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Zimbabwe to Issue Gold Coins in New Weight and Currency Denominations

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Earlier this year the government of Zimbabwe released a one troy ounce gold coin as a tool for the Central Bank to help keep inflation under control.

For many years the Zimbabwe economy has not only been the butt of many jokes, it has served as a very public example of how rampant and out of control inflation can destroy an economy and a fiat currency.

The earlier trial release in the issuance of gold coins to help with their fiat problems has been deemed such a success that they have announced the upcoming release of additional denominations.

The new Zimbabwe fractional gold coins will be minted on demand and will include tenth ounce, quarter ounce and half an ounce denominations. The coins will be available for buy beginning in November.

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JP Morgan Chase Precious Metals Traders in Decade Long Price Manipulation Scheme

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A multi-year investigation by the Justice Department has resulted in the convictions of two key leaders from the Precious Metals Trading Desk at JP Morgan Chase.

The two defendants, Michael Nowak and Gregg Smith were convicted by jury of wire fraud, attempted price manipulation, commodities fraud, and price spoofing involving a scheme that spanned for more than ten years and involved.

The crimes occurred during a span from at least 2008 until at least 2016. The convicted precious metals traders face more than 20 years in prison.

Several other traders involved in the scheme had previously plead guilty.

The guilty pleas and these most recent convictions provide proof to the long held belief that major Wall Street banks have been systematically manipulating the futures prices for profit.

JP Morgan Chase is also a major trustee and depository for major exchanges such as COMEX and others.

Evidence was presented during that trial that Smith placed an average of 20 spoofed orders a day over a 3 year period which accounted for 38,000 trades.

While some of the trades occurred prior to changes in the law in 2010, the Executives, Directors, Managers and Traders from the precious metals desk at JP Morgan Chase were directed employees to engage in illegal trading and price manipulation.

It’s difficult to determine the full extent of the scale of fraud based on the evidence that is publicly available, but it is reasonable to speculate that the overall value of the price manipulation fraud cost investors billions of dollars.

Details provided by the DOJ show that the convicted JP Morgan employees were well compensated for their crimes.

  • Defendant Smith earned $9,890,044 in total (salary plus bonus) compensation;
  • Defendant Nowak earned $23,700,074;
  • Defendant Ruffo earned $10,425,064;
  • Defendant Jordan earned $1,125,016 (2008–2009 only);
  • Donald Turnbull earned $12,727,350;
  • Stuart Piller earned $13,289,936;
  • Michel Simonian earned $4,515,111 (2008–2014 only);
  • John Edmonds earned $1,996,064 in total; and
  • Christian Trunz earned $2,720,049.

The systemic and widespread fraud at the JP Morgan Trading Desk is just one example of the corruption that continues to plague the finance industry which has likely been contributor to the creation of the most recent recession, bear market and related financial uncertainty in global financial markets.

The convictions and guilty please so far have shown that skirting the law has been part of the day-to-day business operations embedded within the workflow of the organization without any checks and balances.

According to public records, news articles and other information, JP Morgan Chase, under the leadership of Dimon has a long history of paying criminal penalties that have resulted from large scale crimes and financial fraud.

While Dimon himself has not been caught up directly in any of the recent criminal investigations, his compensation is tied directly to the performance of the company and he personally profited millions of dollars in bonuses during those years.

Investigations involving major Wall Street and Global Banks precious metals traders have resulted in criminal admissions and financial penalties for engaging in similar schemes.

The price manipulation schemes occurred in the paper trading markets which drives the physical prices of precious metals.

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2022 Chinese Panda Coin Now Available in Silver & Gold

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2022 Chinese Panda 30 gram gold coin

A new design of The Chinese Panda coin is released annually. The Panda Bullion Coin represents China in the global bullion market.

The Chinese Panda coin has been minted by The People’s Bank of China, since 1982. The design of the reverse changes annually as is adorned by depictions of the Panda Bear, a national symbol of the People’s Republic of China.

Chinese Panda coins are minted in Silver and Gold from bullion mined in China.

2022 Chinese Panda Series Design

The reverse design of the coin highlights two panda cubs playing gleefully in the snow. They appear to be having fun, sliding down a hillside in the snow with arms and legs outstretched.

The reverse also displays the denomination in yuan, China’s primary currency, the weight of 30 grams.

The obverse design of the 2022 Silver Panda coin has remained unchanged since the coins debut.

The obverse contains a depiction of the Temple of Heaven, located in Beijing, China.

Minting of the China Panda Coin Series

The People’s Bank of China is the central bank for the People’ Republic of China and is responsible for managing monetary policy and regulation of financial institutions throughout China.

Since 2016, the People’s Bank of China changed the weight of the China Gold Panda and Silver Panda coins to metric weights.

In 2015 and prior, the coins were minted in 1 oz and fractional ounce coins.

Beginning in 2016, the China Silver Panda and China Gold Panda coins have been minted as 30 gram coins, which is slightly less than 1 troy ounce.

Switching their silver and gold bullion coins to metric weights has not yet had much influence on other government mints.

The majority of government and private mints continue to use the traditional Roman Monetary System or British Imperial troy ounce denominations for which has been in use by the Bretton Woods system most Western Nations.

2022 Chinese Panda Coins Collection

The 2022 China Panda Coin collection consists of 14 coins that feature the same design.

  • 2022 Chinese Panda 30 gram gold coin2022 Chinese Panda 30 gram Gold Coin – The 30 gram circular gold coin, is minted from .999 pure gold and with a bullion finish. The coin has diameter of 32mm and face value of 500 yuan (500 元). The maximum mintage is 1,000,000 coins.
  • 2022 Chinese Panda 15 gram gold coin2022 Chinese Panda 15 gram Gold Coin – The 15 gram circular gold coin, is minted from .999 pure gold and with a bullion finish. The coin has diameter of 27mm and face value of 200 yuan (200 元). The maximum mintage is 250,000 pieces.
  • 2022 Chinese Panda 8 gram gold coin2022 Chinese Panda 8 gram Gold Coin – The 8 gram round gold coin, is minted from .999 pure gold and with a bullion finish. The coin has diameter of 22mm and face value of 100 yuan (100 元). The maximum mintage is 250,000 pieces.
  1. 2022 Chinese Panda 3 gram gold coin2022 Chinese Panda 3 gram Gold Coin – The 3 gram round gold coin, is minted from .999 pure gold and with a bullion finish. The coin has diameter of 18mm and face value of 50 yuan (50 元). The maximum mintage is 500,000 pieces.
  1. 2022 Chinese Panda 1 gram gold coin2022 Chinese Panda 1 gram Gold Coin – The 1 gram round gold coin, is minted from .999 pure gold and with a bullion finish. The coin has diameter of 10mm and face value of 10 yuan (10 元). The maximum mintage is 500,000 pieces.
  1. 2022 Chinese Silver Panda 30 gram coin2022 Chinese Panda 30 gram Silver Coin – The 30 gram round silver coin, is minted from .999 pure silver and with a bullion finish. The coin has diameter of 40mm and face value of 10 yuan (10 元). The maximum mintage is 10,000,000 pieces.
  1. 2022 Chinese Panda 30 gram Platinum Coin – The 30 gram round platinum coin, is minted from .999 pure platinum and with a bullion finish. The coin has diameter of 32mm and face value of 1000 yuan (1000 元). The maximum mintage is 10,000 pieces.
  1. 2022 Chinese Panda 1 gram Platinum Coin – The 1 gram round platinum coin, is minted from .999 pure platinum and with a bullion finish. The coin has diameter of 10mm and face value of 30 yuan (30 元). The maximum mintage is 100,000 pieces.
  1. 2022 Chinese Panda 1 kilogram Gold Coin – The 1 kilogram round gold coin, is minted from .999 pure gold and has a proof quality finish. The coin has diameter of 90mm and face value of 10,000 yuan (10,000 元). The maximum mintage is 1,000 pieces.
  1. 2022 Chinese Panda 150 gram Gold Coin – The 150 gram round gold coin, is minted from .999 pure gold and with a proof quality finish. The coin has diameter of 60mm and face value of 2,000 yuan (2,000 元). The maximum mintage is 10,000 pieces.
  1. 2022 Chinese Panda 100 gram Gold Coin – The 100 gram round gold coin, is minted from .999 pure gold and with a proof quality finish. The coin has diameter of 55mm and face value of 1,500 yuan (1,500 元). The maximum mintage is 20,000 pieces.
  1. 2022 Chinese Panda 50 gram Gold Coin – The 50 gram round gold coin, is minted from .999 pure gold and with a proof quality finish. The coin has diameter of 40mm and face value of 800 yuan (800 元). The maximum mintage is 30,000 pieces.
  1. 2022 Chinese Panda 1 kilogram Silver Coin – The 1 kilogram round silver coin, is minted from .999 pure silver and with a proof quality finish. The coin has diameter of 100mm and face value of 300 yuan (300 元). The maximum mintage is 20,000 pieces.
  1. 2022 Chinese Panda 150 gram gram Silver Coin – The 150 gram round silver coin, is minted from .999 pure silver and with a proof quality finish. The coin has diameter of 70mm and face value of 50 yuan (50 元). The maximum mintage is 60,000 pieces.

2022 Chinese Silver Panda Coins

The 2022 Chinese Panda Silver Coin has a new design for the 40th Anniversary of the Chinese Panda Coin Series.

The reverse design of the coin highlights two panda cubs playing gleefully in the snow. They appear to be having fun, sliding down a hillside in the snow with arms and legs outstretched.

The reverse also displays the denomination in yuan, China’s primary currency, the weight of 30 grams. A special 40th anniversary privy mark is also incorporated into the reverse design.

The obverse design of the 2022 Silver Panda coin has remained unchanged since the coins debut.

The obverse contains a depiction of the Temple of Heaven, located in Beijing, China.

At the center of the obverse is The Hall of Prayer for Abundant Harvests, which is located in Beijing’s Temple of Heaven.

The tiered circular building is an example of traditional Chinese architecture. 

Legend has it that all of the Emperors from China’s Ming & Qing dynasties would visit the temple annually and pray to the gods for an abundant harvest.

At the top of the obverse is the name of the issuing country in native Chinese characters (中华人民共和国), while at the bottom is the date, “2022”.

The 2022 Chinese Gold Panda Coins are available from online bullion dealers in 1 bullion finish denomination:

2022 Chinese Gold Panda Coins

The 2022 Chinese Panda Gold Coin has the same new design for the 40th Anniversary of the Chinese Panda Coin Series.

The reverse design of the gold coins highlights two panda cubs playing gleefully in the snow. They appear to be having fun, sliding down a hillside in the snow with arms and legs outstretched.

The reverse also displays the denomination in yuan, China’s primary currency, the weight of 30 grams and the 40th Anniversary Privy mark.

The obverse design of the 2022 30 gram Gold Panda coin has remained unchanged since the coins debut.

The obverse contains a depiction of the Temple of Heaven, located in Beijing, China.

At the center of the obverse is The Hall of Prayer for Abundant Harvests, which is located in Beijing’s Temple of Heaven.

At the top of the obverse is the name of the issuing country in native Chinese characters (中华人民共和国), while at the bottom is the date, “2022”.

The 2022 Chinese Gold Panda Coins are available from online bullion dealers in 5 bullion finish denominations:

People’s Bank of China

The 2022 Chinese Panda gold and silver coins are minted by the People’s Bank of China (中国人民银行). The gold and silver Panda coins are distributed by China Gold Coin Incorporation (CGCI).

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eBay Bucks up to 13% Bonus 6/11 – 6/13 | eBay Bucks Silver & Gold Deals

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fractional gold coins | 20 Franc Gold Rooster

When you click on links to various merchants on this site and make a purchase, this can result in this site earning a small commission. More information about our affiliate programs can be found here.

eBay announced a new Bucks promotion that began today. With this promotion you can earn up to 13% eBay Bucks rewards on qualified purchases made through the Mobile App. For purchases made through the website you can earn up to 8% eBay Bucks rewards. Using either method there is a minimum $25 purchase.

In most cases, buyers cannot earn eBay Bucks on bullion purchases. However, in some cases it’s possible to earn eBay Bucks when you buy silver & gold bullion on eBay.

Vintage Gold Coins

Some bullion items, such as vintage gold coins like 20 Francs, British Sovereigns and Pre-1933 US Gold Coins, are also classified as collectible coins. As a collectible coin they are eligible for earning eBay Bucks and in many cases bonus rewards as well.

Many precious metals investors flock to vintage gold coins for their bullion value. Millions of vintage gold coins were minted during the 19th and early 20th centuries throughout Europe and the United States. While it’s true that some gold coins are prized for their numismatic value and carry a significant premium. Many of them you can buy just for their bullion price very close to or under their melt value.

View listings of eBay Bucks eligible gold bullion on FindBullionPrices.com.

Pre-1965 Junk Silver

Also, circulated US coinage minted in 1964 or earlier, most often referred to as “Junk” Silver, is also often categories as collectible coins. Sellers often list junk silver in several different Coin or Collectible categories making them eligible to earn eBay Bucks.

Each $1 Face Value of pre-1965 quarters and dimes contains roughly .715 troy ounces of silver. Investors and silver stackers stock up on junk silver when they can find it on sale near silver spot price.

With eBay Bucks there are deals where you can buy rolls of $10 Face Value quarters and dimes that net below silver spot price.

View listings of eBay Bucks eligible junk silver on FindBullionPrices.com.

Silver Bullion

Most of the trusted and reputable online bullion dealers also have eBay Stores where they sell bullion. The prices that sellers list items for sale on on eBay are often comparable to the Credit Card/PayPal price on their own website.

As a bonus to customers, some dealers will list bullion items for sale in alternative categories. Being listed in alternate categories besides Bullion allows them to be eligible for eBay Bucks and Bonus Rewards.

View listings of eBay Bucks eligible silver bullion on FindBullionPrices.com.

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How can you buy gold at spot price?

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Investors and collectors are always looking for a great price on gold coins and bars. It’s understandable that everyone wants to pay the lowest price possible when buying precious metals. The lower price you pay the higher potential return on your investment that you can get. It’s difficult to buy gold at spot price but not impossible.

What is gold spot price?

The gold spot price is the current commodities market price at which gold is bought or sold for immediate payment and delivery. It is what you would pay “on-the-spot” as opposed to some date in the future. In theory, you could pay spot price, or below spot price if you were to buy raw gold before it was minted into a bar or coin.

The gold spot price refers to the price of one troy ounce. It is often quoted in U.S. dollars. The troy ounce is a standard unit of measurement use for precious metals. One troy ounce is defined as exactly 31.1034768 grams (1.097142857143 oz.), but gold prices are often listed as $/oz.

Gold spot prices can be driven by a host of factors such as market speculation, demand for gold, fluctuations in gold futures (paper contracts), currency values, current events (political stability), gold supply (mining), and gold demand (manufacturing and investor).

Gold spot prices are updated every minute as long as one of the markets around the world is open and trading. The most influential global markets are in New York, Chicago, London, Zurich, China, and Hong Kong.

Gold spot price does not take into account any other costs that may be essential to the design, manufacture, transportation, purchase or sale of a precious metal. Those additional costs may including things like packaging, shipping, handling, or insurance. They also don’t factor in the rarity of certain gold products, coins or potential numismatic value.

Expecting to buy a gold coin or bar at the spot price of gold is like expecting to buy a car for the price of the materials. Other factors impact the price of the finished product such as the design and labor, the cost of transporting raw materials and finished products, location, taxes, profit margin, etc.

How are spot prices used?

Companies use gold spot prices to help guide product pricing. However, gold coins, bars, and bullion can sell for varying amounts over spot price due to numerous factors previously mentioned. Additionally, gold coins have other factors that effect the price such as mintage, product types, and rarity on top of the spot price of gold.

Bullion dealers use gold spot price as the basis for pricing many of their products. Dealers price Gold coins, bars and rounds with a premium over gold spot price.

Where can you buy gold at spot price?

While rare, the opportunity to buy gold at spot price does exists. Several online bullion dealers offer 1 oz gold bar for sale at spot price as a special offer for new customers. This is intended as a loss leader for the bullion dealers to acquire new customers.

There are other ways to buy gold at close to spot price, including some that allow you to buy gold below spot price after factoring in various discounts, cash back and rebates.

Choose the type of gold products that will meet your goals

With such a variety of gold bullion products available it can be difficult to decide which products will help you reach your investment or store of wealth goals.

Today’s market is flooded with gold bullion coins from sovereign government mints from around the world and private mints. The market also has a flood of vintage gold bullion coins that were in circulation at a time when economies were based on the gold standard.

Two very important factors to consider include how long you intend to hold on to your gold bullion investment and your intended buyer when you decide to sell down the road.

If transferring cash holdings into another form of legal tender, buying Pre-1933 US Gold Coins, Canadian Gold Maple Leaf coins or American Gold Eagle Coins may be the most practical for you. There are plenty of other vintage gold bullion coin options available that don’t have a current legal tender status, that are just as highly recognized world-wide. These vintage gold bullion coins are easy to sell, such as Gold Franc Coins of the Latin Monetary Union (LMU), Gold Sovereigns from Great Britain, and Gold Peso coins from Mexico.

Keep track of the Gold Spot Price

The gold spot price changes everyday based on the market factors mentioned above. It’s important to keep an eye on rising or falling gold spot prices to identify opportunities to buy and sell to capture profits if that is one of your goals.

Compare Gold Bullion Prices

Once you’ve identified your investment goals and the types of gold bullion products that are important to you, then it’s time to comparison shop across the large number of online bullion dealers.

There are a number of trusted and reputable online bullion dealers. Each dealer prices gold bullion products based on their individual business models. Accordingly, the premiums each dealer charges for the same product can vary dramatically.

Almost every online bullion dealer will carry a core set of common products such as American Gold Eagles, Canadian Gold Maple Leafs, South African Gold Krugerrands, and other sovereign government bullion. You can use FindBullionPrices.com to find the best prices on the gold bullion items you want to buy.

 

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Canadian Gold Maple Leaf Coins

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Canadian Gold Maple Leaf coins debuted in 1979 with .999 pure gold content. Several years later they were enhanced beginning in November 1982 to include .9999 pure gold.

At times, the Royal Canadian Mint has even achieved .99999 pure gold content in its Canadian Gold Maple Leaf coins. Each Canadian Gold Maple Leaf coin is available in 1 oz, ½ oz, ¼ oz, 1/10 oz, 1/20 oz, and now 1 Gram. The coins have face values according to their fractional weight, based upon the $50 (CAD) value of the 1 oz. coin.

Gold Maple Leaf bullion coins are a popular way to invest in Gold. Many investors consider the Canadian Maple Leaf to be one of the world’s most beautiful and one of the most recognizable Gold coins. The obverse of the Gold Maple Leaf features a silhouette portrait of Queen Elizabeth II. The reverse of these Canadian Gold coins depicts the iconic Canadian maple leaf, a national symbol of Canada. Each Maple Leaf Gold coin is legal Canadian tender guaranteed by the government of Canada for its weight and purity.

How much is a Canadian 1 oz Gold Maple Leaf Coin Worth?

The Canadian 1 oz Gold Maple Leaf coin is produced by the Royal Canadian Mint annually. The coin carries a face value of $50 CAD. The mintage numbers for the regular edition of the coin are typically over one million.

The Mint has produced a number of special edition Gold Maple Leaf Coins that have limited mintages which have gained interest of collectors and have appreciated in value based on their collectability and rarity.

A typical Canadian Gold Maple Leaf 1 oz Coin maintains it’s value relative to the gold spot price. You can typical buy Random Year Canadian Gold Maple Leaf 1 oz Coins from online bullion dealers for around 2% over the gold spot price.

When you’re ready to sell many dealers will buy Gold Maple Leaf coins from you for around gold spot price. Typically, a 1 oz Gold Maple Leaf Coin is worth gold spot price.

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American Gold Eagle Coins

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2023 American Gold Eagle Reverse design

When the private ownership of gold was outlawed in 1933, the Gold Reserve Act was passed in 1934 to transfer the seized gold to the US Treasury. The law also prohibited the Treasury and financial institutions from redeeming gold for dollars and halted the new production of gold coins.

The American Gold Eagle Coin is an official gold bullion series that is issued annually by the United States Mint. It was first released in 1986 as authorized under the Gold Bullion Coin Act of 1985.

The Act reconstituted gold and silver coins as legal tender and ordered the US Mint to create the coins from only newly mined domestic sourced metal.

The coins are minted from a 22k alloy that is historically referred to as “crown gold” which contains 91.67% pure gold. The remainder is a mix of copper and silver which provide added hardness to resist the wear and tear that can be caused by circulation.

Gold Eagle coins are available in four denominations. Each denomination has a nominal face value which is far below its intrinsic value.

Gold Eagle DenominationFace ValueAGW
1 oz American Gold Eagle Coin$501 troy ounce
1/2 oz American Gold Eagle Coin$251/2 troy ounce
1/4 oz American Gold Eagle Coin$101/4 troy ounce
1/10 oz American Gold Eagle Coin$51/10 troy ounce

The American Gold Eagle is one of the two official US Mint gold coins, the other being the Gold Buffalo series which debuted in 2006.

Composed of 1 troy ounce in 22 karat gold form, Gold American Eagles include small amounts of silver and copper to provide the soft metal with some rigidity. That gives the coin with great wear-resistance against blemishes and scratches that are possible on pure gold coins.

The obverse of the coin features a modernized rendition of the Augustus Saint Gauden’s design that graced the $20 double eagle which was minted primarily for international trade from 1907 until 1933. The rendering shows Lady Liberty with long flowing hair. Her right arm is raised and holding her torch proudly, a symbol of enlightenment, shining a path to freedom and liberty. Her left is extended out to her side and holds an olive branch, a symbol of peace.

From 1986-1991, the year-dates were shown on the front of the coins using Roman numerals for dates. In 1992, a switch was made to using traditional Arabic numbers for year-dates.

From 1986 until 2001, the reverse design portrayed a male eagle holding an olive branch flying above a nesting female eagle and a baby eagle. This is sometimes referred to as the Type-1 design by coin collectors.

The reverse of the coin was updated with a new design in 2021. The Type-2 design was introduced partway through the year that shows just the head of an eagle with a piercing eye gazing forward.

Both the Type-1 and Type-2 reverse design include inscriptions for the weight, face value and the mottos commonly found on US currency, “In God We Trust” and the latin phrase “E Pluribus Unum” which means “Out of Many, One”.

American Gold Eagles are available in four weight denomination (1/10 oz, 1/4 oz, 1/2 oz, and 1 oz). Each is guaranteed for gold content and purity by the United States Government and carries the designation as legal tender currency.

The fractional denominations of the American Gold Eagles are identical in design to the 1 troy oz coin except for the markings that indicate weight and face value.

While Gold Eagle coins are legal tender in the United States at their face values, the true worth lies in the intrinsic value of the gold from which they are minted.

The US Mint also creates commemorative gold coins that highlight culturally significant people and events.

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The Trap with the Golden Bait by Roman Booteen Now Available

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Roman Booteen's Trap Coin Hobo Nickel

The “Trap Coin”, designed and sculpted by Roman Booteen is a uniquely designed and carefully crafted “Hobo Nickel” in 2017. The coin’s unique spring loaded finger trap contraption has caught the attention of coin collectors and art collectors and many more.

Roman Booteen trap coin replica side view

The coin sold at auction for over $10,000 and The Heads or Tails Coin Company purchased the rights to reproduce the design, complete with the fully functional trap mechanism. The reproduction trap coin is now available for purchase. The reproduction is limited to only 999 replica coins.

The coin’s bezel, jaws and trap are cast from .925 Sterling Silver. The obverse of the coin features a Morgan Dollar that has been domed to hide the mechanism of the trap.

The reverse features a Mexican Dos Peso Gold Coin and the spring-loaded trap.

Roman Booteen's Trap Coin Hobo Nickel

Trap Coin-Features:

  • Authorized reproduction of Roman Booteen’s original Trap Coin produced by Heads or Tails Coins & Collectibles
  • Unique and fully functional trap mechanism
  • Bezel, Jaws & Trap cast from 20 grams of 925 silver
  • Limited to ONLY 999 replicas
  • Individually laser-etched with serial number
  • The coin arrives in a collector’s box with its certificate of authenticity
  • Bas-relief sculpture on a hobo nickel
  • Includes an original Morgan Dollar
  • Consists of the original Dos Pesos .0482 troy ounce gold coin

Design Highlights:

  • Unique and carefully crafted sculpting and functionality
  • Obverse: A domed Morgan Dollar, highlighting the iconic bald eagle
  • Reverse: 1945 Gold Dos Peso Coin, surrounded by a spring-loaded finger trap
  • The trap opens and becomes a part of the border work
  • Around the circumference of the coin, there is an inscription by Sir Walter Scott reads, “AURUM MULTO MAGIS ANIMAS PERDIDIT QUAM FERRUM CORPORA CECIDIT. “- Definition of the Inscription: “Gold has killed more souls than iron.”
  • The “Trap coin” makes an excellent gift for any coin or precious metals enthusiast, investor or collector.

Find the best prices the Trap Coin and for Roman Booteen Coins For Sale.

Buy the Trap Coin for the best price from a trusted and reputable bullion dealer.

 

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Mexican Gold Pesos – Buy Gold with Low Premiums

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Mexican Gold Peso coins have long been a favorite for savvy investors that want to invest in gold but save on the paying dealer premiums over melt.

Mexican Gold Peso coins were minted by the Mexican Mint,La Casa de Moneda de México, the oldest mint in North America and the official mint of Mexico.

Gold Peso coins from Mexico were minted in six different denominations ranging from the smallest 2 Peso gold coin to the largest 50 Peso gold coin. The coins were minted in an alloy containing 90% gold, the remaining 10% being copper which helps to give the coins a sturdy, durable feel as well as the orangish hue for which they are known.

The six denominations and their approximate gold weight (AGW) are:

Denomination Approx Gold Weight (AGW)
2 Peso .0482 troy oz (1.499 grams)
2.5 Peso .0603 troy oz (1.876 grams)
5 Peso .1205 troy oz (3.748 grams)
10 Peso .2411 troy oz (7.499 grams)
20 Peso .4823 troy oz (15.001 grams)
50 Peso 1.2057 troy oz (37.502 grams)

Premiums on gold Mexican Pesos vary depending on the denomination and the dealer. Dealer premiums can be as low as 1% above melt price for larger denominations or as low as 6% to 8% for the smallest denominations.

Gold Peso coins from Mexico can often be found at the lowest premiums for fractional gold coins or bullion.

FindBullionPrices.com tracks silver and gold bullion prices from trusted and reputable online dealers to help you find the best prices when you what to buy Mexican Gold Peso coins.

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Sales of American Eagle gold and silver coins drop to 11 year low

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best place to buy American Silver Eagles online

According to sales data released by the U.S. Mint this week, sales of both American Silver Eagle (ASE) and American Gold Eagle (AGE) coins were down in 2018.

According to sales data, the U.S. Mint sold 245,500 ounces of Gold Eagle bullion coins during 2018. This was down from 302,500 ounces in 2017 and 985,000 in 2016.

Silver Eagle bullion coin sales dropped in 2018 as well. In 2018, the U.S. Mint sold 15,700,000 one-ounce Silver Eagle bullion coins. This was down from 18,065,500 in 2017 and 37,701,500 in 2016.

Silver Eagle bullion coins are sold to dealers in 500 coin Monster Boxes. Many precious metals dealers that are still holding onto 2018 dates coins have lowered the premiums to as low as $2.20 per coin, which is only 20 cents more than the premium charged by the U.S. Mint.

Additional information can be found in this Reuters article and via the U.S. Mint Production Sales Figures.

Overall, the spot price of gold ended 2018 with a 2.1% loss, the spot price of silver lost 9.7% throughout the year.