Gold Trading: Some Rare US Gold Coins to Consider
In the Gold Trading world, after a steady decline of around $44 and a subsequent fortnightly dip that brought gold prices to about $1,650 per ounce, there has been a stabilization of sorts on the morning of December 13, 2011. This was in the wake of a slight weakening of the US dollar. Uncertainties in Europe continue and these pose challenges to the brightening of prospects of any investment. This is despite the fact that Spain succeeded in selling off more debts than anticipated in the auction held on the morning of December 13, as also the economic data of Germany being above expectations.
The primary structural issues of Europe that are proving to be unnerving for investors are simply refusing to disappear. The turmoil has been reflected in the inability of the euro to get back to a mark above $1.32 and the pursuance for the greenback among the anxious investors of today. This circle of investors has been liquidating commodities and stocks at a lightning fast pace on days that are gloomier than the regular gloomy days, on account of persistent fears and uncertainties.
Liquidations continued even as the markets for precious metals opened for trading in NYC on the morning of December 13. To start with, the spot prices of gold fell by $1 and remained at $1,664.30 per ounce. According to famous economist Dennis Gartman, gold has grossly failed to register new highs since early autumn in any part of the Northern Hemisphere. And, it has now been confirmed that a fresh interim low is actually lower than the previous low mark. Therefore, this heralds the onset of a bear market and complete abolition of the bull. So, the recent prospects may not be just as perturbing as they are being made out to be. If you are one of those conforming to his views and considering gold trading as an option, US rare gold coins could be considered as a probable medium. Some of the variants that can fare in your portfolio could include:
The Saint Gaudens Double Eagle: This one is considered to be one of the most beautiful and inspired of all rare gold coins of American mintage. The designs were inspired from the ancient Greek artistries that mesmerized President Roosevelt. The famous sculptor Augustus St. Gaudens was commissioned to design these coins. This $20 dollar coin is easily one of the most sought after coins today. It was minted in the United States between 1907 and 1933.
The Liberty Half Eagle: The specialty of this coin lies in the fact that it is distinguished for being the only coin of denomination and type that has been minted across all the seven mints of the Unites States. The coins were struck primarily in two types. One is the extremely rare “No Motto†variant that was minted from 1839 to 1865. The other one is provided with the motto “In God We Trust†and was minted through 1866 to 1908. Like several other rare coins of the time, the Liberty Half Eagle bears the image of Liberty on the front side and has a representation of the Bald Eagle on the reverse, adorned with shielded breast, sitting on an olive branch holding on to three arrows. These coins became particularly rare on account of the fact that the US government had to forcibly reduce production of these coins across mints to avert rampant gold hoarding during the Civil War.
The Indian Gold Dollar Type 3: This one is an epitome of classic beauty and was minted from 1856 through 1889. It had the image of Lady Liberty with a feathered headdress resembling the American Indian culture on the front and the denomination and date encircled with the wreath, on the reverse.
Apart from these, there are other promising variants to choose from as well, that can be included in gold trading.