Gold Coins
Are you looking into investing in gold coins?

Gold Coins

If you are looking for an investment as a gift or to add to your own investment portfolio, gold coins may be an option. Many people like to invest in gold coins because of it being a tangible asset (meaning you can actually hold them in your hand) and to provide diversity to overall investing objectives (Gold coins increase in value during times of economic inflation, ).

Two Types of gold coins to consider: gold bullion coins and rare gold coins
The weight of gold bullion coins determines its value. The value of gold bullion fluctuates every day based on the prevailing value of gold in the precious metals market. The value of a gold coin is subject to change daily as well. For example, lets say you have a gold coin that weighs 1 ounce. If the value of gold in precious metals markets is $500 an ounce, then your coin is worth about $500. The price of a gold coin typically includes a moderate sales charge by the dealer who sells the gold coin. The value of a rare gold coin is based on how much it weighs as well as its value to individual collectors. If a particular gold coin is highly sought after by a collector, its value will increase depending what the collector is willing to pay for it.

Where can I buy gold coins?
Gold coins can be purchased from coin dealers, precious metals firms as well as individual investors. Whomever you decide to buy rare gold coins from, the coins should be accompanied by a letter of authenticity documentation from an independent coin grading service. Such documentation prevents a would be buyer from buying fake / counterfeit gold coins. Two well known grading firms are the Numismatic Guaranty Corporation (NGC) and the Professional Coin Grading Service (PCGS). When comparing comparable coins between different dealers, make sure each coin you are considering is graded by the same service.

Do you need thousands of dollars to invest in gold coins?
No. There are gold coins worth several thousands of dollars, but gold coins can be purchased for under $100. The exact price is determined by the prevailing market value of gold and the weight of the coin. For example, if gold is currently worth $500 an ounce, you can purchase a 1/10 ounce coin for $50-$70, depending on sales markups by individual dealers.

Where can I spend a gold coin?
The U.S. Mint produces gold dollar coins that are an accepted form of currency at many retail stores and restaurants. These coins are worth their face value. A $1 gold dollar coin could be used to make a $1 purchase. Rare gold coins and gold bullion coins are of greater value, and are intended to be used as an investment, not for making daily purchases.


Latest Gold Coin News
March 16, 2007
Odyssey Marine Exploration said Friday that it lost $19.1 million, or 41 cents a share, in 2006 because of declining sales, prices and volumes of silver and gold coins.


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Other Credit Unions:

Credit Union News:

St. Jean's Credit Union in Lynn robbed
The Daily Item - Feb 8, 2008
LYNN - Police are investigating the robbery of the St. Jean's Credit Union at the corner of Western Avenue and Franklin Street that occurred shortly before 5 p.m. Thursday..

Full Story: http://www.itemlive.com/articles/2008/02/08/news/news08.txt

Fort Mill man convicted in pipe-bomb scheme
The State - Feb 2, 2008
An 18-year-old Fort Mill man has been convicted for his role in a scheme to plant pipe bombs at a Charlotte school to provide a diversion while a group of men robbed Founders Credit Union. Steven Michael Eddington was convicted Thursday of conspiracy to rob a bank, possession of explosive devices and other charges, Assistant U.S. Attorney Kevin McDonald said. Eddington’s father, Timothy Wayne ...

Full Story: http://www.thestate.com/local/story/305620.html

Credit Unions' Help for Low-Income Tax Filers is Part of Larger Effort to Offer Alternatives to Predatory Financial...
PR Newswire - Feb 04, 2008
Wisconsin credit unions are hoping that their help for low-income tax filers this year will flow more unbanked Wisconsin consumers into the financial mainstream, where they will receive fairer pricing for services and -- beyond that -- help to gain a stronger financial footing.

Full Story: http://news.yahoo.com/s/usnw/20080205/pl_usnw/credit_unions__help_for_low_income_tax_filers_is_part_of_larger_effort_to_offer_alternatives_to_predatory_financial_practices_t


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