While purchasing physical gold in any form is a great investment, some pieces of gold are worth more than others. Gold coins that were minted in the United States before 1933 tend to hold more value than other gold pieces. At Capital Gold Group, we offer pre-1933 gold coins for our investors to add to their portfolios. Let’s take a closer look at pre-1933 gold coins and why they are more valuable than other gold investments.
Advantages of Pre-1933 Gold Coins
In 1933, President Franklin D. Roosevelt signed an executive order mandating that gold owners trade all but five ounces of their gold to a Federal Reserve Bank in exchange for paper currency. This order was given in an effort to help banks recover during the Great Depression. The executive order remained in place until 1974. As a result of this order, it is estimated that only 1% of the original coins minted before 1933 still exist today. While the value of most pieces of gold bullion is based solely on weight, the scarcity of pre-1933 gold coins lends them an added value.
Varieties of Pre-1933 Gold Coins
There are several different gold coins created before 1933 that you can still find today. Gold coins with values of $1.00, $2.50, $5.00, $10.00, and $20.00 were minted according to the value of gold and the dollar at the time. Unlike modern coins, gold coins are minted with their true value, meaning that $5.00 coins were made with $5.00 worth of gold. As a result, the coins with the highest face value, the Liberty Head $20.00 coin and the Saint-Gaudens $20.00 coin, contain the most gold and are worth the most today. However, coins of smaller denominations still have added value due to their scarcity.
We offer a variety of pre-1933 gold coins that you can use to build your portfolio. To learn more about investing in gold or about pre-1933 gold coins, call Capital Gold Group today at (800) 510-9594.
The representatives at Capital Gold Group are not financial advisors and the information provided in this blog should not be considered financial advice. The past performance of gold investments is not indicative of potential future gains.