United States Mint and DC Comics Collaboration

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The United States Mint has announced a first of its kind collaboration with DC Comics to launch a new series of collectible coins and medals celebrating DC comic book art.

The new series will debut during the Summer of 2025 kick off with Superman, Batman, and Wonder Woman. The series will feature three additional DC characters per year in 2026 and 2027.

The public is invited to vote for the DC Super Heroes they would like to see included in the series. Voting will be open from July 10 to August 11, 2024.

This collectible series will include 24-karat gold coins, .999 fine silver medals, in addition to non-precious metal (clad) medals.

To participate in the voting, you can complete the survey found at the bottom of the Comic Art page on the US Mint website. Follow the instructions in the survey and select the characters you would like to see featured in future years.

DC Comics was founded in 1934 as National Allied Publications and is one of the oldest comic book publishers globally. Its rich history and iconic characters make it a natural fit for this collaboration with the Mint.

The United States Mint has a longstanding tradition of issuing commemorative coins and medals that honor American values, icons, and significant historical moments. This new venture continues that tradition by celebrating the cultural impact of comic book art.

Upcoming Los Angles Area Coin Shows

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Coin shows are events where coin collectors, dealers, and enthusiasts gather to buy, sell, trade, and learn about coins and other numismatic items. They are also events that will have local precious metals dealers from the Los Angeles area onsite.

In the Los Angeles area, you can usually score great deals on hard to find numismatics and collectibles and these events are essential hubs for the numismatic community with a variety of activities and opportunities. Some are small local gatherings, while others are large international conventions.

Southern California Coin Shows

Van Nuys Coin Show

June 23, 2024 – Van Nuys Coin Show – Van Nuys Masonic Hall – 14750 Sherman Way – Van Nuys, CA 91405 Directions


The Van Nuys Coin Show is a staple event for the numismatic community in the central San Fernando Valley. The exact year of its inception is not specified, but it has built a reputation over time for its consistency and the quality of its offerings.

North County Monthly Coin Show

July 7, 2024 – North County Monthly Coin Show – Embassy Suites Anaheim Hills – 3100 East Frontera, Anaheim, CA 92806


The North County Monthly Coin Show is a popular event held in Anaheim that caters to coin collectors, dealers, and enthusiasts. Investors and collectors can find a variety of dealers and sellers to buy, sell, and trade coins and other numismatic items. This show is held on the first Sunday of every month, except for months when the Buena Park Coin Show takes place.

Coinarama – San Diego

July 13-14, 2024 – Coinarama – San Diego – Liberty Station Conference Center – 2600 Laning Road – San Diego, CA 92106

Coinarama is one of San Diego’s premier coin shows, attracting coin collectors, dealers, and enthusiasts from across the region for more than 67 years. It provides a platform for buying, selling, trading, and learning about coins and other numismatic items.

Long Beach Expo

Sept 5, 2024 – Long Beach Expo – Long Beach Convention Center – 100 South Pine Ave – Long Beach, CA 90802

The Long Beach Expo has been operating since 1964, making it one of the longest-running coin shows in the country. The show has built a reputation for its high-quality exhibits and extensive range of numismatic offerings.
The show is organized by Collectors Universe, the parent company of Professional Coin Grading Service (PCGS), one of the leading coin grading companies in the world.

Buena Park Coin Show

Sept 14, 2024 – Buena Park Coin Show – Retail Clerks Hall – 8550 Stanton Ave – Buena Park, CA 90620

The Buena Park Coin Show is a key event in the Southern California numismatic community. The show features over 50 dealers offering a wide range of U.S. and world coins, currency, tokens, medals, bullion, and numismatic supplies.

How and Where to Sell Gold Coins

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Central Banks Continue to Buy Gold

Inheriting a collection of gold coins and bars can be a valuable and exciting opportunity. However, navigating the best ways to sell these items to get the highest possible value can be a daunting task.

There are various ways to sell gold coins and bars, including online dealers, local coin stores, gold refiners, online forums and social media, eBay, pawn shops, and “We Buy Gold” stores. We’ll also discuss the pros and cons of each method and provide a recommendation for the best way to sell your inherited gold items.

Selling to an Online Dealer

One of the most convenient and efficient ways to sell gold coins and bars is through an online dealer. These companies specialize in buying and selling precious metals, making the process quick and easy.

Reputable online dealers such as APMEX, JM Bullion, and Bullion Exchanges have streamlined processes.

The first step is to contact the dealer and provide details about the all of the items you wish to sell and the condition of each item. Some dealers may request photos of the items. It’s a good idea to get price quotes from at least 3 dealers.

The dealer will offer a preliminary quote based on the current spot gold price and any numismatic value.

If accepted, you’ll ship the gold to them, often with insurance and tracking provided. Upon verification of the items, payment is usually made via check, bank transfer, or PayPal.

Depending on the dealer, the price may not be fully locked-in until they are in receipt of your metals. Be sure to ask each dealer for details of their process.

Online dealers typically pay close to the spot price for gold coins and bars, with some offering a small premium for numismatic items.

Pros and Cons of Selling to an Online Dealer

  • Pros: Convenience of selling from home, simple process, competitive prices, transparency.
  • Cons: Shipping time and risks, potential for lowball offers, payment can be longer than local options.

Selling to a Local Coin Store

Local coin stores are a traditional option for selling gold coins and bars. Visit the store with your items for an appraisal. The store owner or clerk will assess the gold’s weight, purity, and condition, and provide an offer. Transactions are typically completed on the spot with immediate payment.

Pros and Cons of Selling to Local Coin Store

  • Pros: Local presence, in-person evaluation, face to face transactions allow for negotiation, quick transaction.
  • Cons: Lower prices, limited market exposure, avoids shipping risks.

Selling to a Gold Refiner

Gold refiners buy gold items to melt down and purify. Contact a refiner to get a quote based on the gold’s weight and purity. Ship your gold to the refiner, who will assay it to determine its exact content. After verification, the refiner pays you, usually 3% to 6% below the current spot price minus refining fees.

However, refiners may not be interested in numismatic items.

Pros and Cons of Selling to a Gold Refiner

  • Pros: Competitive prices, quick transaction.
  • Cons: Refining fees, Limited market for numismatic items, potential for lowball offers.

Selling on eBay

Selling gold coins and bars on eBay can be a way to reach a larger audience and potentially get a higher price for your items. Depending on any numismatic value or rarity of your gold coins, selling the item as an auction may yield a higher price.

Selling on eBay requires creating a listing, taking photos, and dealing with shipping and payment logistics. Additionally, the eBay Buyer Protection can cause problems for sellers if the buyer files any type of claim, real or fraudulent.

Additionally, eBay takes a percentage of the sale, plus accepting payment via PayPal comes with additional fees. To sell gold coins on eBay comes with the realization that the total fees may be up to 15%.

eBay also offers a service that purchases precious metals. However, it is a referral service that is handled by APMEX. If you’re considering this option, it may be worthwhile to also get a price quote directly from APMEX and compare the results.

Pros and Cons of Selling on eBay

  • Pros: Wide audience, potential for higher prices.
  • Cons: Listing and shipping logistics, eBay fees, potential for scams.

Selling to a Pawn Shop

Pawn shops are a quick and easy way to sell gold coins and bars. Bring your items to the shop for an appraisal. The pawnbroker will offer a price based on the current gold market.

However, Pawn shops typically pay significantly less than other methods. Pawn shops are in the business of making a profit, so they will offer you a price that allows them to resell your items at a markup.

Pros and Cons of Selling to a Pawn Shop

  • Pros: Quick transaction, no shipping required.
  • Cons: Significantly lower prices, limited market exposure, lack of expertise in numismatic values.

Selling to a “We Buy Gold” Store

“We Buy Gold” stores specialize in purchasing gold items are similar to pawn shops in that they offer quick transactions and less money for your gold.

These stores are often found in shopping malls or strip malls and are primarily interested in buying gold for its melt value.

Visit the store with your items and the staff will evaluate them and make an offer based on weight and purity.

Pros and Cons of Selling to “We Buy Gold” Store

  • Pros: Quick transaction, no shipping required.
  • Cons: Significantly lower prices, limited market exposure, lack expertise in numismatic values.

Key Takeaways When Selling:

  • Compare gold coin buy prices from multiple online dealers
  • Contact at least 3 to 5 different dealers or brokers to receive quotes or appraisals.
  • Confirm in writing with each dealer when their price is locked in, the spot gold price price used in creating the quote, any dealer premiums or commission and other pertinent details such as shipping or handling fees.

FindBullionPrices.com can help find the best place to sell gold coins for the highest price. We track the “buy back price” of various US Mint gold coins and others from an assortment of online dealers.

The most common include the American Eagle 1 oz Gold Coin, the American Buffalo 1 oz Gold coin and the .

We also track the buy back prices of fractional American Eagle Gold coin series including the 1/10 oz, 1/2 oz and 1/4 oz denominations, as well as Canadian 1 oz Gold Maple Leaf Coin. If there are other gold coins or bars that you’d like us to track, send a request via our contact form.

How to test gold at home?

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Gold has been a symbol of wealth and prosperity for centuries. With its value and popularity, it’s no surprise that counterfeit gold items have become a common issue.

To protect yourself from purchasing fake gold, it’s essential to learn how to test gold’s authenticity at home.

If you’re having doubts about a bullion coin or bar that you have in your collection, take a look at FakeBullion.com where you can compare your piece to known counterfeits.

Methods for Testing Gold at Home

1. Magnet Test

The simplest way to test gold is by using a magnet. Pure gold is not magnetic, so if your gold item attracts the magnet, it’s likely not pure gold. Be wary with online purchases as there are many plated and counterfeit items that are frequently seen for sale through Facebook Ads which link to misspelled domain names, or have prices well below melt value. It’s also import to due your own due diligence with Facebook groups, Instagram, Reddit and other social selling and trading platforms. Some look genuine right down to the packaging and hallmarks.

2. Specific Gravity Test

Gold has a high density, approximately 19.3 grams per cubic centimeter (g/cm³). To perform a density test, you’ll need a scale and a measuring container filled with water. Weigh the gold item and then submerge it in water to measure the water displacement. Calculate the density using the formula: Density = (mass / volume).

To test gold using the specific gravity method, follow these detailed steps:

  1. Weigh the Gold in Air: Begin by using a precision scale to measure the weight of the gold item in grams. Record this weight as the dry weight (DW).
  2. Prepare the Water Container: Fill a water container with enough room temperature water to submerge the gold item completely without touching the sides or bottom.
  3. Weigh the Water Container: Place the water container on the scale and press “tare” to make the scale zero. This will account for the weight of the container itself.
  4. Weigh the Gold in Water: Lower the gold item into the water container using a string suspended from a pen or pencil. Record the weight of the water container with the gold item submerged. Be sure to record the weight without the pen or pencil resting on the glass. This is the wet weight (WW).
  5. Calculate Specific Gravity: Subtract the wet weight (WW) from the dry weight (DW) to find the difference (DW – WW). Then, divide the dry weight (DW) by the difference (DW – WW) to calculate the specific gravity (SG) of the gold item.
  6. Compare with Known Specific Gravity: Compare the calculated specific gravity with the known specific gravity of pure gold, which is 19.3. If the calculated specific gravity is close to 19.3, the gold item is likely to be pure. Lower specific gravity numbers may indicate various karats.

Based on the specific gravity, you can determine the approximate purity or karat of the gold item.

Specific Gravity RangePurity
19.13-19.5124 Karats
17.45-18.2422 Karats
16.03-17.1120 Karats
14.84-16.1218 Karats
12.91-14.4414 Karats
Less than 12.91Less than 14 Karats
Gold Karat Specific Gravity Chart

Keep in mind that this method provides a non-destructive way to test the purity of gold, but it may not be as accurate as more advanced techniques used by professionals.

3. Visual Inspection

Look for hallmarks or stamps on the gold item, which usually indicate the karat or purity of the gold.

18k Gold Filled (GF) mark

Common stamps include 10K, 14K, 18K, and 24K. However, other marking may indicate that the piece is gold filled, rolled gold or electro-plated.

Pieces that include “GF” or “RFG” next to or near the karat marking contain only a tiny fraction of the amount of gold. These pieces are variations of plating that use a thin layer of gold on top of a base metal. Some pieces may also include a fraction that indicates what percentage of the piece is actual gold.

The marking on gold-plated items may include ‘GP,’ ‘GE,’ or ‘HGE.’ These electro-plated itemswould be contain only a thin layer of gold over base metal.

4. Acid Scratch Test

The acid scratch test is one of the most reliable methods for testing gold’s authenticity at home. This test involves scratching the gold item with a testing stone and applying different acid strengths to determine the gold’s purity.

Where to Purchase a Gold Testing Kit

You can purchase a gold testing kit online or at a jewelry supply store. A reliable kit should include various acid solutions for testing different karat levels (e.g., 10K, 14K, 18K, and 22K) and a test stone, usually a piece of black slate.

Amazon has a variety of testing kits that include acid solutions and a test stone for around $30. You can find one with a testing kit with wooden storage box for around $45.

How to Use a Gold Testing Kit for the Acid Scratch Test

  1. Clean the gold item and the test stone with a soft cloth to remove any dirt or oils.
  2. Choose the appropriate acid solution based on the karat you want to test. For example, use the 14K acid for a piece you suspect is 14-karat gold.
  3. Place a small drop of the acid solution onto the test stone.
  4. Use a gold testing needle or a small, sharp instrument to scratch the gold item gently. Collect a small amount of gold on the testing stone.
  5. Apply the gold streak from the item onto the drop of acid on the test stone.
  6. Observe the reaction. If the gold streak dissolves or reacts with the acid, the gold is less than the karat of the acid applied. If the streak remains unchanged, the gold is at least the same karat as the acid used.
  7. Clean the test stone and repeat the process with different acid strengths to determine the gold’s purity accurately.

Other Ways to Test Gold

These tests can help you avoid purchasing fake or low-quality gold items or for testing gold for authenticity at home. Although counterfeits are getting better, using a combination of visual inspection, specific gravity test and acid scratch test, you can determine the gold’s authenticity with a high degree of confidence.

For the most accurate results, it is recommended to consult a local coin shop, pawn shop or professional jeweler who will likely have a Sigma PMV that can be used by professionals for verifying gold purity.

$10 Eagle Gold Coin

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Owning and appreciating gold coins can be both a collection and an investment. For some, the intention is towards the historical and aesthetic value of the coins. For others, the focus is on the potential appreciation of the coins’ value over time.

Investing in $10 Eagle gold coins is relatively straightforward, especially for those with an interested in numismatics or tangible assets.

The $10 Eagle gold coin contains 0.48375 troy ounces of gold and are made from an alloy of 90% gold and 10% copper. As tangible assets, these coins are valued not only for their gold content but also for their historical and collectible value.

The $10 Eagle was minted from 1795 until 1933 when FDR declared that all gold be seized, melted down and held as reserves in the Fort Knox Bullion Depository.

Throughout the years of minting there were three major designs that were issued in different eras.

  • The Capped Bust Series from 1795-1804
  • The Liberty Series or Coronet Head from 1838-1907
  • The Indian Head Series from 1907 until 1933

Capped Bust $10 Eagle Gold Coin (1795-1804)

1797 Turban Head $10 Gold Eagle

The Turban Head $10 Gold Eagle coin, also known as the Draped or Capped Bust Eagle, was a series of gold coins minted by the United States Mint from 1795 to 1804. The designer of this coin was Robert Scot, who was the first Chief Engraver of the United States Mint.

The Turban Head Eagle featured a portrait of Lady Liberty wearing a turban-like cap on the obverse, while the reverse showcased a bald eagle with a shield on its chest.

In the early years, mintages of these coins were extremely low. The first mintage to exceed 10,000 coins was in 1799, when 37,449 $10 gold coins were minted. 

Liberty $10 Eagle Gold Coin (1838-1907)

1893 Liberty Head $10 Eagle Gold Coin Obverse

The Liberty Gold series was designed by Christian Gobrecht, who became the third Chief Engraver of the U.S. Mint.

His classical rendition of Lady Liberty was inspired by neoclassical art prevalent during his time.

The design of the first Liberty Head $10 Gold Eagle was inspired by the portrait of Venus in Benjamin West’s Painting Omnia Vincit Amor (Love Conquers All).

Liberty Head $10 Eagle Gold Coin Reverse (No Mintmark)

It features a bust of Liberty facing left, wearing a coronet inscribed LIBERTY with thirteen stars encircling the bust and the date positioned below. Her hair is knotted in the back with hanging curls.

The reverse depicts an eagle holding an olive branch and arrows, surrounded by the inscriptions UNITED STATES OF AMERICA and TEN D. Mintmarks are situated in the area below the eagle.

President Theodore Roosevelt was not a fan of the Liberty series. He considered the designs to be unattractive and lacking in artistic merit.

Roosevelt’s quest for coins that reflected the nation’s grandeur led to the commissioning of renowned sculptor Augustus Saint-Gaudens, culminating in the 1907 introduction of the Indian Head $10 Eagle Gold Coin.

Indian Head $10 Eagle Gold Coin (1907-1933)

The Indian Head $10 Eagle gold piece was minted from 1907 to 1933.

The overall design of the $10 Indian gold coin is highly detailed and intricate and is a testament to the American spirit, artistry and craftsmanship of the era.

1908-D $10 Indian Gold Coin NO MOTTO Reverse

The public reaction to the Indian Head $10 Eagle gold piece design in 1907 was mixed, with a particular point of contention being the omission of the motto “IN GOD WE TRUST” on the initial coins.

This omission was noted by the public and the coins were criticized for it.

Teddy Roosevelt penned a famous letter explaining his feelings on the matter, in favor of keeping the motto off the coin.

However, the U.S. Mint responded to the public’s concern and the motto was added to the coin in 1908.

Less than 450,000 coins of the NO MOTTO variant of the Indian Head $10 Gold coin were minted before the US Mint updated the design. It’s unknown how many of these coins survived the gold seizure in 1933.

In today’s market, these coins are rare and some variants in higher Mint State (MS) condition can fetch up to $100,000 at auction.

While coins in lower MS condition, such as MS-63 are more affordable with room to appreciate in value.

The obverse of the coin features a unique and iconic design of Lady Liberty, inspired by the Greek goddess Nike. She is depicted wearing a Native American headdress, symbolizing the American West. This design was originally created by Augustus Saint-Gaudens and was adapted for the coin. The word “LIBERTY” is inscribed on the headband of the headdress, and the year of issue is at the bottom.

The reverse of the coin showcases a standing bald eagle perched on a bundle of arrows and an olive branch. This design represents both the strength and the peace-loving nature of the country.

The motto “E PLURIBUS UNUM” (meaning “Out of Many, One”) is inscribed on the left, and the denomination “TEN DOLLARS” is on the right. The words “UNITED STATES OF AMERICA” encircle the top of the design, with the motto “IN GOD WE TRUST” added in 1908, positioned to the left of the eagle.

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 when sales are posted, 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.

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

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, which is one of the primary characteristics that sets it apart from other assets.

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

Online Bullion Dealers

Online bullion dealers specialize in trading precious metals and they are a regular buyer of collections and investment portfolios for those who are interested in liquidating.

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, however, the price may not be fully locked-in until they are in receipt of your metals.

If you agree to sell them the metals at the quoted price, you then mail the metals to their intake center. 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, the package will be opened on camera and each piece will be inspected and tested on a Sigma or XRF machine to ensure it is genuine and authentic. Once everything is confirmed, the sales team will issue payment, most typically via check or ACH.

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.

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 yours at a lower price to ensure they make a profit upon resale, regardless of changes to gold price. As a result, offers from pawn shops might be significantly below the market value of your coins.

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.

Tangible Assets: US Mint Pre-1933 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 late 19th and early 20th centuries are a favorite for many investors and 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 most 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 and updated in 1849 and again in 1873. The original Act defined three distinct denominations, the larger $20 Double Eagle was defined in the updated Act.

  • $10 Eagle – 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 Eagle – 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 Eagle – 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.
  • $20 Double Eagle – Define as the twenty-dollar piece, five hundred and sixteen grains of standard 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.

Tangible Assets

These coins are made of 90% gold, which gives them intrinsic value based on the current price of gold. This means that even if the numismatic value of the coins fluctuates, they will always retain value based on their gold content.

These coins are historical artifacts from a bygone era when the economy was on the gold standard. The rarity and historical significance of Pre-1933 gold coins can adds numismatic premium to their value. For This means that these coins can appreciate in value over time, not just due to the price of gold, but also due to their historical and collectible value.

Moreover, the tangible nature of these coins can provide a sense of security not found in other types of investments. They are physical assets that you can hold in your hand, which can be reassuring in a world of digital and paper investments. This tangibility also means that they can be easily stored, transported, and sold, making them a flexible investment option.

While millions of these coins were minted prior to the prohibition on private gold ownership, millions of them were melted down into large gold bars for deep storage at the Bullion Depository at Fort Knox and in the underground vault at the Federal Reserve in New York.

Liberty Series

The

St-Gaudens and Indian Heads

HSBC Launches Gold Token, Chinese Investors Turning to Gold Beans, SWIFT Planning CBDC Rollout

FindBullionPrices.com

HSBC has launched a gold token for retail investors in Hong Kong. The token is backed by physical gold held in the bank’s London vault and is powered by distributed ledger technology. This allows for efficient and cost-effective tracking of allocated and unallocated gold holdings. The token is equivalent to 0.001 troy ounce of gold, enabling fractionalization of gold bars and direct investment by retail investors. Coindesk has further details.

China’s Gen Z Prefers to Buy Gold Beans

In recent years, young Chinese investors, particularly those from Generation Z, have shown a growing interest in purchasing gold “beans” as a form of investment. These gold beans are small, pill-sized gold products weighing around one gram and priced between 450 to 600 yuan. Each gold bean is a little larger than the casting grain utilized by jewelers. The trend has been driven by economic instability and as a way to preserve wealth in a tangible form.

Gold beans have become popular among young Chinese investors due to their affordability and the belief that gold is a safe and low-risk investment option. This trend is reflected in the surge of gold sales in China, which reached a six-year high in December 2023. Buying one or two grams per gold per week is a good way to store tangible wealth.

SWIFT Plans CBDC Roll Out in the Next Two Years

SWIFT is collaborating with Capgemini to conduct new experiments to test how they can interlink domestic CBDCs and take the next step towards seamless cross-border payments involving digital currencies. This time they are testing how SWIFT can interlink the multiple domestic-based CBDC networks emerging worldwide to make cross-border payments with CBDCs more seamless and frictionless.

This important step forward builds on the core capabilities of the SWIFT banking network and means that as CBDCs and tokens develop, they can be rapidly deployed at scale to facilitate trade and investment between more than 200 countries and territories around the world. SWIFT is trying to catch up to the efforts by BRICS countries in facilitating local currency transactions along with a return to a gold standard. TechReport.com has more details.

Recent Additions to Gold Coin Price Tracking

FindBullionPrices.com already tracks the prices of dozens of 1 oz gold coins from many trusted and reputable precious metals dealers. Additional coins have been added in recent weeks, providing additional options for investors looking for the lowest premium gold coins.

From the Royal Mint, the 2024 1 oz Beowulf and Grendel Gold Coin is part of a new series which celebrates the great battles from the poem Beowulf. Beowulf, believed to have been originally written in the 8th century is considered the highest achievement of Old English literature.

The series starts Beowulf’s heroic first tale, the battle against the swamp monster Grendel. The reverse shows the Beowulf in a defensive position with his spear at the ready, while Grendel towers above. Inscriptions are included for the year, weight, .9999 fine gold purity. The obverse of each 1 oz gold coin from the Royal Mint contains an obverse portrait of King Charles and this one is no exception and includes the face value.

The 2024 Britannia and Liberty 1 oz Gold Coin is the first issue of a new collaboration between artists and sculptures from both the Royal Mint and the US Mint. The teams worked together on the reverse design, which combines the portraits of Britannia and Lady Liberty into a single design.

Right side up, the coin shows Britannia wearing her helmet and carrying a trident in her hand. The 180 degree flip shows a modernized interpretation of lady liberty holding the flaming torch.

The Royal Mint is a government-owned mint that produces coins for the United Kingdom. It is responsible for manufacturing and distributing coins for the UK, as well as producing and selling commemorative coins and medals.

The Royal Tudor Beasts collection is continued with the 2024 Seymour Unicorn 1 oz Gold Coin. The reverse features the Seymour Unicorn, which represents the strength and purity of the union between Henry VIII and Jane Seymour. A distinct surface animation background is incorporated into the chain mail surface texture providing adding an additional point of anti-counterfeiting security.

There are many 1 oz gold coins from the Royal Mint that are highly sought after by collectors and investors because they are known for producing a wide range that includes intricate and beautiful designs, while also employing advanced security features to prevent counterfeiting and ensure authenticity.