Most of the modern gold coins minted have focused on famous designs of history, or subjects other than past presidents. That trend could change if the Congress approves plans to mint three new coins honoring President James Monroe.
Elected in 1816, Monroe was the 5th President of the United States of America. His greatest legacy can in the form of the declaration known as the Monroe Doctrine, which outlined the United States’ expectations for lessening European involvement in North, Central and South America. The modern gold coins that are being proposed would coincide with the two hundredth anniversary of his election in 1816. Monroe was also honored in 2008 as part of the $1 Presidential Gold Coin Act.
With a maximum of 20,000 being minted, these modern gold coins will become collector’s items, making them highly desired and more valuable than the weight of their gold. Gold coins represent a convenient way for people to buy and own gold, and collector’s coins are generally considered exempt from any confiscation attempts by the federal government to replenish the Federal Reserve. This added value and security makes unique modern gold coins like these a safe and rewarding investment.
With economic conditions making gold an excellent investment, modern gold coins that have value above their bullion price become even better assets. These coins look to not only honor one of the truly great American Presidents, but to also allow people to have a secure and financially rewarding investment in gold
Senior Staff Writer – GoldCoin.net