| This is better than bullion...
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Renowned coin expert Dana Samuelson gives us a report on the red-hot bullion coin market — and highlights a rare opportunity.
| | | | | Editor’s Note: I’ve known Dana Samuelson since my first day in the metals industry, and I trust him not only with my business, but that of all my friends and family as well.
But Dana is more than trust-worthy — he’s also one of the top U.S. coin market experts in the world, and recently served as the president of the prestigious Professional Numismatists Guild.
No one is more in tune with what’s happening on the ground in the coin market, so as word reached me of an overwhelming rush for gold and silver bullion coins, I asked Dana to give us a quick report from the front lines.
He did so with the following note, and included a rare opportunity — an historic, “better than bullion” U.S. gold coin — that just emerged.
— Brien
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The Gold (And Silver) Rush Continues
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The physical gold and silver market is absolutely crazy right now…and you’d think we’d be used to it by now.
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You see, demand for gold and silver bullion surged dramatically in March of 2020 following the Covid-19 lockdowns, and it has not let up since.
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We thought demand would slack as the Covid concerns began to ease in earnest. But then inflation reared its ugly head and, as you all know, has continued its relentless surge to the highest level in 40-years.
Adding fuel to the fire, the Russian war in the Ukraine is fundamentally deeply inflationary for both food and energy because both nations are significant cumulative exporters of oil, natural gas, wheat and fertilizer. In fact, supplies of physical gold and silver have tightened dramatically over the last month because of the war. The physical silver market is back in a full-on silver squeeze, with demand not only overwhelming on-the-shelf supplies, but also the monthly production capacities of the various world mints and refineries.
While gold supplies have not been a problem…yet…indications are that we may be headed that way.
The normally reliable Royal Canadian Mint has become backlogged on their popular one-ounce Canadian gold Maple Leaf coins, a situation that hardly ever happens when demand surges and supplies get tight.
This situation for silver in particular has stretched delivery times, when product is even available, to weeks or more and sent premiums (the price above a coin’s gold or silver melt value) rising.
And this, in turn, has frustrated investors looking to secure quality silver bullion coins at acceptable prices. While gold remains reasonably priced, gold backlogs at the Royal Canadian Mint could be a leading indicator of gold supplies tightening significantly. When this did happen with gold bullion coins in 2009, premiums for vintage U.S. gold coins exploded higher.
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In the midst of the storm, however, some rays of hope — and opportunity — occasionally emerge.
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At my firm, American Gold Exchange, we’ve just run across one such opportunity: a small cache of slightly circulated, AU condition, pre-1908 US $20 Liberty gold coins.
These coins are always an exciting and fascinating opportunity, for a number of reasons and advantages that I’ll detail below. But this opportunity gets better because, thanks to my long friendship with Brien Lundin, I’m going to offer to Golden Opportunites subscribers a special $40 discount per coin off of our normal market pricing.
But first, let’s take a look at these classic U.S. Liberty Double Eagle gold coins.
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These hefty, nearly one-ounce gold coins (.9675 oz per coin) were workhorse coins of commerce back in the day when gold was currency.
While millions of Liberty Double Eagles were minted between 1877 and 1907, most have not survived the ravages of time. Today, survivors are a tiny fraction of what was made over 115 years ago.
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These are true pieces of the United States golden legacy that can offer modest leverage to their underlying gold content due to their relative scarcity. Unlike modern bullion coins, they simply aren’t making any more Liberty Double Eagles.
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And with pricing today at just $50 to $75 per coin over modern, common one-ounce gold bullion coins like the U.S. Gold Eagle or the Canadian Maple Leaf, these vintage gold coins are an excellent alternative for investors who want to own gold.
One key advantage is the privacy they offer, with no 1099-B reporting requirements when you sell. And as collector pieces of historical significance, these vintage coins have been historically exempt from confiscation. Granted, this is something that we do not believe will happen, but it has happened before and is therefore a potential risk some investors do consider.
If you want to add to your physical gold holdings, these pre-1908 AU $20 Liberty Double Eagle gold coins are an excellent way to do so, giving you the added benefits of leverage, privacy, and protection that modern bullion coins simply don’t offer.
To order please call 1-800-613-9323 and our account managers will be happy to help you. (And be sure to mention that you’re a Golden Opportunities reader to get our special discount!)
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Dana Samuelson
CEO
American Gold Exchange
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