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| For the first time since the early 1990s, USAGOLD / Centennial Precious Metals is again recommending client purchases of the gold and silver numismatic coins shown above (and listed below). Unlike gold bullion and pre-1933 European gold coins which are purchased primarily as portfolio insurance items, these collectible items are purchased and held in anticipation of capital gains. They serve as a complement to your gold holdings and should not be considered a proxy for the ownership of either gold bullion or pre-1933 European gold coins. Please contact your USAGOLD representative for details and consultation (8am to 6pm, US Mountain Time). |
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Quantity discounts are available. Call for details. Trades welcome. We offer a convenient program converting bullion or European gold coins to the items recommended above. We re-purchase only coins originally sold by USAGOLD / Centennial Precious Metals. All coins graded by the Professional Coin Grading Service (PCGS) or Numimatic Guaranty Corp. (NGC) Cautionary note: The rare coin market can be very volatile both on the upside and downside. We therefore recommend a holding period of at least three years. "The provisions of the Gold Reserve Act of 1934 and the Executive Orders and banking laws of 1933, which originally demonetized and confiscated all outstanding gold coin in the United States, prohibited the individual possession of gold bullion (or any other recognizable use of gold as a store of value). However, they ... permitted the retention of gold coins of "recognizable numismatic value." Failure of the original legislation to define adequately what constituted recognizable numismatic value caused considerable confusion for some years, but in general, the parts of the gold regulations concerning numismatics were not rigidly enforced - at least not to the point of harassing collectors of gold coins. In 1954, the Treasury Department recognized at last that the time had come to legitimize the numismatic gold market. Consequently, an amendment was made to the Gold regulations, to the effect that all gold coins minted prior to 1933 would subsequently be presumed to be rare and of recognized special value to collectors, without the necessity of further specific determinations by the Treasury. Coins minted after 1933 were still subject to specific Treasury Department rulings, which were to be base on the advice of the Curator of Numismatics of the United States National Museum. All U.S. gold coins and the vast majority of foreign gold coins were thus freed from the overhanging threat of confiscation..." |
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 Centennial Precious Metals Gold coins & bullion since 1973 Denver, Colorado 80246-0009 We educate first-time investors! |
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