Questions Regarding a Precious Metals IRA Account (Part 3)

Is it Easy to Manage an IRA Account? A self-directed IRA account offers more flexibility and is more convenient than any other account. Any changes that you would like to make to your account can be done by phone or fax if you so desire. You will be given statements on a regular basis that will provide you with your estimated market valuation of your assets. The estimated value given is based on bullion value of your holdings and not numismatic value. What Type of Fees Are There for This Type of Account? Setup fees will vary depending upon what trust company you decide to work with. … [Read more...]

Questions Regarding a Precious Metals IRA Account (Part 2)

What Investments can be Rolled Over into a Precious Metals IRA Account? There are several investments that can be rolled over into a precious metals IRA account such as 403(b) plans, profit sharing plans, and existing IRA holdings. You can roll the following investments over by issuing the trustee of your account a transfer funds request or by pulling the investments out yourself and reinvesting them into your precious metals IRA account. If you choose to pull the investments and reinvest them into your new account you can have the same rollover status as long as you put the money in your … [Read more...]

Questions Regarding a Precious Metals IRA Account (Part 1)

We started a Three part series answering some frequently asked questions regarding precious metals IRA's.  Enjoy. What are the Eligibility Requirements? In order to set up an Individual Retirement Account you must get a compensation form from your employer, self-employment, or alimony. Income from investments, pensions, and annuities do not qualify. Opening an IRA account does not require a huge amount of money, which provides people with lower end budgets the ability to open up an account. If you wanted to open up a Traditional IRA Account you have to be younger than 70 ½ years of … [Read more...]

Indian Head Quarter Eagles

The Indian Head Quarter Eagles were minted from 1907 to 1933. During this time President Theodore Roosevelt was in office due to the assassination of McKinley and he found the United States coinage to be unattractive and not representing our country very well so he wanted a reform on all United States coinage.  The Mint Engraver at the time was Charles Barber who Roosevelt believed to be mediocre in the profession so in order to achieve new beautiful designs he replaced his job with world renowned sculptor Augustus Saint-Gaudens. Saint-Gaudens was commissioned to create a new design for the … [Read more...]

$10 Liberty Head Eagle

In 1804 President Thomas Jefferson put an end to the minting of eagles due to their melt value being greater than their monetary value. There was a large amount of these coins being melted and 30 years after the minting of eagles had been stopped, the standard weight and fineness for gold coins was changed. Eagles had a weight of 270 grains and it was changed to 258 and the gold fineness went from 91.67% to 90% gold. In 1838 Mint Director Patterson commissioned Engraver Gobrecht to create a new die that will be used to mint the eagles with the new changes. In 1866 the Type 2 Liberty Head … [Read more...]

$5 Liberty Head Gold Coin

The $5 Liberty Head gold coin with motto was minted from 1866-1908. The designer of this coin was Christian Gobrecht. On the obverse side of the coin is a profile image of Lady Liberty wearing a coronet. Her hair is pulled back with two strands of curly hair hanging down by her neck. Arched around her are 13 stars that represent the 13 original colonies and the mint date near the bottom. On the reverse side of the coin is an image of the heraldic American Eagle looking to the left and the motto “In God We Trust.” The eagle is holding olive branches and arrows in his talons that represent … [Read more...]

$2.50 Liberty Head

The Liberty Head Quarter Eagle was minted from 1940 to 1907 and was designed by Christian Gobrecht. This coin went the longest amount of time then any other coinage series without any modifications being done to the design. During this time there 11,921,171 Liberty Head Quarter Eagles minted. The design that Gobrecht used for this coin was the coronet motif. On the obverse side of the coin is a depiction of Lady Liberty’s profile with her hair pulled back and two curls hanging down by her neck. The word ‘Liberty’ is inscribed on her coronet. Arched around her are six pointed stars and … [Read more...]

US Mint Silver Coins Sales Hit an All Time High

This month American Eagle silver coins have reached an all time high in sales due to the number of people looking for a different currency option as the U.S. central bank continues to move towards unprecedented stimulus. According to mint data the sales for this month have reached 7.42 million ounces so far this month while in December of 2012 total sales only reached 1.635 million ounces. This month is the largest amount of silver sales since 1986. The high demand for silver is being supported by the loose monetary policies and increased industrial consumption. In a report on January … [Read more...]

Information on Gold

Before making the decision to purchase gold you will want to obtain as much information on gold as possible. The more knowledge you have around the types of gold, where to purchase, how to purchase, price, value etc. the more likely you are to get the best deal on your purchase. The more knowledge you have will also give you a greater possibility of making more money and increasing your assets. If you are one that is more interested in collecting coins, then collecting coins that are hard to get your hands on and are very beautiful are going to make your experience that more enjoyable. Some … [Read more...]

How Is Gold Used?

There are several uses for gold and they come in a wide variety. Meaning, gold as an investment is not the only way gold is used. Gold is a very valuable metal that has several unique properties that contribute to making it very popular amongst many industries. Gold has a high level of malleability, ductility, it resists corrosion, and many other chemical reactions, it has great electrical conductivity, it reflects infra red light and has great thermal conductivity properties. Gold is used in a wide variety of electronic devices such as home appliances, cell phones, telephones, and … [Read more...]