20 Dollar Gold Coins
20 dollar gold coins are very popular, and easily accessible on the internet. There are plenty of websites that have information about these coins. This does not mean that these coins are the absolute best gold coins investment. The best coins to invest in are gold bullion coins because they sell at lower premiums, have little chance of being overpriced and have a high purity level of gold.
The market of bullion coins is also bigger so you won’t be lacking any buyers when you want to sell them. If you are a new investor in coins you should get to know all about gold bullion coins before you decide to buy 20 dollar gold coins. The 20 dollar coins are also called Double Eagles and were used as a medium of exchange in USA up to 1933 when President Roosevelt recalled them during the Great Depression.
There are other popular US gold coins available in 10, 5, 2, 1 and a half dollar pieces. These coins are available in both Liberty as well as Indian Head types. Other names for these coins are Eagle for the 10 dollar coin, Half Eagle for the 5 dollar coin and Quarter Eagle for the 2-1/2 dollar coin. These coins are no longer used as currency but are available as a means of investing and making some returns.
One may ask the question when is the best time to buy gold coins. The prices of the 20 dollar gold coins are valued through the spot price of gold. There are times when these coins are sold at a high premium above the spot price of gold. At such a time you should hold off on investing in gold as it will likely result in a loss for you. The best time to buy gold coins is when they are sold at spot price or at a low premium barely above the spot price.
In the early part of the 1980s the 20 dollar gold coins were selling at spot price. This was the same case in the late 1980s and early 1990s. The case was different in the mid-1980s as well in the later half of 1990s when these coins were priced at a premium. Since the year 2000, the coins have been favorable to investors as they have been trading at spot price.
Before any investor makes a purchase of 20 dollar gold coins, it is important that they do an analysis of the premiums of the coins. You can search on the internet for more information about this. The 20 dollar gold coins and the St. Gaudens were minted by the US mint between 1850 and 1933. These coins were the largest coins to have been minted in this mint.
They measure 34mm across the diameter and are an alloy containing .90 gold and .10 copper. Each of these coins contains .9675 ounces of gold. The edges of the 20 dollar gold coins are milled while those of the St. Gaudens are lettered. By searching the internet you can find dealers who sell the coins at a fair price. Make sure that the price at which you buy the coins is at the spot rate or just above at a small premium.
If you’re interested in either buying your own set of these coins, or learning more about investing in gold, you can place a few contact details into the form on this page and you’ll receive a free gold investment kit to help you learn more about these investments and their benefits.