People who invest in gold by buying gold coins usually purchase the circulated versions individually. They buy circulated American Eagles, South African Kruggerands, and Gold Double Eagles from different years in order to build their collections. However, they often do not consider buying proof gold coins. Investing in a gold proof coin is a great way to buy gold coins that carry a high value.
A proof set is a complete set of proof coins of each denomination made in a given year. A proof is a coin that has been specially produced. It is made from highly polished dies and metals and is often struck twice in order to clearly accent the designed. There are proof sets of coins produced by the U.S. Mint every year and these can be purchased online. The 2009 proof set contains 18 coins and retails for $29.95 from the U.S. Mint.
American Eagle proof type of gold coins are very popular proof coins. This is a version of the bullion coin that has been produced with investors and coin collectors in mind. These coins are the product of a specialized minting process that includes multiple striking. The coin is sealed in plastic casing to protect it from fingerprints and dust. The U.S. government guarantees the gold content, purity, and weight of these proof coins. The one ounce type of coin has a $50 value and contains one gold troy ounce in its composition.
The first spouse gold coins are offered in a proof version and these are made from one-half of an ounce of .9999 fine gold. Each coin has a value of $10 and includes the image of one of the country’s first spouses. The 2010 coins will feature the images of Jane Pierce, Abigail Filmore, Mary Todd Lincoln, and Buchanan’s Liberty. For comparison pricing, the 2009 Letitia Tyler first spouse coin retails for $766.
There are many ways to invest in gold and buying gold proof coins is just one. Those who enjoy collecting these coins may decide to invest in silver by buying silver proof coins. The investor can amass quite a valuable collection by doing some research and making wise purchases.