While the above factors contribute to the value of your coins, far and aside, the number of coins minted ( normally referred to as such â€œmintageâ€ ) has the greatest determine factor when evaluating the measure of your coins.Â For example, a 1933 $ 20 St. Gaudenâ€™s gold mint and a 1943 copper penny are both valued well in excess of $ 1,000,000.Â The reason for the astronomic value of these coins has to do with governmental policies and the position in which the United States found itself at that point in time.Â In 1933, under FDRâ€™s presidency, Congress passed a law making it illegal for citizens to own gold coins, with the exception of collectible or numismatic coins.Â Most of the gold coins that were minted in 1933 were melted or destroyed, but a few made their means outside of the U.S. Mint, possibly making this the most valuable mint in being. Â For history buffs, we were in the middle of World War II in 1943.Â To ensure that we had sufficient supplies for ammunition, Congress authorized the use of steel to mint pennies, as copper was a valuable commodity at the time.Â As with the 1933 St. Gaudenâ€™s $ 20 gold coin, a few of these coins made their way outside of the walls of the U.S. Mint, making them extremely valuable. The death major factor in determining the rate of your coins is the underlie metallic element of the coins.Â Any gold, silver, platinum and palladium coins, regardless of the year, if they were issued in the U.S., a foreign nation, or are abject timbre senior high school coinage coins, are worth the value of the underlying metal.Â As of this write, gold is at or near its all-time high, silver is at or near a 31 class high, and platinum and palladium are highly valued relative to the historic average price per ounce of these metals.Â If you have any coins that you believe contain gold, silver, platinum, or palladium, take them to a reputable coin adept, such as Atlanta Gold and Coin Buyers, to have them properly evaluated and appraised. We hope that our readers will find the above information helpful, and we welcome you to contact us at 404-236-9744 or via e-mail at sales @ atlantagoldandcoin.com if youâ€™re concern in buying or selling gold, eloquent, platinum, palladium, collectible or numismatic coins.Â We besides purchase these metals in early forms, such as in the class of bars, rounds, ingots, bullion, jewelry, sterling silverware and flatware, thus donâ€™t hesitate to contact us regardless of the form of your valuables.Â We thank you in progress for your retainer and look ahead to earning your commercial enterprise !
Category : Finance
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