Proof coins are special coins. They are made by government mints
worldwide with coin collectors in mind. They are never intended to
circulate, and they have a much different appearance from coins made for
circulation. So, are proof coins somehow better than regular business
strikes? Because they are made on different equipment, with different
steps in their preparation, many collectors...
This afternoon there is a huge bag of wheat cents for me to inventory.
At London Coin Galleries Mission Viejo we buy many coin collections each
month. Not surprisingly, most coins are common coins – which is the
natural outcome of our government’s plan for making coins for our
economy. Simply stated, make many coins as fast as possible. However,...
“The Almighty Dollar” “It’s the dollars that count.” “I need a dollah,
dollah, dollah -- a dollah is what I need…” Here in the U.S., but in
some sense throughout the world, the dollar receives a great deal of
attention. As the world’s reserve currency the dollar is the currency
most used for pricing in international trade. In everyday use,...
Coins on a table… a recurring image appropriate
for a thoughtful coin owner or collector at the holiday season. Whose
were these small circles of toning metal? You can be sure that they were
possessed by many, over time. Though you may never know the details,
each piece provides a small opening to what might have been. Start with
The Krugerrand was first minted in 1967. South Africa, as a major producer of gold, saw this as an excellent marketing opportunity. Prior to the Krugerrand, most one ounce units of gold available for bullion investors were swiss-made bars. Bullion coins were smaller, such as the British gold sovereign, the Swiss and French 20 Francs, and the German 20 Mark. There were a few coins larger than one ounce, notably the Mexican 50 Peso, and the British Two and Five Pound coins. The Krugerrand, at one troy ounce, was a neat and tidy offering in a somewhat jumbled marketplace.
What are “Slabbed” Coins? When you visit London Coin Galleries in The
Shops at Mission Viejo you may notice that some, but not all, coins are
individually packaged in labelled and bar-coded containers. Known to
coin collectors as “slabs,” these are the product of third party coin
grading services. “Third party” because these services do not buy or
The term “Eagle” refers to either of two well known gold coins produced
by the United States government: the modern gold bullion investor coin,
or it’s ancestor, the $10 gold Eagle coin first minted in 1795 at the
Philadelphia Mint. The American Gold Eagle bullion coin, produced each
year since 1986, contains one troy ounce of pure gold plus additional...
A client asked me today, “What would be better
to invest in – bullion or collector coins?” The answer is… “It depends.”
If your goal is to own some precious metal to take advantage of rising
prices in those commodities, then by all means buy bullion. If you want
to collect coins rather than invest in metal, with an eye...