of the rarest coins used for investment purposes as well as numismatic collection.
Apart from these rare coins, many people also opt to invest in bullion gold coins. The market value of gold bullion is the same as the market value of their gold content. Some of the standard gold bullion coins are:
American Gold Eagle
First released in 1986, this is the official bullion gold coin of the United States. The obverse features Saint Gaudens’ design of Lady Liberty with a torch in one hand and an olive branch in another. The reverse of the coin is designed by sculptor Miley Busiek which shows an olive branch carrying male eagle flying towards a nest with a female eagle and its hatchlings. A one ounce coin of American Gold Eagle roughly costs $1,700 as of June 14, 2012.
American Gold Buffalo
American Buffalo gold coin is the first 24 karat gold coin minted by United States Government for the public. It was made available for sale in 2006. The coin follows the design of the Indian Head Nickel designed by James Earle Fraser in 1913. The obverse of the coin shows a Native American. The reverse side of the coin depicts an American bison, commonly known as buffalo. This coin was made to compete with other 24 karat gold coins, as investors were moving towards other 99.99 percent non-US gold coins since American Eagle has only 91.67% gold.
Aside from these, some other non US bullion gold coins are also popular among investors. They are the Canadian Maple Leaf, the Chinese Panda gold coin, the South African Krugerrand, the Australian Kangaroo and the Austrian Philharmonic gold coins. So if you’ve made up your mind on which type of gold coin you want to invest into, make sure you go to a reputed and authorized dealer to place an order for gold coins.