Gold Proof Coin
Proof gold Coin, face value Vs. weight & purity, which is more important?
I want to buy a gold coin, but I am confused over, whether it’s the face value printed on the coin is more important in determining the selling price, or the weight and purity of gold are more important in determining the selling price?… Given all other condition same, e.g. mintage. I wanna buy something which is really worth the intrinsic value.
I’m a newbie in gold coin collection, I don’t even have 1 yet, but currently looking at some coins to buy, which are those issued by government mint yearly to mark the new year.
So now I’m assessing the value of gold coin, not sure which one to buy.
Older proof gold coins would be out of most peoples reach and are not always available even if one does have the cash. With the price of gold these days most modern gold coin denominations are just there to make it so-called legal tender. No one would spend a $5 gold coin as five dollars. Proof gold coins are a collector item or at least they want you to think that. They cost far more than the gold in them is worth. One takes a chance in buying one hoping the mintage stays low and people will keep collecting them. To me it is an unwise investment. Forget the proof thing and buy an older coin in the highest grade you can afford and make sure it is one of the semi key coins. That is it does not have the lowest mintage but is lower than most of the common types. See a couple of coin dealers for their opinion. If they try to sell you modern gold bullion see someone else. Modern gold coins are more for IRAs and the such and don’t seem to have a high collector base only an investor base. I would like to have a coin that has both bases and that is the real thing that was once really money. Hope this helps.
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High Grade Key Coin Investment Lot Gold Silver Proofs $7,000.00 |
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$1 1886-P HIGH GRADE PROOF GOLD COIN~ONLY 1,016 MINTED $6,750.00 |
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$2.5 1904-P GOLD COIN~HIGH GRADE PROOF~ONLY 170 MINTED! $6,625.00 |
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$2.5 1902-P GOLD COIN~HIGH GRADE PROOF~ONLY 193 MINTED! $6,125.00 |
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US MINT 2008-W AMERICAN BUFFALO GOLD 4-COIN PROOF SET $6,000.00 |
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1874 $3 GOLD COIN NGC MS61 PL MS61PL PROOF LIKE SCARCE $4,975.00 |
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2007 American Eagle Gold Coins Proof Set with COA $4,000.00 |
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1904 PL $20 LIBERTY GOLD COIN PROOF LIKE GEM BU !!!!!!! $3,875.00 |
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1997 Jackie Robinson 4-Coin Silver Gold Proof UNC Coins $3,845.00 |
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1984 $10 GOLD OLYMPIC NGC PR69 PROOF PF69 4-COIN SET !! $3,385.00 |
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1999 Gem American Eagle Gold Proof Set 4 Piece coins $3,000.00 |
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1988 USMint American Eagle Proof 4 Gold Coin Set COA #2 $3,000.00 |
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2000 Gold American Eagle 4 Coin Proof Set $2,800.00 |
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1998 4 Coin Proof set of Gold American Eagles $2,605.00 |
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1986 US MINT 1 OZ AMERICAN EAGLE PROOF GOLD $50 COIN $2,494.99 |
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1989 US MINT 1 OZ AMERICAN EAGLE PROOF GOLD $50 COIN $2,294.99 |
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1997-W Franklin Roosevelt 2 $5 Gold Coins, Proof + BU $2,145.00 |
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American Eagle Proof 1986 US Mint 1 OZ Gold Coin In Box $2,100.00 |
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2007 American Buffalo One Ounce Gold Proof Coin US MINT $1,759.00 |
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2007 American Buffalo One Ounce Gold Proof Coin US MINT $1,759.00 |
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1993 5-COIN PHILADELPHIA SET GOLD & SILVER PROOF W/ COA $1,699.95 |
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Harry Potter Isle Of Man Set of Gold Coins Proof Set $1,500.00 |
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1986 American Eagle $50 1 Oz One Ounce Proof Gold Coin $1,375.00 |
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2005 PROOF 1OZ US AMERICAN EAGLE GOLD COIN NO RESERVE $1,346.12 |
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1986 American Eagle $50 1 Oz One Ounce Proof Gold Coin $1,275.00 |
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2010 First Spouse Abigail Fillmore Gold Proof Coin PF70 $1,025.00 |
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1992 Gold Five Dollar Proof Quincentenary Coin $1,000.00 |
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2005 Birth of Christ Christmas Island Gold Proof Coin $999.00 |
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2008 W ELIZABETH MONROE FIRST SPOUSE PROOF GOLD COIN- $989.00 |
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1983S Olympics PROOFS, 3 coin set, GOLD & SILVER $900.00 |
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2007 W Dolly Madison Comm.SEALED GOLD BX PROOF $10 Coin $900.00 |
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1989 CONGRESSIONAL 6 COIN PROOF SET CHERRYWOOD GOLD $849.99 |
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2007 W DOLLEY MADISON FIRST SPOUSE PROOF GOLD COIN- $849.95 |
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1983-4 3 COIN PROOF COMMEMORATIVE W/ $5 GOLD $825.00 |
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1983-84 Olympic 3 Coin Commemorative Proof Set, w/ Gold $810.00 |
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1995 American Eagle Gold 4 Coin Bullion Proof Set $50+ $800.00 |
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LOT OF 100 – 1 OZ 2009 $50 GOLD EAGLE PROOF COPY COINS $799.95 |
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100 – 1 OZ 2009 $50 GOLD EAGLE BULLION PROOF COPY COINS $799.95 |
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1995 3 COIN PROOF CIVIL WAR COMMEMORATIVE W/ $5 GOLD $795.00 |
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1996 2 COIN SMITSONIAN PROOF COMMEMORATIVE W/ $5 GOLD $795.00 |
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2007-W DOLLEY MADISON FIRST SPOUSE GOLD $10 PROOF COIN! $779.95 |
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1989 CONGRESSIONAL PROOF UNC 6 COIN GOLD SILVER SET 848 $775.00 |
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1984 W U.S. Proof Olympic Gold Coin. $773.95 |
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1984-W Olympic $10 PROOF Commemorative Gold Coin $770.00 |
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1984-P Olympic $10 PROOF Commemorative Gold Coin $770.00 |
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1984 D Olympic $10 Proof Commemorative Gold Coin c. $770.00 |
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1984 W Olympic $10 Proof Commemorative Gold Coin c. $770.00 |
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(3) 1984 S PROOF OLYMPIC COMMEMORATIVE $10.00 GOLD COIN $755.00 |
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(4) 2003 PROOF FIRST FLIGHT COMM $10.00 GOLD COIN $755.00 |
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(3) 1984 P PROOF OLYMPIC COMMEMORATIVE $10.00 GOLD COIN $755.00 |
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(3) 1984 D PROOF OLYMPIC COMMEMORATIVE $10.00 GOLD COIN $755.00 |
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(5) 1984 W PROOF OLYMPIC COMMEMORATIVE $10.00 GOLD COIN $755.00 |
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*SARAH POLK* FIRST SPOUSE 1/2 OZ $10 GOLD PROOF COIN $729.01 |
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1984 W Olympics TORCH BEARER Gold $ 10 Proof Coin $725.00 |
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2007 First Spouse Gold Proof Coin- Dolley Madison w/COA $700.00 |
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1995 Olympic 4 Coin Proof Set w/SILVER Dollar & Gold $5 $699.99 |
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1986 STATUE OF LIBERTY 6 COIN SET-UN-CIRC. & PROOF-GOLD $695.00 |
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Dolly Madison gold coin 2007 W 1/2 0.5 oz proof 0.999 $677.50 |
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2007 First Spouse Dolly Madison Proof Gold Coin .9999% $651.59 |
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2007 First Spouse Dolly Madison Proof Gold Coin .9999% $650.00 |
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2006-W GOLD $10.00 EAGLE COIN PROOF (5862SGB) $649.99 |
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CHRISTOPHER COLUMBUS 500 YR SILVER GOLD PROOF COINS $625.00 |
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2008-W $5 Bald Eagle Gold Coin PCGS Proof PR70DCAM $625.00 |
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1984 Olympic $10 Gold & Silver Comm. 3 Coin Proof Set $619.00 |
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1986 Statue Of Liberty 6 Coin Proof Set 2 Gold $5 piece $601.77 |
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1984 Olympic Comm. 3 Coin Proof Set with $10 Gold Coin $600.00 |
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U S MINT 1984 COMMEMORATIVE PROOF GOLD TEN DOLLAR COIN $600.00 |
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U S MINT 1984 COMMEMORATIVE PROOF GOLD TEN DOLLAR COIN $600.00 |
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U S MINT 1984 COMMEMORATIVE PROOF GOLD TEN DOLLAR COIN $600.00 |
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2007-W JAMESTOWN PROOF $5 GOLD COIN PCGS PR70DCAM RARE $600.00 |
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1996 W Smithson $5 Dollar Gold Proof Coin PF69 UCAM NGC $599.99 |
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1995 W Olympic Stadium $5 Dollar GOLD PROOF Coin + COA $599.99 |
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1996 W $10 1/4 OZ FINE GOLD AMERICAN EAGLE COIN PROOF $549.90 |
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1992 3 COIN PROOF COLUMBUS COMMEMORATIVE W/ $5 GOLD $549.00 |
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1992 3 COIN PROOF COLUMBUS COMMEMORATIVE W/ $5 GOLD $549.00 |
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US 1995 ATLANTA CENTENNIAL OLYMPIC PROOF $5 GOLD COIN $545.00 |
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1993 HAWAII GOLD & SILVER 4 COIN SOVEREIGN PROOF SET $545.00 |
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2008 W US Mint Bald Eagle Gold Silver 3-coin Proof Set $525.00 |
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1995 CIVIL WAR BATTLEFIELD SILVER GOLD $1 $5 PROOF COIN $524.99 |
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1994 American Eagle Gold Bullion Coins Proof Set $500.00 |
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1995 W OLYMPICS STADIUM $5 GOLD COIN-NGC PF 69-PROOF $500.00 |
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1988 Olympic Silver & Gold Coin Proof Set w/Box & COA $500.00 |
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1988 Olympic Silver & Gold Coin Proof Set w/Box & COA $500.00 |
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1995 W OLYMPICS STADIUM $5 GOLD COIN-NGC PF 69-PROOF $500.00 |
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1996 W Smithsonian GOLD Proof $5 Dollar Coin PF69 NGC $499.99 |
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1988 US Olympic Gold & Silver Coins Proof Coin Set $498.00 |
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1995-W $5 CIVIL WAR NGC PR69 PROOF PF69 GOLD COIN PF-69 $495.00 |
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1986-W 1/4 Ounce $5 US Gold Coin Proof – PR69 DCAM $488.88 |
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1986-W 1/4 Ounce $5 US Gold Coin Proof – PR69 DCAM $488.88 |
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1986 Liberty PROOF, 3 coin set, GOLD & SILVER $475.00 |
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1987 Constitution PROOF, 2 coin set, GOLD & SILVER $475.00 |
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1988, Olympics PROOF, 2 coin set, GOLD & SILVER $475.00 |
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1989 PROOF, 3 coin set, GOLD & SILVER $475.00 |
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1994 World Cup, GOLD & SILVER PROOFS, 3 coin set $475.00 |
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1988 2 COIN PROOF COMMEMORATIVE W/ $5 GOLD $475.00 |
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1992 Columbus Quincentenary 3 Coin Proof Set w/ Gold $460.00 |
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1989 GOLD SILVER & Clad Congressional 3 COIN PROOF Set $459.99 |
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1991 GOLD SILVER & Clad Mt. Rushmore 3 COIN PROOF Set $459.99 |
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1992 GOLD SILVER & Clad Columbus 3 COIN PROOF Set $459.99 |
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1993 GOLD SILVER & Clad Bill of Rights 3 COIN PROOF Set $459.99 |
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Belarus 2006 50 Rubles Belarusian National Parks Protection of Environment – 5-Coin Gold Proof Set Belarus 2006 50 Rubles Belarusian National Parks Protection of Environment – 5-Coin Gold Proof Set A 5-Coin (1/4oz each) Gold Proof set – Belarusian National Parks Protection of Environment Belovezhskaya Pushcha. Zubr Reverse: in the centre – the relief effigy of zubr’s head against a background of the stylised forest; inscriptions along the rim: in the left-hand part at the top – in Cyrillic (BEL… |
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Czech Republic 2009 CZK 2500 Wind Mill at Ruprechtov 1/4oz Gold Proof Coin Czech Republic 2009 CZK 2500 Wind Mill at Ruprechtov 1/4oz Gold Proof Coin The windmill was built in 1873 as a classical Dutch-type windmill with a four blade wheel and pivoting roof. After a few years of service it suffered a damage in windstorm, resulting in its modernisation and uniqueness from today’s point of view. The turbine with a diameter of 10 meters, weighing approximately 2 tons revolv… |
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France 2009 100 Euro Claude Monet 1/2 oz Rectangular Gold Proof Coin France 2009 100 Euro Claude Monet 1/2 oz Rectangular Gold Proof Coin The series on impressionist painters was launched in 2007 and ends this year with two of the greatest artists in the movement, Claude Monet (1840-1926) and Auguste Renoir (1841-1919). These striking coins with pictorial themes have all been minted in a rectangular shape. Each coin depicts a painting which is emblematic of the art… |
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France 2009 50 Euro Year of Astronomy 1/4 oz Gold Proof Coin France 2009 50 Euro Year of Astronomy 1/4 oz Gold Proof Coin 2009 coincides with the International Year of Astronomy and the 40th anniversary of Neil Armstrong’s first steps on the Moon…. |
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DigiWeigh 600 gram Digital Pocket Scale Gadget, 20 Ounces $11.99 The large steel platform and durable, clear plastic expansion tray are the perfect size for weighing things like scrap jewelry, coins & coin rolls, crystals, gemstones & more! The Ounce mode is great for postal shipments. The Grain mode is commonly used for weighing archery arrows and gunpowder for reloading. The Carat mode is great to weigh loose, rough or cut, gemstones & other lapidary material… |
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2009 S Proof Set in Original US Government Packaging $28.95 Here is the 2009 Proof Set. The Proof Set for 2009 has 18 coins, including the 6 Territory Quarters (District of Columbia, Guam, Puerto Rico, American Samoa, Northern Mariana Islands, U.S. Virgin Islands), the Roosevelt Dime, Kennedy Half Dollar, Return to Monticello Nickel, 4 Lincoln Bicentennial Cents (Birth & Childhood, Formative Years, Professional Life, Presidency), Sacagawea Dollar, and the … |
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2010 American Silver Eagle Coin 1oz Uncirculated BU $22.25 2010 American Silver Eagle BU 1oz coin These gorgeous coins are minted at West Point, New York and contain one ounce of 0.999 pure silver. These are legal tender silver dollar coins authorized by the United States government. Makes an excellent (and affordable) gift! The obverse design features Adolph A. Weinman’s stunning Walking Liberty design dating back to 1916, with an ever hopeful Liberty … |
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1995 Silver U.S. Proof Set in Original Government Packaging $87.95 Up for sale we have a U.S. Mint 1995 Silver Proof Set. This Set is in the Original Box and Plastic Holder that was issued from the U.S. Mint. Here’s what’s included in this proof set: 1995 Lincoln Cent, 1995 Jefferson Nickel, 1995 Silver Roosevelt Dime, 1995 Silver Washington Quarter, and 1995 Silver Kennedy Half Dollar; and all in the original US Government packaging!!… |
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New ELECTRONIC WEIGHT SCALE Gold/Silver Bullion OUNCES, PENNYWEIGHT & More! Professional Weighing Balance $19.99 Easily convert your scrap gold/silver/platinum to TROY POUNDS (240 Pennyweights = 1 Troy Pound)! Ounce mode is great for postal shipments! Perfect scale for virtually any small item. High quality strain gauge load cell system makes it accurate in full capacity range. High density ABS housing and metal support makes it very durable. Impressive accuracy, repeatability, off center, and linearity. Lar… |
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2010 Reverse Proof and P-, D- and S-Mint Millard Fillmore Type Set Dollars Have your presidential dollars your way with the 2010 Reverse Proof and P-, D- and S-Mint Millard Fillmore Type Set Dollars. You receive 4 golden coins from 3 mints, including a stunning reverse proof coin. All coins in this set commemorate our 13th president, Millard Fillmore, who assumed the presidency on the death of Zachary Taylor. 2010 Reverse Proof and P-, D- and S-Mint Millard Fillmore Type… |
Gold Bullion Coin
Gold proof or Gold Bullion
When we see or hear of a “gold” coin, we can assume it’s made entirely of gold or at least mostly gold. What we can’t always assume is how much it’s worth. Although gold coins are generally valued at the current worth of gold rather than the face value of the coin, the coin may be a gold proof coin or a gold bullion coin. Proof coins are the coins that are made when they are working with or experimenting with the dies to get a specific effect. The result may be a frosted or mirrored-like appearance. Proof coins are generally sold to collectors whereas bullions are used as an investment purpose, without taking the nominal value of the coin into consideration. When purchasing gold coins to add to your portfolio or even give as a gift, most people will purchase a gold bullion coin as they have a wide variety to choose from.
Famous Gold Bullion Coin
When thinking of a gold bullion coin, almost the first one that comes to mind is the American Buffalo coin, which is the first coin to be made in the United States with 24-karat gold. This coin is a combination of timeless elegance and intricate design, resulting in a coin with a content of 1 ounce, pure .9999 fine gold. The content of this Gold coin is guaranteed that the words 1 OZ .9999 PURE GOLD are written on the bottom of the coin. In terms of fineness of the gold, the American Buffalo is one of the purest gold coins ever to be minted in the U.S. The gold for this bullion, as per law, is only taken from American mining sources.
The design of the American Buffalo Gold coin came from the images originally designed on the buffalo or Indian head nickel by James Earle Fraser in 1913. The front of the bullion coin has the face of a Native American while the back of the coin has a buffalo standing on a mound of dirt. Legend has it that a few different Native Americans posed for Fraser until he got it exactly as he wanted it to look. He also is said to have had someone distract the buffalo to prevent the buffalo from looking at him while he was drawing. Regardless of the legend, the designs are historical and continue to be favorites of the public.
Advantages of Having a Gold Bullion Coin
When purchasing gold coins, it may be advantageous and beneficial to make sure they are bold bullion coins because they have certain guarantees that you’ll want if you’re using them for investment purposes. For instance, when they’re United States Mint gold bullion, the United States Government will guarantee their content, weight and purity so you know what you’re getting. Many people collect and save bullion coins to be used in their Individual Retirement Accounts. In that respect, owning a gold bullion coin is the same as owning a paper bill of the same face value.
About the Author
Rachel Barr
Peeling Back the Layers of the Golden Ponzi Scheme
Gold sales are soaring. More than 200,000 ounces of gold and three million ounces of silver were sold by the U.S. Mint in May. With a week left to go, gold sales are on pace to double the previous 2010 monthly high set in April.