Some gold investors hear the term “overseas coins”, and are immediately turned off by the concept, since European coins simply don’t generate a hotbed of investment activity here in the United States, and pre 1933 rare coins like $20 Lady Liberty, and $20 Saint Gaudens coins are far more valued. The vast majority of these 22-karat, one-ounce gold coins were confiscated from U.S. citizens and subsequently melted in 1933, and in following years. The U.S. gold confiscation was implemented to restore strength to a fledgling dollar, and faltering banking system, forcing Americans to sell their bullion back to the government for $20 an ounce, and then raising the price of gold to $35 an ounce.

Even though millions of one-ounce, $20 Lady Liberty, and $20 Saint Gaudens gold coins were destroyed, many of these coins found their way into European bank vaults years before the U.S. gold bullion confiscation of 1933. Today, surviving pre 1933 rare coins are deemed to be irretrievable through a second possible U.S. bullion confiscation, which is one of the reasons why they are widely considered to be one of the best means of long-term wealth storage. Pre 1933 Double Eagle coins contain almost a full troy-ounce of pure gold, but their numismatic value appreciates more dramatically than the current gold spot price over long periods of time.

Prospective investors who wish to avoid paying retail prices for their pre 1933 rare coins are encouraged to contact one of our friendly specialists. These highly experienced gold investment experts can answer your questions about current market conditions, as well as offer institutional discounts on bullion, and certified rare gold coin to household investors like you.

Shawn Penny