Tag: Pre-1933 Gold Coins
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Investing in Semi-numismatic coins.
What are semi-numismatic Coins? Semi-numismatic coins are unique assets that carry value beyond their metal content. Unlike standard bullion, which is valued purely based on its precious metal weight (like gold or silver), semi-numismatic coins combine both bullion and collectible appeal. This means they are often worth more than their “melt value”—the value if the…
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The Great Confiscation: Gold ownership was illegal in the USA from 1933 to 1975.
Only gold coins kept in safety deposit boxes were actually seized; no other coins were taken. While it was illegal to use gold bullion as currency, simply owning gold coins was not against the law. Thus, the notion of a widespread “confiscation” of gold coins is largely exaggerated. Have you heard of Roosevelt’s Emergency Banking…
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☆ Choosing old coins : high premium on pre-33 gold?
In 2017 and 2018, I recall that you could purchase pre-33 gold coins in decent condition either below the spot price or slightly above it. Does anyone have insight into why the prices have experienced such a dramatic increase, resulting in premiums of 20% to 40%? Additionally, what could be considered a reasonable premium for…