During financial difficulties, people can always resort to selling jewelry and coins to get quick cash. Local dealers can give great offers on rare coins that can be worth a lot more than their owners can imagine. Gold bullion is a very popular form of investment for many people. The price of gold is immune to any publicly traded markets that involve stocks. In fact, gold prices have reached record high prices during the U.S. recession that began in 2008. Gold coins are excellent investments because they can be collected and always sold when the time is right.
The United States of America has minted Gold Bullion for more than two centuries. The value of a gold coin essentially depends on several important factors. First, the Karat weight rating of a gold coin is considered. The Karat weight is based on a 24K system that implies 100 percent purity. Therefore, an 18K rating implies that a coin is 75 percent gold. The historical value of a coin also determines the value. It makes sense that older coins are worth much more than coins that have been minted in recent years. Rarity is also a major factor in the price of gold bullion. The United States Mint has released some gold bullion in limited editions. Therefore, very rare coins from the 19th century and 20th century can be worth a lot more than just their gold content by weight.
Silver coins that are minted in the United States may also have some significant value. The United States mint has issued various editions of silver dollars. Such coins are worth much more than their implied dollar denomination. Silver eagle coins are very popular Bullion that can be traded and sold at fairly high prices. Most silver coins bear the names of U.S. presidents.
Numismatics dealers are also more than happy to exchange foreign coins such as from Europe, Canada and Asia. Such dealers may have online websites that explain all of the policies regarding buying and selling coins. Such a website may have a “click here” link that provides information about the values of rare gold and silver bullion. Sometimes, it’s worth to travel far away just to reach a coin dealer that could offer a great price on certain bullion. Spending a few hundred dollars on travel can be worth it if the coins boast a value of thousands of dollars.
Thanks for suggesting that we sell our coin and jewelry collection for quick cash. We need to pay for my brother’s surgery and my parents don’t have an emergency fund that we can use. Maybe we can find a coin dealer and see if we can get a good amount from the coin collection that we inherited from our grandfather.