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March 04, 2014

A World of Coins

The Krugerrand was introduced in 1967 as a vehicle for private ownership of gold. Unusual for bullion coins, the Krugerrand was given the status of legal tender or currency. To this end, it was minted in a more durable copper-gold alloy. Despite the coin's legal tender status, economic sanctions against South Africa for its policy of apartheid made the Krugerrand an illegal import in many Western countries during the 1970s and 1980s. These sanctions ended when South Africa abandoned apartheid in 1994.
By 1980 the Krugerrand accounted for 90% of the global gold coin market. That year South Africa introduced three smaller coins with a half ounce, quarter ounce, and tenth ounce of gold.
Krugerrand coins containing 46 million ounces of gold have been sold.

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February 18, 2014

A World of Coins

Gold or Silver? Both silver and gold are monetary metals, i.e., they both benefit from monetary demand. (Monetary demand is also called “investment” demand. It is demand for silver as silver, and as an ingredient making something.) Most analysts miss silver’s monetary demand because they focus on silver’s use in industry. Certainly, since silver was politically demonetized beginning in the mid 1870s a vast amount of purely monetary demand disappeared.

Today, most silver is used in fabrication, roughly split three ways among silverware and jewellery, photographic, and other industrial uses. But when confidence in central bank issued fiat money begins to fade, when fear strikes investors’ hearts, they run not only to gold, but also to silver. Especially in America.

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February 04, 2014

A WORLD OF COINS

Austria's mint is running 24 hours a day to meet orders for gold coins, joining counterparts from the US to the UK to Australia in reporting accelerating demand boosted by the bear market in bullion.

Austria's Muenze Oesterreich mint hired extra employees and added a third eight-hour shift to the day in a bid to keep up with demand. Purchases of bullion coins at Australia's Perth Mint rose 20% this year through January 20 from a year earlier. Sales by the US Mint are set for the best month since April, when the metal plunged into a bear market.

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January 21, 2014

A World of Coins

The holiday season was in full swing in Houston this past year, as the Salvation Army had reported that it has received their second gold coin at one of their red kettle sites, this one at a Walgreen's location near The Galleria. Coupled with the new wintry blast into the city, we're in the midst of a emotional holiday deluge.

The 2013 Lady Liberty one-ounce gold coin was found wrapped inside a dollar bill at 6360 San Felipe, along with a note featuring a Bible scripture: "Thanks be to God, for His indescribable gift! –Jesus Christ– 2 Corinthians 9:15." The first gold coin donated this week was a 1980 South African Krugerrand. It was found Tuesday at the Salvation Army red kettle at Sam’s Club on 5310 South Rice Avenue. It was also wrapped inside a one-dollar bill with a note attached. The current market value of the coin is upwards of $1,250.

"Last year the Salvation Army received six gold coins in all," according to Sybil Sanchez, Salvation Army media relation’s manager. She said the coins come each year from kettles all over the Houston area.

The Salvation Army sells the coins after they are received, with proceeds going back to help the needy. The Salvation Army practice of using red kettles to raise money over the holidays goes back over 100 years.
Gold coins being dropped into Salvation Army kettles, the ones usually accompanied by a staffer ringing a bell, began in the early 1980s, with an anonymous donor dropping on in a kettle in a Chicago suburb.
Since then, it has been a common occurrence each holiday season for the coins to be found amongst other wadded up bills and pocket change. Sometimes the coins are wrapped in checks made out to the Salvation Army for large sums of money.

 

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January 07, 2014

A WORLD OF COINS

The IRS comes looking for its cut no matter what you buy and sell. The only difference is whether it taxes your profits as capital gains or as income. If you are buying and selling gold as an investment, you must normally pay long- or short-term capital gains taxes, depending on whether you owned the gold longer than a year. If you are a retail buyer and seller, you fall under dealer rules, and you will normally be taxed as income. If you are buying and selling collectibles as a hobby, you will be taxed at the collectibles rate of 28 percent. However, there is one circumstance that allows Americans to buy and sell an unlimited amount of gold without a tax consequence: The self-directed Roth retirement account.

Most of us associate IRAs and 401k plans with stocks, bonds, annuities and mutual funds. But there's no law against taking your retirement accounts and buying gold. As long as you don't buy and sell from relatives or entities you own, the gold you buy and sell comes in certain forms and you don't take physical possession of the gold, you can hold it in a self-directed IRA, SIMPLE, 401k or SEP IRA account.

Roth IRA, Roth 401k, Roth SIMPLEs and ROTH SEP contributions are made with after-tax dollars, so the IRS allows assets within your Roth account to grow tax-free. There are no required minimum distributions, no income taxes and no capital gains taxes on assets you sell from your Roth account for the rest of your life, although estate taxes may still apply on Roth assets when you die.

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December 17, 2013

A World of Coins

Gold Market Strengths
The implementation of the Volcker Rule over the next two years is likely to reduce big banks’ dealings in gold and silver for their own speculative purposes. The Rule prohibits banks with federally insured deposits from trading activities undertaken for their own benefit, such as proprietary trading. In theory, the new rule should prohibit banks such as Goldman Sachs and JP Morgan from trading in gold forwards, futures and options contracts, except on behalf of customers. The new law shoud result in gold and silver fundamentals taking a greater role in price determination, as speculative trades are reduced.

The dollar will no longer be among the best performing currencies in 2014, according to Thomas Stolper, Goldman Sachs’ Chief Currency Strategist. Stolper, who correctly predicted this year’s dollar weakness against the euro, is challenging the strong consensus built around a stronger dollar next year. According to Stolper the dollar will continue to weaken, as any Federal Reserve tapering will be offset by interest rates being kept at about zero. In addition, Stolper is of the opinion that tapering is already priced in, and there seems to be no other source of dollar strength in sight. The dollar strength talk and expectation of higher interest rates has weighed heavily on gold and commodity prices throughout 2013, and a reversal in consensus will likely result in gold strength.

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December 03, 2013

A World of Coins, we buy Gold

Is Silver a Better Investment than Gold?

Precious metals investors often ask, “Should I invest in silver or gold?”

First, silver has always produced a greater percentage increase during precious metals bull markets. In some precious metals bull markets, silver has tripled in price while gold has doubled. In some moves, silver rose four times while gold doubled in price. Additionally, silver has more industrial applications than gold does, with more uses being developed.

Industrial uses provide an underpinning to the price of silver. So great is the industrial demand for silver that mine production and secondary recovery have fallen short of industrial demand since 1990. According to CPM Group, a New York metals consultancy, between 1990 and 2003 new production and secondary recovery fell 1,899.9 million ounces short of meeting industrial demand. Add in the silver used for coinage, and the 1990-2003 overall deficit swells to 2,214 million ounces.

Not only has production and secondary recovery failed to meet demand each year of the last fifteen years, but also aboveground supplies are critically short. Some analysts say that supply will fall far short of meeting demand over the next decade, and that much higher silver prices will be the result. According to accepted statistics, more gold rests in the vaults of the world’s central banks than there is aboveground silver.

The drop in reported silver holdings around the world shows just how much the production deficit has eaten into aboveground supplies. In 1995, Comex stocks stood at 260 million ounces; today Comex stocks are struggling to stay above 100 million ounces. In 1991, estimated silver inventories in London and Zurich were 350 million ounces; today that number is closer to 50 million ounces. In 1980, world governmental silver stockpiles totaled some 325 million ounces; today, few governments hold any silver.

Finally, many people think first of gold when the subject of “hard money” arises. Yet, more people have used silver for money than have used gold. In something like fourteen languages, the words for silver and money are the same. In the United States, gold coins ceased to circulate as money with Roosevelt’s 1933 call-in. However, the U.S. Mint continued to turn out silver coins until 1965.

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November 19, 2013

A WORLD OF COINS

In today's uncertain economic times adding gold to your portfolio is a recognized diversification strategy. It can serve as a potential hedge against inflation and a declining dollar.
In times of crisis, gold is the safest investment that also has the greatest potential to increase your wealth.
Gold is a completely private and anonymous investment that is also extremely portable.

When you need cash fast, one of the best ways to get it is by selling items of value to a reputable company, A World of Coins, we offer you top dollar. However, even though you need the money quickly, it doesn't mean that you'll want to settle for any buyer’s price - you want the BEST price for your items.

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November 05, 2013

Denver A World of Coins

A World of Coins has purchased coins, currency, gold, and silver from thousands of satisfied customers in the Denver area. Our professional staff brings years of combined full-time professional experience to every transaction. As one of the area's top full-time coin and bullion trading companies, we are active buyers of all forms of collectibles, coins, currency, gold and silver.

Make certain you offer your coins to a full-time numismatic professional that has roots in the area. If you have a valuable collection, you owe it to yourself to receive our no obligation offer. You'll be glad you did.

You'll find A World of Coins to be open and honest in our pricing. We will happily share market information with you and we will gladly answer any questions you may have. Better date and higher-grade coins will be worth very substantial premiums. Please be aware that for a proper evaluation, your coins need to be reviewed by a numismatic professional.

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October 17, 2013

A world of Coins, Littleton, CO.

Treasure Hunters Find Gold Coin Trove Off Florida

In July of 1715, a fleet of 11 Spanish ships departed from Havana, Cuba. A hurricane struck on July 31, and all the ships sank. Fast forward 300 years, and 48 gold coins from the fleet have been discovered off the Florida coast.

Brent Brisben, who owns the shipwreck salvage company 1715 Fleet – Queens Jewels LLC, discovered the coins with a four-member crew as part of his excavation quest Saturday. A half-hour into their quest, the crew was only 100 feet away from the shore when they discovered the coins.

“It’s something I will never forget,” Brisben told ABC News. “To be one of the first person to touch these things in over 300 years is amazing.”

Brisben’s company is responsible for salvaging items from the shipwrecks. He said six of the 11 ships have been discovered.
Brisben is estimating the value of the coins at $250,000, but says his archaeologist has to come in and provide the full value. He estimated that each coin is worth $4,000 to $5,000. The oldest one dates back to 1697, and the newest one 1714, he said.
Brisben plans to sell the coins to collectors. But he said Florida is entitled to 20 percent of the haul, and he needs to see what they want to take.

Mary Glowacki, the chief and state Archaeologist of the Florida Bureau for Archaeological Research, did not return calls for comment.

During the summer, Brisbenand his crew leave the docks at 6:30 a.m. and come back after sundown. He can only look for items in the summer, he explained, because the water has to be calm and flat, conditions which really only happen during the summer months. He spends the winter months conserving and documenting the artifacts.
In 2010, Brisben and his crew discovered a bronze cannon filled with 50 gold coins and 40 silver coins that were valued at half a million dollars. That same year, they found an “extremely rare” gold artifact appraised at $885,000, which the company sold to a private collector in San Francisco.

Brisben previously owned a real estate business, but has operated the salvage company since 2010. He also told ABC News his company is filming a reality show about treasure hunting.
 

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