Are $1 Gold Coins a Wise Investment in 2010?

Although the US Mint produces “gold” dollars presently that are used as currency, the $1 gold coins that we are speaking about today were minted between 1849-1899 and are composed of 22-karat gold. Investors typically purchase $1 gold coins that have been certified as being in Uncirculated Mint State condition by either the Professional Coin Grading Service (PCGS) or the Numismatic Guaranty Corporation (NGC).

These “certified” gold coins tend to financially outperform gold bullion investments for investors who hold their gold 14 months or more. While gold bullion coins like the American gold Eagle and the Canadian gold Maple Leaf are highly advisable inflation hedges for investors who are looking to hold short-term, they could be confiscated by the US government in an effort to back up a failing US currency.

Collectible coins like the $1 gold coins, $20 Double Eagle coins, and other pre-1933 US gold coins that have remained in pristine condition over the years have been deemed to be non-confiscatable assets, so safety-oriented investors who would like to maintain possession of their ore for years or decades may want to consider a certified coin purchase.

Whether your needs point you to bullion for profit-seeking or certified gold coins for security and wealth preservation, it is important to take physical delivery of your precious metals if possible. You can empower yourself financially in a national crisis if you have your metals on hand instead of in a depository or in stock form, and financial independence is really what gold investing is all about. To learn more about $1 gold coins or any other type of gold investment, give us a call or email us today, or simply get your free copy of our 2010 Insider’s Guide to Gold Investing below and browse through it when you have the time. 

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Kevin Johnson

Senior Staff Writer - GoldCoin.net