As an honor for the hard work and the exceptional service shown by many members of our armed forces, U.S. military challenge coins are often given. Receiving this special token of appreciation is an honor that is remembered a lifetime. Although the coins are often given by commanding officers, they may be given by one soldier to another as a token of the time they have spent together and as an acknowledgement of the bond they share.
Big time investors opt for these coins as their financial insurance due to the fact that these have been established as a medium of monetary exchange in most countries. Thus, gold possessions of a certain country determine her wealth. How can you invest in these coins made entirely of gold? Your life will be secure if you own these coins and nobody or nothing can hinder you from aiming to own as many coins as you can fairly afford. It must always be borne in your mind that precious metals like gold are believed to have dual personalities. The first personality includes its long- term historical values and short- term price performance. For the past decades, its value has constantly been increasing. The second personality involves tending to vary often or widely.
I entered into the world of American rare coins from the investor background, but quickly became a numismatic. I’m now a little of both, collector and investor. A hybrid so-to-speak.
In going after a piece of the $2.4 billion .9999 fine gold bullion coin market, the Mint needs to consider the mindset of bullion coin investors. Bullion coin investors seek alternatives to paper money; they are not coin collectors. Bullion coin investors prefer coins packaged so that they can be easily stored and secured.
However, you should be aware of the fact that all coins are not profitable. If you are collecting a common variety of coins, then you will not be able to sell one at a decent price. Only rare coins are in demand and they can be sold for a good rate. Moreover, you can even collect graded coins as the value of these coins will get you much more in the market as compared to other coins. This is simply because people are more interested in buying graded stuff, as they can be assured that the coin that they are purchasing is an authentic one.
The number of the gold or silver coins minted is another factor which influences the coins values. Gold and silver custom coins cheap that have millions of copies usually have lesser value than coins that only have a couple hundred copies.
Although gold coins were already in the works, the California Gold Rush put added pressure on the United States government to come up with more gold coins. Lady Liberty, the symbol of America’s fine past, was selected for the honor. Designed by James B. Longacre, the Liberty Head was the nation’s first $1 and $20 gold coins.
Minted between 1854 and 1889, this coin was created so people could buy a sheet of 100 stamps, each stamp costing $0.03. On one side is the head of an Indian princess; on the other side is a wreath of corn, cotton, wheat and tobacco. Less than 10,000 of these coins were struck and of those, few remain today.