On his recent television interview on the CNBC channel, Jim Rogers strongly expresses his advice for the people not to sell their gold just yet. He further proves his point by stating that gold reached an all-time high of $850 per ounce in 1980 but today it could reach $2,400 per ounce with adjustments made for inflation. Rogers also strongly believes that the price of gold will go much higher than the predicted price within the next ten years. He believes that the reason for this is that the governments of different countries all over the world are creating more money for their own economy. If the dollar has a high volume in the market then the result of this will be the decrease in its value. If the supply of the dollar is high then its value in the market will be lowered as a result. If the value of the dollar is low then the effect of this will be the increase in the value of gold.

Jim Rogers states that he does not plan on selling the gold that he owns mainly because he plans to use it as a form of insurance policy against anything that might happen to the economy. He is also against selling gold anytime soon because he believes that he will be able to earn more for his gold in about 10 to 20 years from now. Rogers also states that the Fed has already elevated the supply of money in the market and will be buying more stocks and bonds in the QE3.

During the interview, Jim Rogers was also asked why the popularity of gold has faded after the debt crises in Europe. His response to this was that he believes that gold is always inversely related to the market. He further explains that the state of gold is often the exact opposite of the state that the market is currently in. He also states that gold has been able to regain its strong footing in the market together will all other forms of assets. Jim Rogers strongly affirms that gold has been doing very well in the market for 11 years now and it will continue to do so in the coming years.

The cast were awakened to the harsh reality of gold mining when they got to Alaska. They met a lot of trials along the way such as frozen ground and broken equipment. Add to that the fact that they had to mine really deep underground before they could reach the depth where gold could be mined. It took them several months before they even saw a tiny grain of gold. When the first season of the show ended the amateur miners were only able to dig up 14 oz. of gold. This only meant that they were not able to earn any profit from all the money that they spent on their mining venture in Alaska. This only means that finding gold is not easy even if a lot of people believe that Alaska is rich in gold.

The reason why gold is very hard to find is because it is a very rare precious metal. In order to find gold, miners have to dig several hundred feet only to find a small nugget of gold. It is said that all the gold that has been mined through the years only measures up to the size of a 20-yard cube. This only shows how rare gold is and how difficult it is to mine it.

Gold may be very rare but a lot of people wish to own it. This is because gold is considered as money. A lot of people in the United States still consider gold as money even after Nixon took the country off the gold standard. The rising demand for gold has only contributed to its already high value in the market. As the demand for gold in the market increases so does its price. This only motivates a lot more people to start owning gold. The good news is that owning gold is no longer as difficult as having to travel to Alaska with truckloads of mining equipment in tow. There are now many ways of owning gold and one way to do that is by buying gold coins.

Following the discovery of gold in Eastern and Western parts of United States, government started minting gold coins as well. By the end of 19th century different mints were established in San Francisco, Dahlonega, Charlotte and New Orleans. The last mint was established at Denver in 1904. Top mints of the United States were said to produce approximately ten million coins on daily basis. Minting resulted in usage of raw materials like water and chemical plus increased energy consumption. Due to serious ecological issues, these mints were modified and new projects were launched that focused on low energy consumption and increased coin production using limited resources.

Top Mints Of The United States:

1) Headquarters at Washington DC

Being the center of all minting activities, this agency was responsible for formation of policies, administrative works, coin research, development and supervision. Its additional duties include handling market operations, serving customer queries, managing different minting units and processing coin orders.

2) Denver Mint At Colorado

This mint is associated with production of coins belonging to different denominations, production of dyes, uncirculated currency, memorial coins and designing bars or bullions in silver and gold. There are facilities for tourism and sightseeing too.

3) West Point Mint At NY

This location is responsible for producing bullion coins in one ounce silver. They manufacture proof, uncirculated and circulated gold and platinum coins of American Eagle, bullion coins in Gold, Silver and Platinum, American Buffalo coins in 24 karat gold and other memorial coins recognized by Congress.

4) Philadelphia Mint at Pennsylvania

Being one of the oldest production mints in United States, it is responsible for sculpting engraved coins in metal as well as coin dies. The coins produced are of uncirculated types and for commemorative purposes or public uses. This mint is open for public tourism as well.

5) Other petty mints

Additional production facilities include mints at Fort Knox (In Kentucky) and at San Francisco (in California). They’re responsible for producing silver and gold bullion coins for different purposes.

If you wish to acquire more information on coin minting or in case you’re interested in sightseeing, you can log on to USMINT.gov website for more details.

Check into the company and make sure it’s been around for at lest 10 years or more.  With the price of gold rising more and more bogus companies are emerging everyday.

The Internet is a great start and tool to utilize along with the BBB.  Read testimonies and reviews.  Remember there are bound to be some complaints because not everyone can be satisfied.

Some companies will try to pressure you into sending them money.  Avoid these types.  Also ask questions about their sales tactics.  You have a right to know what they charge upfront.  Avoid companies that hide their fees, those are the companies that usually have very high fees and can hurt you in the long run.

Another practice to be leery of is guarantees.  No business can offer guarantees even if past performance has been excellent.  Again, do your research.

Different gold products do different things for each person and their goals.  Your goals will help decide what product is best and which will work harder for you and make you more money.

If wanting to sell your gold jewelry at a “cash for gold” center make sure you do some investigating on the business of choice.  Most will pay an average of 50-65% of the spot price while others may pay less.

Questions or concerns about gold or gold scams can be answered by calling ITM Trading.  We’ve been in business for over 16 years and have an excellent rating with the BBB.

First, check the history of the company you are interested in.  A well-established, trustworthy company would be in business for at least 10 years if not longer.  Beware new companies with guarantees and promises.  There are quite a few of these pop up companies showing up everywhere.

Next, check with the BBB for reviews and complaints.  Just keep in mind even the best well known business will have some complaints cause not everyone can be satisfied.  Another good resource is the Internet.  Read up on different businesses and check their history too.

Any company that tries to pressure you into sending them money should be avoided.  This is usually a scam or they charge really high fees.  A great company will be honest and upfront about their prices.

Another smart decision would be to stay away from off shore companies.  Various scams have occurred with these types of businesses.

Always remember there is no guarantee in profits.  Any company that guarantees a profit is usually a red flag.  Nobody can predict what the market will do.

Depending on your goals and objectives will help determine what gold products will work best for you and help you make more money in the long run.

If you want to sell your old gold jewelry for cash, make sure you do your homework on the business you are going to work with.  Keep in mind the average payout is 50-65% of the spot gold price but some may want to pay you less and you want to get the best payout possible.

ITM Trading is here for you.  If you have any questions or concerns don’t hesitate to call us.

The contents of the Silver Eagle coin, the weight, and purity of the silver are certified by the United States Mint. The US Mint also produces a proof version and an uncirculated version of coin for collectors. The Silver Eagle has been produced at three mints: the San Francisco Mint, the Philadelphia Mint, and the West Point Mint. As mentioned before The American Silver Eagle bullion coin may be used to fund IRA accounts. There are certain criteria that must be met to qualify, but it is not difficult and speaking to a precious metals specialist will give you all of the information you need to satisfy the requirements.

The coin’s design was taken from the “Walking Liberty” design by Adolph A. Weinman, which originally had been used on the Walking Liberty Half Dollar coin of the United States from 1916 to 1947. As this iconic design had been a public favorite and one of the most beloved designs of any United States coinage.

The reverse was designed by John Mercanti and portrays a heraldic eagle behind a shield; the eagle grasps an olive branch in its right talon and arrows in its left talon, echoing the Great Seal of the United States; above the eagle are thirteen five-pointed stars representing the Thirteen Colonies. The reverse is inscribed with the phrases UNITED STATES OF AMERICA, 1 OZ. FINE SILVER~ONE DOLLAR, and E PLURIBUS UNUM.

If you would like more information on how to add silver coins or other precious metals to your Individual Retirement Account contact a precious metals specialist. ITM Trading has a long and excellent reputation of help clients acquire precious metals and rare coins, and would be an solid choice to get information.

When the rare coin market was limited to a small number of numismatists trading with each other, three broad definitions were enough to determine grade: “Good” – a coin with most of the detail intact; “Fine” – a coin with clear detail and some luster on its surfaces; and “Uncirculated” – a coin which had never been in general circulation and therefore retained its Mint State condition.

This was a 50,000 ft view, so to speak, of a coins overall appearance. As coin collecting grew, collectors realized that some “fine” coins were finer than others. There very varying levels of fine, and even some uncirculated coins rose above the rest in detail, luster, and general appearance. So there needed to be even further distinction on of a coins quality. So terms such as “Very Fine” and “Extra Fine” began to emerge, as collectors sought to further define the condition of their coins and increase their value.

In 1948, Dr. William Sheldon, a renowned numismatist, developed the Sheldon Scale, assigning grades from 1 through 70 to coins on the theory that a coin graded at 70 would be worth 70 times as much as the same coin type being graded as a 1.

Although coin collectors agreed on the scale, they could not agree on the standard, and assigning a Sheldon Scale grade to any given coin was still a matter of subjective opinion. One dealer’s 60 was not the same as another dealers 60 grading. Now there are several professional coin grading services such as PCGS, which have very accurate system for grading coins and maintaining consistency in the grading process.

The stater is a key exhibit in the Department of Coins and Medals of the British Museum, which houses one of the world’s finest numismatic collections, comprising about 1 million objects. The earliest issues, thought to date from the reign of Alyattes (about 610 – 560 BC) or perhaps his predecessor Sadyattes – both of the Mermnad dynasty – feature the Lydian kings’ emblem of a roaring lion, almost always with a curious knob, often called a “nose wart,” on its forehead.

The interest in old collectible coins is world wide, which makes coin collecting a hobby that will outlast currency itself. Many coin collections increase with value over time, often out pacing the price of gold itself. If you would like to start a portfolio in rare gold coins you should contact one of the gold coin specialist at ITM Trading.com

The majority of rare gold coins were minted in the United States. This is the 1913 Liberty Head nickel. One of the reasons this coin is so rare is the fact that there are only five that are still known to be in existence today. The most recent 1913 Liberty Head nickel was sold at auction for three million dollars! Aside from its rarity, the one auctioned has been owned by a millionaire in Texas, King Farouk of Egypt. Other listings of rare gold coins on earth include the 1907 and 1933 St. Gaudens Double Eagle.

While America already had coins in circulation by that time, the then President felt that a nation’s currency should stand for more than just a monetary value; it should stand as well for the pride in their country that is shared by its citizenry. That is why President Roosevelt commissioned St. Gaudens to redesign the coins of the United States. The 1907 Double Eagle has been referred to as one of the most beautiful and extraordinary works of art on any of our American coins. Featuring a relief on the front of Lady Liberty holding a torch in one hand and an olive branch in the other hand, with the U.S. Capitol in the background and on the back of a bald eagle flying over the sun, it truly is a masterpiece.

Since there were only a little over 12,000 of these coins ever made, their value has significantly increased. Today the 1907 St. Gaudens Double Eagle gold coin can easily bring in ten thousand dollars in circulated condition and almost half a million dollars for ones in well-preserved condition.You may not be in the position to purchase a 3-7 million dollar gold coin but if you are looking to hedge your bet against inflation or market fluctuations, owning rare gold coins has proven to be wise decision.

The Saint-Gaudens Gold Double Eagle coin had been issued from 1907 until 1932.  445,500 Double Eagles had been minted with the date 1933, but none were ever officially released into circulation because of changes made to currency laws during the Great Depression, when President Franklin Roosevelt took America off the gold standard. Not only were no more gold coins to be issued for circulation, people had to turn in the ones they owned. It actually became illegal for private citizens to own gold coins, unless they clearly had a collectible value. Since there would be no more gold currency issued in the U.S., the Mint had melted down the 1933 run of Gold Double Eagles and converted them to gold bullion bars by 1937.

Luckily some of the Double Eagles Escaped the Melt Down. 2 of the 1933 specimens were given by the Mint to the U.S. National Numismatic Collection at the Smithsonian Institute. These were the only 1 legal specimen to ever become part of a coin collection; however, by 2002, the Secret Service had confiscated 8 more 1933 Double Eagles! This brought up a lot of question.

It may never be known how these coins survived but it is believed that a  Mint cashier, George McCann, exchanged about 20 1933′s doomed for destruction and replaced them with earlier dated Double Eagles. What we do know for sure is that a Philadelphia area jeweler by the name of Israel Switt came into possession of at least 10 of the coins.  Switt sold at least 1 of the 1933 Double Eagles privately to collectors, one of which found its way into the collection of King Farouk of Egypt. When the Secret Service discovered that these coins had surfaced, they confiscated them all because they were considered to be stolen property of the U.S. Mint. However, King Farouk had legally exported his coin before the theft was discovered, and the Secret Service was unable to recover his specimen through diplomatic channels. After King Farouk was deposed in 1952, his 1933 Double Eagle briefly appeared on the market, but when it became clear that U.S. authorities still wanted to confiscate it, it vanished again! More than 40 years later, British coin dealer Stephen Fenton showed up with it in New York, and the Secret Service finally seized it during a sting operation during which they purportedly negotiated to purchase the coin.