Peace dollars minted from 1921 to 1935
Silver dollars bear relatively large premiums over their actual silver content. Of the three types of silver dollars the pre-21 Morgans are by far the scarcest and most popular. As a result they cost more than either the 1921 Morgans or the Peace dollars. The 1921 Morgans and the Peace dollars are both readily available; however the 1921 Morgans sell at slightly higher prices than Peace dollars of equivalent grades. Gold the ancient metal of kings
When it comes to accumulating gold there is no right or wrong way to go. There are no set criteria or established protocols for success. But there are a few different paths one can take so let’s take a look.Gold bullion
A gold bullion coin or bar is always valued by its weight in gold. In other words bullion coins and bars are sold based on the current market price of gold plus a small premium. Unlike numismatic or commemorative coins, which are valued by limited mintage, rarity, condition and age, bullion coins are purchased by investors seeking a simple and straight forward way to own and invest in gold.American Eagles, our favorite gold bullion choice
American Eagles are our favorite choice for bullion purchases and are available in four denominations: one ounce, one-half ounce, one-quarter ounce, and one-tenth ounce. American Eagle bullion coins are not sold to the general public directly from the United States Mint due to fluctuating prices. Rather, they are available through a network of distributors, like us.
Authorized by the Bullion Coin Act of 1985, American Eagle gold bullion coins quickly became one of the world's leading gold bullion investment coins. Produced from gold mined or minted in the , American Eagles are imprinted with their gold content and legal tender "face" value. However, the face value is largely symbolic since their market value has historically been much higher.
American Eagles are fashioned with 22 karat gold. This standard was established for circulating gold coinage over 350 years ago. They contain their stated amount of pure gold, plus small amounts of alloy. This creates harder coins that resist scratching and marring, which can diminish resale value.
Minted to exacting standards, the obverse (front) design is inspired by what's often considered one of America's most beautiful coins: Augustus Saint Gaudens' $20 gold piece, the Saint Gaudens, minted from 1907-1933. The reverse design features a nest of American eagles, symbolizing family tradition and unity.
What truly sets American Eagles apart is that they are the only bullion coins whose weight, content and purity are guaranteed by the government. Investors can buy them with confidence, knowing the coins contain their stated amount of gold. In addition, long-term savers can include American Eagles in their Individual Retirement Accounts (IRAs). Contact a Miles Franklin at 1 (800) 822-8080 representative for information on putting precious metals in your IRA.Other bullion coins
The South African Krugerrand, the Canadian Maple Leaf and the Austrian Philharmonic are amongst the most popular bullion coins. Like the American Eagle, these coins track dollar for dollar with the world gold spot price and are easy to buy, sell, and trade. Like all bullion coins the values are non-subjective, therefore tracking the value of these coins is very easy.European bullion coins
There is nothing wrong with European gold bullion coins, but there are some things to consider. By in large, European coins are simply bullion coins. Even though in many cases these coins are over 100 years old, they do not have genuine numismatic potential. Secondly, European coins contain irregular amounts of gold such as .1244 oz, or .1867 oz. or .3734 oz. and do not have their gold content stamped on them, making them more difficult to trade. Most of our customers prefer coins stamped in English, the European coins are stamped in the languages of the countries of origin, not in English.
American Eagles, Canadian Maple Leafs and Krugerrands all have the gold content stamped on them in English and come in sizes that you and I are accustomed to dealing with.numismatics: The other gold coin
Prior to 1933, gold coins served as money in this country. However, in his first “official” act in office, President Franklin Roosevelt declared a banking “holiday” and issued the order to confiscate gold. (For a detailed discussion on why we like the Double Eagles and on the topic of confiscation, see our reports: BULLETPROOFING YOUR GOLD PORTFOLIO: THE CASE FOR DOUBLE EAGLES, and THE WHITE PAPER ON GOLD. Many of our clients have already received these “timeless” reports, but if you are new to Miles Franklin, please call us at 1 (800) 822-8080 if you would like copies.)
The Double Eagle as it is often called is the generic name for the two best known old US gold coins: the $20 Liberty (1850-1907) and the $20 Saint Gaudens (1907-1933). Other popular old gold coins are the $10, $5, $2 ½, and $1 coins, both the Liberty type and the Indian head type.
Compared to the new bullion coins, such as American Eagles and Canadian Maple Leafs, old US gold coins offer a greater profit potential, more privacy and protection against governmental confiscation.
We recommend that when you buy uncirculated gold coins, make sure that they are third- party graded, sealed and certified by either PCGS or NGC. In the uncirculated grades, we prefer the MS/60, MS/61, MS/62 & MS/63 grades. Any coin graded “60” or higher (61, 62, 63, etc.) is referred to as being in Mint State (MS) or uncirculated condition. In other words, the coin looks as new as the day it was made, with 100% of the design and lettering intact. The higher the grade, the fewer scratches, nicks and other minor imperfections the coins have. All of them are still uncirculated; it’s simply an eye- appeal issue. As noted above, we prefer the grades of MS/60 through MS/63, because they have much smaller premiums than the higher grade coins. We also sell numerous circulated gold coins in the grades of XF and AU. All of the coins we recommend have one thing in common: Most of the value is derived from the amount of gold they contain, not on their scarcity or condition. In our current “deflationary” economy, we frown on the higher grades, like MS/64, MS/65 that our competition promotes. In “hard times” people will be better off if they own lots of lower graded coins rather than a few “pretty” or “scarce” dates. In hard times, it’s quantity over quality.
We can help you obtain a “collection” composed of different dates, mint marks and denominations. We are especially fond of the $20 Saint Gaudens, the $20 and $10 Liberty coins. Of all the old gold coins, they alone offer the most gold for your dollar. We always do our best to diversify the dates and mint marks for you because it’s the best way to avoid confiscation in the future. The 1933 law that legalized the confiscation of gold exempted coin collectors from the recall. This is a very good reason for you to build a “collection.” We will use only the most “common” dates so you will not have to pay a high and unnecessary premium for the diversification. Of course, at some point, you will have to duplicate dates and/or purchase more costly dates if you wish to expand your “collection.”
We are very experienced in how to help you with your portfolio. Our prices are very, very competitive and our philosophy of helping you build a “core position” – the base of your investment pyramid – is designed to help YOU.Platinum: The rarest precious metal
Just like gold, the American Eagle is our favorite choice when it comes to investing in platinum. First issued in 1997, they are the first and only official investment-grade platinum coins from the United States Mint.
The American Eagle Platinum is the only platinum bullion coin whose weight, content and .9995 purity are guaranteed by the government. It is available in four denominations: one ounce, one-half ounce, one-quarter ounce, and one-tenth ounce. Furthermore, all American Eagles are legal tender coins, with the face value imprinted in U.S. dollars. Although the face value is mainly symbolic, it provides proof of the authenticity as official
Other popular one ounce platinum coins are the Australian Mint Platinum Koala, Canadian Mint Platinum, Maple Leaf, and Isle of Man Noble.Who is Miles Franklin Ltd?
For those of you who are new to The Miles Franklin Report here is some background information that you might find useful.
Miles Franklin, Ltd. was started in 1990 by David Schectman. Prior to that, David was a senior broker and public spokesman for one of the nation’s largest gold dealers, Investment Rarities. From 1989-1991 he was also the editor in chief of the popular newsletter of the times, Future Economic Trends.
Miles Franklin, Ltd. has been recommended by many nationally respected newsletter writers and authors, including Robert Prechter (Conquer the Crash) Richard Maybury (Early Warning Report) John Tomchick (The Whole Investor Report) Jean Pierre Louvet (The Safe Wealth Group) Bill Murphy (LeMetropole Café) and Chris Powell (Gata.org).
We have sold tens of millions of dollars of bullion, numismatic gold, silver and platinum. We are set up to operate efficiently with low overhead, so our pricing is fair and more than competitive.
Most of us have been here since 1990, and between us we have well over 70 years of experience in the precious metals industry.
We have also helped many people obtain Swiss annuities, and have written many articles on Swiss investments as a compliment to a precious metals portfolio. If you are interested in obtaining a Swiss annuity, talk to us and we will put you in touch with a very reputable Swiss firm that will work with you. If you would like a quote on any of the precious metals, let us know. Our prices are very hard to beat.
We are committed to the best service, low pricing and prompt delivery. We hope you will think of us when you decide it’s time to move into the metals. We will work extra hard to earn your business.Buying metals, the final step
When all of your questions have been answered and it’s time to move forward, here’s how you do it. First, we lock in your order on a “verbal” hand shake. Next, we send you a confirmation for your records and a posted return envelope. Put your check in the envelope, a personal check works just fine, seal it and send it off. That’s it, no social security number or “Get to know your client form” as you would see in just about any other investment. There are never any reporting requirements by you or the dealer when you buy gold with a personal check, regardless of the amount. So now you just sit back and wait for your postal person to bring you a registered and insured package. Our standard policy allows one week for your check to clear, then immediate shipment. Your package is shipped out wrapped in brown paper and marked “machine parts.”
It works the exact same way when it’s time to sell. Call us; we’ll lock in a firm and binding bid price for your metals. We will send you a confirmation for your records along with detailed instructions on how to ship your coins back by registered and insured mail. When we receive your package we will send your funds immediately by check or wire-your choice.
So there you have it! You are now well armed with enough information to take the next step and build the base of your financial pyramid with precious metals. If you would like to discuss any of the topics listed in this report, please contact one of us at Miles Franklin Ltd.
On behalf of all of us at Miles Franklin Ltd. We look forward to assisting you with your precious metals needs, or answering your questions on the best ways to invest in the Swiss franc and euro.