How do Costco Gold Bar Prices Compare

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Costco added a several product lines of 24k Gold Bars to their online store and select warehouses last year, to which their members have taken quite a shine. These investment-grade gold bars are minted from 24k pure gold (.9999 fine) and are minted by a variety of private refineries.

Periodically, Costco will post gold bars for sale on their website at a fixed price relative to the current gold price.

On a recent trading day, Costco offer PAMP Suisse 1 oz Gold Bars for around $61 over that day’s gold price, which was a premium of around 2.6%. The lowest dealer price for the Lady Fortuna Gold Bar that day was around $76 over melt value, roughly 3.24%.

It’s estimated that they are selling up to 80,000 ounce per month. While the low premiums are low, many are maxing out the Executive Membership rewards while leveraging credit card offers to maximize cash back for buying gold bars.

Costco offers these various gold bars with a limited inventory like a “flash sale”. Once the available stock is sold out, the listing becomes inactive. The r/CostcoPM group on reddit tracks the latest offerings as they are available, but most Costco gold bars are sold out within an hour or two.

These same brands of gold bars are generally available in the bullion markets and can be bought from many trusted and reputable bullion dealers.

Most investors in physical gold bars will become familiar with the local coin stores in their area and will also have a handful of favorite online dealers. Not only can this be helpful in adding to your portfolio, but it is also good for down the road, when its time to sell. Local coins stores actively trade in precious metals due to their expertise in gold coins and are familiar with market conditions.

The employees at local coin stores can be extremely knowledgeable when it comes to tangible assets and will often have insights into the buy/sell spread in the local area. While online bullion dealers offer a large selection of products, including bars that are available in a variety of denominations that are less than a full ounce. Fractional gold bars are available in a range from as small as 1 gram to as large as 20 grams and are popular will investors with more modest budgets.

The smallest denomination available from Costco so far has been the 25 gram PAMP Multigram gold bar, which is comparable in price to a full 1 oz gold bar. Buyers looking for smaller denominations of fractional gold bars will have more choices shopping with online bullion dealers.

The brands that Costco has offered so far have been limited to those from PAMP Suisse and the Rand Refinery. Both are among the most reputable refineries and private mints, however, the cheapest 1 oz gold bars are often those from the secondary market.

RAND Refinery

Established in 1920, The RAND Refinery plays a central role in processing gold from the renowned South African gold mines. With over a century in operation, the RAND Refinery has established a strong reputation for reliability and quality in the global precious metals market which contributes to its trusted status among investors and collectors.

Depending on the market conditions, gold bars from the RAND Refinery can be cheaper and may be more cost-effective with a lower price per ounce compared to those from other refineries. RAND Refinery’s gold bars are a highly liquid investment that is recognized and accepted worldwide.

RAND 1 oz Gold Bar

Costco Product Page: Item #1768080

RAND 100 Gram Gold Bar

Costco Product Page: Item #179644

PAMP Suisse

PAMP Suisse is a private mint based in Ticino, Switzerland. Established in 1977, the company has grown to become a leader in the precious metals industry with an outstanding reputation for producing gold bars of the highest quality. Each newly minted gold bar is produced to the industry standard of .9999 fineness and is accompanied by an assay certificate that guarantees its purity and weight.

PAMP Lady Fortuna Series

The Lady Fortuna has received several updates and refinements throughout its 45th year history, making it the most iconic and recognizable brand in the gold market.

Combined with PAMP Suisse’s industry leading Veriscan technology that captures the unique topographical characteristics of each gold bar. A mobile app is available that allows investors to instantly authenticate PAMP Suisse Gold Bars by uploading a series of images, which are then compared to those stored in Veriscan database during the time of minting. This anti-counterfeiting measure helps assure investors that they are buying genuine investment-grade gold bars.

1 oz Lady Fortuna Gold Bar

PAMP 100 gram Lady Fortuna Gold Bar

Costco Product Page: Item #1801206

PAMP 50 gram Gold Bar

Costco Product Page: Item #1782174

PAMP 1 oz Lady Fortuna Gold Bar

Costco Product Page: Item #1748080

PAMP 20 gram Lady Fortuna Gold Bar

Costco Product Page: Item #1782171

Multigram+25 Gold Bars

The PAMP Multigram+ line contains various quantities of 1 gram gold bars in a single assay card. The card is divisible and each 1 gram gold bar can be separated while staying sealed within a mini assay card.

So far, Costco has only offered to Multigram+25, which contains 25 grams of .9999 fine gold. Other sizes in the product line include the Multigram+12, which contains 12 individually sealed one gram gold bars. Additionally, the Platinum Multigram+25 is also available, which can provide some additional diversity to your holdings.

PAMP Multigram+25 1 gram Gold Bars

Costco Product Page: Item #1811661

PAMP Rosa Series

The most distinctive feature of the Rosa series is the intricate rose design engraved on the bar’s obverse side. The detail, sophistication and precision of PAMP Suisse’s refining and minting process is showcased with PAMP Rosa design.

The Rosa design features a single, detailed rose in full bloom at the center of the bar. The rose, with its layered petals unfolding, is depicted with fine lines that showcase the intricacies of its natural form.

Surrounding the rose is a plain, mirror-like finish that contrasts with the textured detail of the rose encased within a border that frames the design, giving it a finished, refined look.

The reverse of the bar is stamped with the PAMP hallmark circles logo, along with the weight and purity information and a unique serial number that matches the tamper evident assay card.

PAMP 100 Gram Rosa Gold Bar

Costco Product Page: Item #1782169

PAMP 50 gram Rosa Gold Bar

Costco Product Page:

PAMP Rosa 1 oz Gold Bar

Costco Product Page: Item #1782167

The Rosa design is one of the signature motifs from PAMP Suisse. The rose is a symbol of beauty, love, and often secrecy. The PAMP Rosa design taps into this rich symbolism and the universal appreciation for the flower’s beauty.

Each minted gold bar is made using a die-striking process that imprints the design onto the bar.

PAMP Lunar Legends Series

Like other PAMP Suisse products, the Lunar series bars are available in high purity .9999 fine gold. The designs are renowned for their intricate detailing and artistic quality. To celebrate the Year of the Dragon, PAMP Each bar features an image of the zodiac animal for that year, often depicted in a style that combines traditional and modern artistic elements.

The Azure Dragon is part of the Four Symbols and is considered important for creating balance and harmony in the environment. It is often paired with the White Tiger on the opposite side to balance yin and yang energies.

Each bar comes packaged in a tamper-evident assay card with an individual serial number and a certificate of authenticity.

PAMP Lunar Legends Azure Dragon 1 oz Gold Bar

Costco Product Page: Item #1778080


Precious Metals 101: Buy the Spot Price Deals

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As an incentive to new customers, some online dealers offer spot price deals to new customers as motivation to make a purchase. By combining all of the available spot price offers, it’s possible for an investors to build a small precious metals portfolio that contains roughly a kilogram of silver and 1 oz and 11 grams of gold.

Silver at Spot Price Deals

Silver at spot price deals are available to new customers. Each dealer has typical restrictions that allow only one offer per household. These offers are low risk path to invest in silver. Some offers include free shipping, some don’t. It’s important to check the fine print on each dealers’ website for the exact terms and conditions, since these can change at anytime. Many online dealers today have a minimum order amount to qualify for free shipping. Some of the offers meet the threshold and qualify, but some do not.

Gold at Spot Price Deals

In addition to the silver offers above, some dealers offer gold at spot price as well. These deals carry the same types of restrictions as the other offers, but are an opportunity for those interesting in buying gold to start a small precious metals portfolio while saving on dealer premiums.

  • JM Bullion – The JM Bullion Gold Starter Pack allows investors to buy a 1 oz gold bar at spot price.
  • SD Bullion – The Doc at SD Bullion has an offer for a 10 gram Gold Bar at Spot Price. The bar is minted by Argor-Heraeus and incorporates their Kinebar hologram innovation that is almost impossible to counterfeit.
  • APMEX – Available to new customer in the APMEX app, you can get a 1 gram gold bar at spot price. Simply install the APMEX app on your phone, create a new account and add the bar to your cart.

All of these deals are a good way for beginning investors to get their hands on physical precious metals. By combining all of these offers, you will have a diverse precious metals portfolio that contains a combination of investment-grade silver bars, silver rounds and silver coins, along with a variety of 24k gold bars.

Easy Ways to Sell Costco Gold Coins for Cash

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With regards to precious metals, Costco has revised the return policy for these products. One of the caveats in the fine print is that gold coins are not-returnable, unlike virtually every other item that they sell.

It’s been estimated by analysts at Wells-Fargo that the warehouse club could be selling as much as $100 to $200 million in gold per month, which is as much as 75,000 to 80,000 troy ounces per month.

Even though Costco’s extensive list of available gold products, a quick scroll through the r/CostcoPMs forum on Reddit that tracks precious metals offerings shows that majority recent offerings have been American Buffalo and American Eagle Gold Coins, Maple Leaf Gold Coins and gold bars in various sizes from 1 oz to 100 grams from PAMP Suisse and RAND Refinery.

If you’re sitting on a stack of Buffalo Gold coins you bought from Costco and want to sell for cash and get the highest price possible, there are a variety of options available.

The Wall Street Journal recently reported that selling gold bars takes a bit more effort than the few clicks it takes sell stocks, bonds or crypto. Gold is a tangible asset, unlike stocks, bonds and crypto. It’s something physical that can be stored in your possession.

Once you have an understanding of the various places that you can sell gold, the process can be easy and simple.

Local Coin Shops

The Local Coin Stores in your area are a good starting point when looking to sell gold coins.

When you’re looking to sell gold coins, the first thing to do is contact the local coin stores in your area. Some local coin shops will post their buy and sell prices for bullion coins and bars on their websites. While others may be able to provide you with an appraisal or estimate over the phone.

When you contact the local shops, it’s a good idea to have an idea of what the current spot gold price is trading at. Many local coin shops will use the current market price when making a bid for your gold. However, some may use to closing price from the previous day. This is common if you are selling over the weekend or on holiday when the trading markets are closed.

It’s a good idea to contact at least 2 or 3 local shops. Expect to get a wide range of offers since each dealer will have their own buy/sell spread, with some being absurdly low, while some will be within typical market ranges.

The offers you get when you sell 1 oz Gold American Eagle Coins to a local coin shop should be slightly above the melt value. The exact rates will vary depending on local market conditions, the condition of the coins and the volume of coins in the secondary markets.

Many local coin shops also accept walk-ins without an appointment. You can often just walk in with your gold coins and lay them on the counter to receive an immediate offer. The clerk will inventory what you’ve brought and assay any pieces they may need additional confidence in.

The Sigma PMV machines have become standard equipment for any business that trades in precious metals, especially local coin shops. These devices use the electromagnetic resistance to verify gold coins without causing damage to the coin. These devices can also verify the purity and composition of coins that are encapsulated. Extensions wands allow testing of smaller pieces.

Depending on the value, some dealers may pay cash, but most will probably pay with a check.

Online Bullion Dealers

Most online bullion dealers are specialists in the trading of precious metals. While each dealer has a process that is unique to their business, some dealers make it easy for you to do a self-appraisal of sorts by publishing their buy back rates on their websites. This helps to get an estimate of what each piece in your collection is worth.

Others may require you to contact them and submit the details of which gold coins you would like to sell via email, chat or a form on their website. Each will have a unique buy back price as well as a process for handling the intake, which they will provide to you once you contact their sales team.

Typically, online dealers will make an offer for your precious metals based on the current market rates. You will be required to mail the metals to their intake center if you agree to sell them the metals at that price. Some dealers will provide a mailing label to cover the cost of postage, while others may require you to send the metals at your cost.

Once the dealer receives your metals, they will inspect each piece and test on a Sigma or XRF to ensure that each piece is genuine and authentic. Once everything is confirmed, the sales team will issue payment, most typically via check or ACH.

eBay

eBay is notable for collectibles, however, they are also the largest online marketplace for buying and selling precious metals. Beyond numismatics and collectibles, many of the largest online bullion dealers including Bullion Exchanges, APMEX, and JM Bullion sell many of the same products through eBay. eBay offers large volume sellers higher discounts on listing fees, final valuation fees and includes other incentives to help keep the prices low.

There are even times when dealers will offer a product for a lower price on eBay than on their own website. It’s hard for individual collectors and investors to compete when selling bullion gold coins like Gold Buffalos and Maple Leafs.

While the selling fees make it prohibitive for individuals to sell, eBay does offer a precious metals buy back program that is managed by APMEX.

Facebook Groups, Reddit and other Online Forums

There are thousands of Facebook groups, Instagram and TikTok channels focused on the buying/selling/trading of gold coins and other precious metals. Many are operated by local coin shops, investors, coin clubs, collectors, numismatists, traders and other enthusiasts.

There are various groups on Reddit that have developed community ratings systems that help identify active members with a positive reputation.

While its possible to sell coins through these online communities, developing trust as a seller is something that takes a number of transactions with positive feedback.

Pawn Shops and Cash4Gold Stores

There are around 11,000 pawn shops in the US, with the highest concentrations of stores in lower-income areas. Pawn Shops and Cash4Gold stores are typically considered places of last resort for selling gold coins.

Selling gold coins to pawn shops may seem convenient and quick, but their primary aim to make a profit when they resell items. This means they need to purchase your gold coins at a lower price to ensure they make a profit upon resale, regardless of changes to the spot gold price. As a result, offers from pawn shops might be significantly below the market value of your coins.

Divisible Gold Bars Can Help in Being Prepared

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Divisible gold bars are a popular solution for helping investors stay prepared for any financial emergency. These physical gold bars are a tangible asset that you can store at home alongside other valuables and are available from a variety of manufacturers in a variety of sizes and weights that can provide immediate liquidity.

Having fractional gold bars set aside is wise for financial preparedness because it offers a reliable and accessible reserve that can be used in times of need. Gold’s status as “real money” is backed by its physical properties, intrinsic value, and historical role as a medium of exchange and store of wealth, making it one of the most trusted assets to hold in uncertain times.

Gold is highly liquid and can be quickly and easily converted into cash, making it a practical asset to hold for emergency needs when quick access to funds is necessary.

Three of the leading precious metals refineries in Europe mint divisible gold bars that allow investors to break off the amount necessary if it becomes necessary to sell.

PAMP Suisse Multigram

The PAMP Suisse Multigram gold bars are especially suited for investors who appreciate the flexibility of smaller divisible units. They are also perfect as thoughtful, valuable gifts for special occasions.

PAMP Suisse Multigram+25 Gold Bars

Each unit of gold is the same as every other unit and ensures that all gold of a particular weight and purity is valued the same.

In the Multigram+ series, multiple 1 gram bars are presented in a single sheet, where each bar is in its own compartment within a larger assay card. This card is perforated, allowing individual bars to be detached without compromising the remaining bars’ security and authenticity. Individual 1 gram gold bar is packaged in a sealed protective assay card, which includes the bar’s weight, purity, and a unique serial number.

The packaging is designed not only for protection but also provides essential assay information about the metal content and certification.

Argor-Heraeus GoldSeed 10×1 gram Gold Bar

Argor-Hereaeus GoldSeed 10×1 gram gold bars

The GoldSeed 10x1gram is unique divisible gold bar from Argor-Heraeus that is presented in a circularly arranged assay which represents an innovative approach to combining traditional investment with modern concerns for being prepared for a variety of situations.

Divisible gold bars allow for a flexible approach to investment. The individual bars are ideal for gifting or trading, providing a practical and elegant option for transferring wealth or paying with gold in small increments. In emergency situations or times of economic instability, divisible bars can be used as a form of currency or barter, providing smaller, more practical units for everyday transactions. Owners can sell or trade small portions of their gold holdings without liquidating the entire bar. 

The GoldSeed bar provides immediate access to ten individual 1 gram gold bars that is minted with .9999 fine gold. Divisible gold bars are a popular way to buy a pragmatic option that offers investors flexibility and easy liquidity.

Valcambi Gold Combibars

The Valcambi Combibar is an innovative gold investment product that combines the security and stability of gold bullion with unmatched flexibility and practicality. Its unique design and features make it a valuable tool for financial preparedness, suitable for a wide range of scenarios from economic uncertainty to long-term wealth preservation.

Combibar 1 oz Gold Bar, pre-scored to be easily divisible into individual 1/10 oz gold bars

Whether used for investment diversification, emergency preparedness, or as a portable store of wealth, the Combibar line offers significant advantages to modern investors looking for divisible gold bar options.

The Combibars are available in an array of weights, sizes and denominations that range from as small as 5 grams to as large as 100 grams.

Available Weight Denominations

The Valcambi Combibar is also available in a variety of other precious metals, including silver, platinum and palladium for those interested in creating greater diversity in their portfolio.

Gold Price Climbs Amidst Record Central Bank Buying and Tensions in the Middle East

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The spot price of gold rocketed past $2,400 per ounce in Asia this morning, topping out at $2,429.70 before the tamp down by the Wall Street after the New York opening bell. By afternoon, the price had settled down to around $2,342, $87 lower.

While consumers in China have been buying up small gold beans, the People’s Bank of China (PBOC), the country’s central bank, has been buying vast quantities of gold over the last couple of years while simultaneously dumping US Treasury Bonds and dollars.

Even though gold prices continue to trend upwards, consumers demand for gold in the United States keeps getting stronger.

An analyst from Wells Fargo estimates that Costco is likely selling between $100 to $200 million worth of gold each month. Based on the typical premiums that Costco prices their gold products, that’s somewhere in the range of 43,500 to 86,000 troy ounces per month.

By comparison, APMEX, one of the largest online bullion dealers has annual sales of around $2.4 billion, which is also around $200 million per month. A-Mark, one of the largest precious metals wholesalers, which owns JM Bullion, Provident Metals, BGASC and others, reported $9.3 billion in sales in its 2023 annual report.

Some industry analysts have speculated that China has taken over control of the gold price since the middle of 2022. In 2023, the PBOC bought roughly 735 tonnes of gold, a 23% increase over the record breaking buying of 597 tonnes in 2022.

Additionally, the Chinese government has created strong consumer demand for gold, particularly for younger generations that view gold as safe haven amid ongoing economic uncertainty.

Costco has limited their precious metals products to mostly 1 troy ounce coins and bars. With prices continuing to test record highs almost weekly, a more affordable investment option that many investors turn to is fractional gold bars and coins.

The US Mint issues the American Eagle Gold coin in three fractional denominations of 1/2 oz, 1/4 oz and 1/10 oz. Each of these fractional Gold Eagles shares the same design, purity, recognition and trust as the 1 oz coin, but are minted in smaller denominations that are more accessible to a wider range of investors.

These coins are minted in mass quantities by the Mint and are extremely liquid with an expansive amount of bullion dealers and others paying cash for gold.

Fractional gold bars are available in many different increments. With available sizes as small as 1/2 gram. However, the premiums for the smallest sizes can be relatively high. While denominations containing 5 grams or 10 grams of gold per bar can offer significantly lower premiums.

Flipping Costco Gold Coins for Profit

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In some areas, it has become profitable to flip the 1 oz Gold Coins for a tidy profit. Depending on inventory levels, many local coin shops will pay a premium above the melt value for current year gold coins that are kept in their original Mint State condition.

Some investors are buying gold coins from Costco below melt value when factoring in the rewards. The premium on Costco’s gold coins appears to average around 2.5%. Once receiving them, they bring them to their local coin stores to sell back. If your local coin store will pay 3% above melt, then without factoring in other rewards, its possible to make a quick .5% profit.

Costco Executive members earn 2% cash back, up to $1,000 annually. This is essentially an annual rebate that must be spent on other products in the warehouse. When factoring in other credit card rewards, the potential profit from these transactions can increase by a few percentage points quickly.

The Costco Citibank card, for example, offers 2% rewards for all purchases at Costco and it is possible for those rewards to be deposited as cash into your bank account. Though you may have a better deal with the cards in your wallet.

The practice of flipping gold coins for profit as a side hustle has been around for a long time. Some investors hold onto coins for the arbitrage when the price of gold increases. Other investors look for opportunities to flip coins for a profit.

The profitability can vary depending on which part of the country you’re in and the number of gold investors in your local coin shop’s customer list.

Many investors find great deals on eBay, particularly for historic and vintage gold coins. This includes US Mint Pre-1933 gold coins and circulated gold coins from Europe, such as 20 francs and British Sovereigns. There are many trusted and reputable bullion dealers that use eBay as a sales platform to liquidate excess inventory, such as APMEX, Liberty Coins, Aydin Coins and Pinehurst Coins.

Having a good relationship with the folks at your local coin store is important. They have the best understanding of which coins collectors and investors in the local area have the most interest in, as well as a customer list of willing buyers.

They can also give you an idea of the prices they would be willing to pay, particularly for coins that are graded and encapsulated by reputable third-party grading services like NGC, PCGS and ANACS.

Graded Gold Coins are generally the most liquid and easiest to sell, as they provide verification of the authenticity as well as the condition.

Costco Selling $100 to $200 million of gold per month, Wells Fargo

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In a letter to investors, an analyst from Wells Fargo estimates that Costco may be selling up to $200 million in gold each month.

Based on recent spot price averages, that would mean the brick & mortar retailer may be shipping up to 85,000 troy ounces of gold each month, the equivalent to around 2,400 kilos of gold.

Earlier in the year, Costco stated that gold sales contributed around $100 million in revenue in the final quarter of last year when they first began the offerings.

Since then, Costco has been making regular offerings of gold coins from both the US Mint and Royal Canadian Mint, such as the 1 oz Gold Buffalo and 1 oz Gold Maple Leaf coins.

The offerings have also included various denominations of gold bars from PAMP Suisse and RAND Refinery. In addition to the 1 oz Lady Fortuna gold bars, there have been sales of the PAMP Multigram+25 gold bars as well as larger sizes such as 50 gram and 100 gram gold bars.

The premiums that Costco charges seem to be roughly 2-3% over spot, which is a great deal for current year coins. From online bullion dealers, the premiums for current year gold coins are typically around 4.5% at the low end, while secondary market coins will usually be in the 2-3% range.

Costco offers their Executive members a 2% reward, which allows these members to buy gold coins below spot price. When shopping online for these deals, the best practice is to use a credit card that offers additional rewards in the form of cash back. The industry average credit card rewards adds an additional 2%, which some offer more.

The spot gold prices have been hitting record all time highs in recent weeks, overall gold is up around 13% YTD. Industry analysts suggest that the mass buying by the central banks of BRICS countries, along with persistently high inflation in the US, and record high government debt are major contributing causes to the surge.

Zimbabwe Launches Gold Backed Currency to Replace Dollar

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Despite being one of the most mineral rich nations in Central Africa, the economy of Zimbabwe has been a mess for decades.

To help battle the latest round of inflation, the Central Bankers and politicians are turning to the oldest form of money known to civilization. This week, Zimbabwe launched a new “structured currency” backed in part by gold.

The new currency is called the “Zim Gold”, or more simply “ZiG”, and will be backed by a basket of assets that includes foreign currencies, gold and other minerals.

John Mushayavanhu, the governor of Zimbabwe’s Reserve Bank said the ZiG would circulate alongside a basket of other currencies would also introduce a market-based exchange rate.

“With effect from today … banks shall convert the current Zimbabwe dollar balances into the new currency,” he said.

The moved is aimed at establishing confidence in the country’s central banking system which has been in an extended period of hyperinflation since 2007.

The new banknotes come in eight denominations ranging from one to 200 ZiG. The new notes feature a drawing of gold ingots being minted, as well as Zimbabwe’s famous Balancing Rocks, which already appeared on the old ones.

Zimbabweans have 21 days to convert their old cash into new money, Mushayavanhu said.

The ZiG appears to be culminating from developments within the BRICS related countries, which have been reportedly leaning towards a commodity basket common currency for trade between countries. The development of the ZiG mirrors what has been happening in other countries.

Brazil adopted the Chinese Yuan in 2023 for use in international trade and provided a proposal requesting that Argentina accept the backing of a trade deal with Yuan.

Although the dollar remains the dominant currency in both countries, the Yuan has become the second largest currency in Brazil, overtaking the Euro.

Gold Price Cracks $2,300 oz and Holds Steady

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The price of gold rallied past $2,300 per ounce on Thursday, shocking retail investors and marking a new all time high for the shiny metal. During mid day trading today, the price was holding steady above $2,320.

It’s no secret that in recent years central banks have been buying gold. Last year, China’s central bank ran through several rounds of gold buying, acquiring 225 metric tons, representing roughly 25% of the overall central bank purchases of 1037 tons acquired by governments’ last year.

Reports are surfacing that China could be sitting on an unpublished stash exceeding 5,300 tons of gold bars, doubling the 2,235.39 tons in the holdings reported through Internation Monetary Fund statistics.

Despite recent reports of positive economic data, inflation remains rampant with interest rates stuck at the highest levels in decades. The inflation problem continues to baffle the Federal Reserve, with recent remarks from Chairman Powell suggest that they may be reconsidering a rate cut in the near future.

With gold investing seeing a resurgence in popularity among Gen Z in China, the Wall Street Journal is reporting that Millennial investors are the leading buyers of Costco gold bars. According to the study, a growing number of Millennials recognize gold as a store of value and hedge against economic uncertainty, with the average having up to 17% of their net worth in gold. While Baby Boomers allocate only around 10%.

Gold has historically been seen as an effective hedge against inflation. The ongoing dedollarization efforts driven by BRICS have played a roll in driving the price higher. When currency values decline, gold prices rise helping to preserve purchasing power.

For retail investors, Gold Coins are one of the most highly liquid tangible asset. Coins are widely recognized and can be easily bought and sold from online bullion dealers, local coin shops and others.

Gold coins are minted in a variety of industry standard weight denominations that enable investors with varying budgets to participate in the gold market.

Tangible Assets: Vintage Gold Coins

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As tangible assets, vintage gold coins can diversify an investment portfolio, reducing risk by spreading exposure across different asset types. Many investment advisors recommend precious metals as a safe haven since prices remain relatively stable to the dollar to offset the volatility that can come in the stock market. Tangible assets are an alternative investments that can diversify an existing investment portfolio and provide protection against inflation.

Gold coins can bring unique diversity to an existing investment portfolio, while expanding on an interest in numismatics or history. Beyond potential financial gains, the process of collecting, studying, and preserving historical coins can morph into a numismatic hobby.

Prior to the Great Depression, gold coins were the normal and natural form of money and in common circulation throughout the world. While the government recalled millions and melted them down, millions more were saved from the smelters due to limited personal ownership exemptions in the law, along with exemptions for coins having numismatic value.

During the era of the gold standard, gold coins were the preferred and accepted method of trade and commerce. In recent years, many well preserved Pre-1933 US Mint gold coins have been discovered in historic “hoards” from European vaults, such as the well known Rive d’Or Collection, discovered in a bank in Paris and released in 2008.

Coins having historical significance often appreciate in value, especially those in good condition, with rare mint marks, from limited mintages, those connected with special collections and other particulars. Owning some of these tangible assets can bring personal satisfaction and a sense of connection to the past, in addition to the intrinsic value of the gold.

There are known counterfeits that circulate in the market from time to time, most often from shady sellers. These are easily discovered due to the widespread industry use XRF along with the more affordable devices like the Precious Metals Verifier from Sigma. These devices have become an indispensable tool for local coin shops, pawn shops, “we buy gold” stores, jewelry stores.

As a way to reduce risk, many investors choose third-party graded gold coins from companies such as NGC and PCGS. Coins that have been graded and encapsulated by these types of services have been verified as authentic. Based on an expert analysis, a grade and unique serial number are assigned to each coin during the review process, which can later be used to verify authenticity.

In addition to the Sigma, there are a variety of other devices that assist hobbyists, numismatists and investors to verify authentic products and reduce risk.

US Mint Pre-1933 Gold Coins

American gold coins from the early 20th century and later 19th century are a favorite for many collectors, due to the connection to our history. While these coins have been held by collectors and investors for nearly 100 years, they are among the mot widely recognized throughout the world.

1927 St Gaudens Double Eagle Gold Coin

Pre-1933 gold coins from the US Mint were minted to standards defined by the Coinage Act of 1792. The Act defined and described three distinct denominations.

  • $10 Eagles – Defined with 247 4/8 grains of pure gold or 270 grains of standard gold. The accepted
    standard for coin gold during the era was 90% purity, or .900 fineness. This accounted for a significant amount of gold, while being alloyed with a small amount of more durable metals like copper for added strength for circulations. Each $10 gold eagle coin is minted with 0.4838 troy ounces of gold.
  • $5 Half Eagles – Defined with 123 6/8 grains of pure gold or 135 grains of standard gold. Each $5 gold eagle coin is minted with 0.2419 troy ounces of gold.
  • $2.50 Quarter Eagles – Defined with 61 7/8 grains of pure gold or 67 4/8 grains of standard gold. Each $2.50 Quarter Eagle gold coin is minted with 0.121 troy ounces of gold.

The California Gold Rush created a huge increase in the inflow of gold flowing into the U.S. Treasury, creating the need for a new denominations to handle the influx. The Coinage Act of 1849 authorized the production of the $20 Double Eagle, which was the largest denomination for a regular issue U.S. gold coin at the time. The Act also established the specifications for the $1 gold coin.

The Liberty Head double eagle or Coronet double eagle was introduced as a pattern coin by the US Mint in 1849 and entered production in 1850. Each $20 Double Eagle Gold Coin is minted with 0.9675 troy ounce of gold. The Double Eagle had an overall weight of 33.436 grams and was made from 90% gold and 10% copper alloy, maintaining the standard for U.S. gold coins.

Throughout its mintage history from 1850 until 1933, more $20 Double Eagle Gold Coins were issued than all of the other denomination. Today, these coins are highly sought after by both investors and collectors, particularly those that are third-party graded and in mint state condition.

Mexican Gold Pesos

The 50 Pesos Gold Coin, or Centenario was first minted in 1921 to commemorate the 100th anniversary of Mexico’s independence from Spain. It is not only a form of currency but also a significant symbol of Mexican pride and heritage.

The coin features the iconic image of the “Winged Victory” (El Ángel de la Independencia) on the obverse, holding a laurel wreath and a broken chain, symbolizing freedom and victory.

The reverse displays the national coat of arms of Mexico, with an eagle holding a serpent in its beak and talon, perched on a prickly pear cactus.

The Centenario contains 37.5 grams (1.2057 troy ounces) of pure gold.

The gold peso coins are available in various denominations, including 50, 20, 10, 5, 2.5, and 2 pesos, each containing a proportionate weight of gold. These coins are both legal tender and investment pieces.

Mexican gold peso coins are valued for their gold content as well as their numismatic value. Collectors and investors seek them out for their historical significance and beautiful design in addition to the gold content.

British Gold Sovereigns

The British sovereign gold coin has a storied history, dating back to its first introduction in 1489 during the reign of King Henry VII.

The modern version of the sovereign, as we know it today, was first minted in 1817 under King George III as part of a major coinage reform following the end of the Napoleonic Wars, with the aim to standardize Britain’s currency and improve the quality of the nation’s circulating gold coinage.

Today, the British sovereign gold coin is primarily a bullion coin for investors and collectors, valued for its historical significance, artistic design, and gold content. While it is no longer used as circulating currency, the sovereign remains a symbol of Britain’s rich numismatic heritage and is considered one of the most prestigious gold coins in the world.

With dozens of unique variations, mint marks and other details, sovereign gold coins have a well established numismatic history, a variety of interesting design variations and are widely recognized throughout the world. The British sovereign gold coin has a rich history as a medium of international trade, a store of wealth, and a symbol of stability and reliability.

Its extensive minting history and role in the gold standard era have cemented its status as a key piece in the world of numismatics and precious metal investment. As an investment, sovereigns are a naturally fractional gold coin are a popular choice among gold buyers that are looking for one of the lowest premium investment coins in the market.

20 Francs Gold Coins

The 20 francs gold coin, often known as the “Napoleon,” is one of Europe’s most famous and widely circulated gold coins with a history that extends back to the early 19th century. The coin was part of a monetary reform that began during the reign of Napoleon Bonaparte that aimed to stabilize the French currency after the turmoil of the French Revolution.

The 20 francs gold coin was designed to be a stable and reliable unit of currency that could facilitate trade and store value. Each coin contains approximately 0.1867 troy ounces (or 5.8 grams) of gold, providing a tangible and valuable asset that has historically been a reliable store of wealth. Its circulation was not limited to France; eventually becoming the standard coin across Latin Europe, playing a crucial role in international trade.

After the creation of the Latin Monetary Union in 1865, the specifications for the 20 francs gold coin became a standard that member countries adopted, leading to the production of similar coins in Belgium, Switzerland, Italy, and other nations, which made it a trustworthy and convenient medium of exchange and investment.

It is difficult to measure the number of gold coins that were minted by LMU member countries due to the extensive period of production and the number of countries that adopted the standard. However, it is clear that millions of these coins were produced over the decades to meet the needs of trade, investment, and currency stability in Europe.

Today, the 20 francs gold coin is primarily sought after as a bullion coin and a collector’s item. It is also popular among numismatists for its historical significance, artistry, and gold content. While no longer in active circulation as currency, the 20 francs gold coin remains a popular choice for those interested in gold investment and European monetary history.

As the value of paper fiat currencies continues to drop, gold coins can help protect wealth against inflation. The relatively small size of the 20 Francs gold coin makes it easy to store, transport, and trade. They are generally highly liquid assets, meaning they can be easily converted into cash when needed.

Austrian Ducat and Corona Gold Coins

The Gold Ducat originated in the Republic of Venice in the 13th century, while the Gold 100 Corona was first minted in Austria-Hungary in the 19th century. The Austria Corona was primarily used as a trade and circulation coin. It was intended to facilitate large transactions and store value in a stable and internationally recognized form. The coin played a significant role in the economic system of Austria-Hungary, serving both domestic and international trade needs.

1914 Austria 4 Ducat Gold Coin

Various denominations of Corona Gold Coins were issued throughout the long period of production until the dissolution of Austria-Hungary in 1918 following the outbreak of World War I. It is known that these coins were produced in large quantities to support the economic and financial needs of the empire.

The Ducat is another famous gold coin from Austria, which originated in the Republic of Venice in the 13th century. Ducats were widely used across Europe as trade coins beginning from the medieval period onward. The Austrian Ducat, particularly the 4 Ducat gold coin, was known for its high purity (.986 fine gold) and was minted for trade and investment purposes.