Why Certified Gold Coins are Important
Certified gold coins are popular both with collectors and investors, and this is because the coins have undergone certification and are guaranteed to be graded and authentic. The two most popular services are NGC (Numismatic Guaranty Corporation) and PCGS (Professional Coin Grading Service).
Certification Services for Rare Coins
While PCGS and NGC are the most prominent coin certification services, there are others. Still, it is best to stick with a name that most collectors and investors have heard of to ensure the coins you buy are authentic. While it is possible to buy gold and silver coins which are non-graded, their authenticity will be in question unless you sell them to a coin shop that has staff who can tell the difference between real and fakes.
A growing number of people around the world are recognizing that “hard money” is the best and safest method of wealth preservation. All paper currencies are “soft” which has continued to lose value decade after decade due to endless government printing and the elimination of silver and gold backing which was the standard centuries ago.
The second reason why people prefer certified gold coins is stability. The supply of these specimens is always limited while the demand will grow steadily, which reduces their dependence on gold’s spot price which is volatile at best.
Certified Coins Offer Performance and Privacy
Certified coins have numismatic value, which is also referred to as the rarity premium. This is a secondary method by which investors can receive excellent returns once scarcity increases with demand. Additionally, there have been cases where certified gold has even outperformed its bullion counterparts.
When you buy or sell gold bullion, the transaction will often be observable to the government and must be reported to them. By purchasing certified coins you will enjoy greater privacy. Finally, certified coins offered unmatched security. Those who know history realize that the U.S. government confiscated gold during the 1930s. However, the gold that they took was primarily bullion, since certified coins were considered collectibles which were exempt.
Choosing Certified Coins
Protecting your hard earned wealth from the ravages of inflation and out of control spending by governments is absolutely essential. And the phenomenon isn’t specific to one country; the majority of governments around the world are near bankrupt and fleece their citizens by continually printing money in an attempt to pay off their debt. By investing your fiat currency in certified gold and silver coins, you can avoid going down with the sinking ship, but it is important to choose them wisely.
The best coins have great liquidity with enhanced potential for long term growth and numismatic value. They provide protection against counterfeiting, as well as balancing gold content with purity. They can be purchased in various sizes which make them more affordable and allow a greater number of people to get into gold. The most desirable American certified coins are those which were minted before 1933.