It’s a simple matter to look up the value of any silver or gold coin or bar without a professional appraiser. Prices are always available online in real time. I can always know what the price of gold is anywhere in the world, instantly.
Both gold and silver are extremely liquid assets. When you are ready to unload some metal, you can sell it at virtually any pawn shop, coin store, jewelry shop, on eBay, or to individuals. The gold and silver markets are about as liquid as it gets, so you never have to worry about getting stuck with either. They are actually more liquid than dollars as gold is gold everywhere on earth.
Silver and gold are scarce. They are both hard to find and getting harder to find and more expensive to mine every day. All the gold ever mined in all of human history could fill only about two Olympic-size swimming pools. There is even less silver than gold, because silver is so much cheaper and we use it as fast as we find it.
It’s real, honest money in the U.S. as it is written right into our Constitution: “No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.”- Article I, Section 10, Clause 1, U.S. Constitution.
You can buy and sell silver and gold for cash. There is no state, province, or country that requires its citizens to report their silver or gold holdings. Although Biden and that scumbag Elizabeth Warren want a wealth tax which would require that we all declare everything we have, and earned, and saved, every year, forever. He’s stupid and she is pure evil. They want it all. Remember, every dollar the government siphons out of the productive economy to give to bureaucrats, even if they take it from the rich, shrinks the economy, and that harms us all.
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Very good info and explanations. Thanks Nick.
And another more recent advantage of gold. It is now considered a Tier 1 asset. So banks like it.
An to think in 2011 after I mined a block of BTC for 25 coins, I sold it to some guy in Arizona for $120.00
I had to wait for him to mail me a check. I thought “Sucka!!!”. Who’s the dope now?
Call BTC a scam all you want, Blackrock owns a big chunk now, it’s not going anywhere but up.
100k by the end of this year, probably 150k the end of next and 1 million by 2030.
On the prior topic, As Nick said, get physical PMs. They can’t tax it away.
If you want to dabble, get some from Apmex. I have for years. You pay a little premium, but they are a reputable PM dealer.
I bought a stack of 20 John Wick silver coins a few years back. I’m not deep pocketed enough to get the gold ones. I’ll scrooge McDuck one of these days…
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Looks like it might be a good time to sell gold, no? I bought a bunch of coins in the mid 80’s at an average price of about 300/oz 
I agree. And their packaging is really nice. It’s retail pricing, but what you said is true. I have a broker account there and Apmex is one of my bigger buyers.
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Just so I understand this correctly, “coins” are just a way to present, or shape the gold, correct? The fact it is called a coin only means that it is shaped, stamped, poured, or whatever in the form of a typical coin. But that fact does not mean it is an actual coin that can be used for trade similar to a dime or a nickel. It is just a way to present a certain weight of gold, in a manner that is appealing to the eye?
You should damn near do a tutorial video on coins, lol.
You can’t research this yourself? You present yourself as an expert on so many other issues. 
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Coins are typically from a government and are considered currency. Bullion is not backed in any way by a government. A $20 US gold coin is generally an ounce of gold. The idea behind a coin vs bullion though is it’s less likely to be counterfeit as the penalties are a lot greater.
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Well, what do you type into the Gurgle machine? Coins are complicated. I have dealt with real coins a few times in our retail store, but not gold coins, obviously. I’m just trying to understand why gold is sold in coin form, as opposed to say, in the form of a pencil, or a paper clip, or a scissors (sorry, just looking at the items around me at the moment).
First off… stop using gurgle. PERIOD.
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Here’s more info that may help:
Gold coins are legal tender and minted by a sovereign government mint, whereas gold bullion ingots for example are minted by a private mint .
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Actually, they are legal tender.
A gold American Eagle has a value of $50. Of course you’d be an idiot to spend a gold coin with a face value of $50, for fifty dollars.
So, the one I just seen go at the CCFK auction, I was searching similar coins on eBay to get an approximate value. They had 1/4 oz coins in both $5 and $10 “face values.” They also had 1/10 oz. coins with similar “face values.” So do the gold minters just pick a random thing to mold the coin into, hoping that the design will appeal to collectors?
Depends on who is minting it. You cannot melt down gold, pour it into a mold and make a coin that says “$10 dollars”. You’ll have the secret service knocking on your door in an hour.
You can melt it down and say “.999 fine gold ounce” or whatever the size and purity it might be.
Only sovereign nations can put a face value on coins.
Well the one that just sold says 5 dollars.
