You Can Turn Gold Coins Into Extra Cash TodayBy diamondjewellery
July 11, 2020
When you have a sudden unexpected expense do you consider pawning something valuable for a short term loan? For many people this idea never comes to their mind, but you should strongly consider a pawn loan for short term money needs. If you purchased gold coins as an investment, been given gold coins as a special present, or have just found them in the attic, the coins can be the perfect item to use as collateral against getting a loan to get you past the financial glitch.
Pawn shops used to be considered dirty places filled with nefarious people such as thieves or drug dealers but today’s pawn shops are clean, brightly lit stores found in average to upscale neighborhoods. Arizona Jewelry and Loan sits in Scottsdale, not in the battered barrios of Phoenix. Pawn shops are a type of business that was started over 3000 years ago to aid the poor that have become a place for people from all walks of life to pawn valuables in return for short term loans.
Grab your gold coins and come to Arizona Jewelry and Loan. There you can pawn gold of many types including coins. We can appraise your coins to give you a better idea of their value as collateral for a pawn loan. We will not pressure you to pawn or sell your jewelry. Instead we will give you all the time you need to make the decision. It may be possible to use only a few of the coins in your possession.
Once you make the decision you can have your money the same day.
A little about American gold coins
The United States government has minted many gold coins through the years, including the American Gold Buffalo and the American Gold Eagles. The U.S. mint is one of the most respected mints in the world. Every year it designs and produces some of the most sought after coins anywhere in the world. Many times the Mint will choose to feature historic pictures that have appeared on regular American circulation coins.
The 2016 1 ounce American Gold Buffalo coin is minted using one troy ounce of 0.9999% pure 24k gold.These gold coins are the only U.S. Mint produced coins to feature this level of gold purity. This coin has been available each year since its introduction in 2006with the 2016 coin being the 10thanniversary striking of the series. It has featured the same highly recognizable design each year. The design was inspired by James Earle Fraser’s original 1913 Buffalo Nickel but don’t mistake this coin for a nickel. Its face value, guaranteed by the U.S. government, is $50USD. The American Gold Buffalo was the first 24k gold coin made by the United States mint.It features the celebrated Buffalo Nickel design on one side and the unique Indian Head design on the obverse side. It is easy to see the excellent detail found in each design. The likeness of the Native American featured on the coin is fashioned after three historic Native American tribal leaders. The coins are inscribed with their gold purity and weight.
James Earle Fraser was born and raised in Winona, Minnesota. As a child growing up, he had various frontier experiences that stayed with him. As he grew older and became an artist and sculptor he used the images of these experiences as inspiration for his work. The 1911 administration of President William Howard Taft chose Fraser to design a new five-cent piece to replace the Liberty Head nickel. The bison on the face side, Black Diamond, was a resident of the Central Park Zoo in New York City and has become an enduring symbol of the American west. For the image of a Native American Chief Fraser combined the facial features of three real-life tribal chieftains.
The United States mint produces the American Gold Buffalo coins at the West Point Mint. On the obverse side of the coin,along with the image of the Native American chieftain, you will find the word “Liberty” and the year of minting engraved. Much effort has been put into preserving the magnificent artistry and exquisite details of the Indian face, hair braid, and feathers. On the reverse side, with the picture of the bison, are inscribed multiple phrases including “In God We Trust” and “E Pluribus Unum.” The value of the coin along with the weight and purity of the gold is also found on this face.
The American Gold Eagle coin series has been minted by the United States since 1986. Its design is one of the most readily identifiable in the world. The obverse side of the gold coin portrays the image of Lady Liberty by Augustus Saint-Gauden, a well-known American sculptor. This design was first commissioned by Theodore Roosevelt for an early 1900’s coin that was envisioned to mimic ancient Roman and Greek coins. Lady Liberty is shown standing with flowing hair, an olive branch held in her left hand, and a torch held in her right hand. The US Capitol building sits to the left in the background. Libert as was the Roman goddess of liberty, representing the ideals of freedom. The olive branch represents peace and dates to ancient Greece. This side also features the year of minting.
The reverse side of the coin was created by sculptor Miley Tucker-Frost (Busiek). It depicts a male bald eagle with an olive branch in its talons. The eagle is flying over a female eagle with her hatch lings resting in their nest. This side also shows the inscriptions indicating the weight and face value of the coin along with the words “In God We Trust” and “E Pluribus Unum”. The eagle’s wings spread over the female and eaglets shows protection.
This coins images’ first appeared on the $20 Gold Double Eagle coin of 1907. Both sides of the American Gold Eagle coin have different images from the American Silver Eagle coin and the American Platinum Eagle coin.In 1986, by authorization from the Gold Coin Bullion Act of 1985, the American Gold Eagle coin made its debut. The Gold Eagle coins are made in 1/10thounce, 1/4thounce, ½ ounce, and 1 ounce denominations and four different sizes. The face values of these coins are, in order, $5, $10, $25, and $50USD. By law, all American Gold Eagle coins are composed of 91.67% 22k gold of U.S. origin only(no foreign gold can be imported to use in the minting of these coins). To make a more durable coin 3% silver and 5.33% copper are combined with the gold.
The development of the American Gold Eagle happened in response to a minimal availability of gold investment coins during the 1970’s and 1980’s. The South African Krugerrand made up about 90% of the worldwide gold coin market but it was banned from import into most western countries due to apartheid sanctions. With this in mind and because there was increasing demand for domestic gold investment coins, the American Gold Eagle was introduced into the market in 1986. Ever since its introduction the coins has been popular with many investors choosing to purchase it year after year.
There are two different forms of the Gold Eagle coins produced by the United States mint. One is “brilliant uncirculated” and the other is “proof.” Brilliant uncirculated Gold Eagles are the most common form of the coin. Slightly more than 1 million coins are minted each year.
Gold coins from other countries
Many countries across the globe produce gold coins. Canada, Britain, Mexico, Australia, China, and Austria are a few of the nations who routinely mint gold coins. Even African countries such as Somalia and South Africa have a history of issuing gold coins. Each has a unique design that not only attracts investors but also represents something important about the country.Many of the foreign coins have interesting histories and backgrounds.
The South African Gold Krugerrand has been issued since 1967. It is one of the most popular gold bullion coins in the world and is made of 22-karat gold. The Krugerrand is not stamped with a face value like U.S. coins. Instead, their legal value is whatever the current market price of gold is at the time. The obverse side of the Krugerrand features Paul Kruger in profile view. He was South Africa’s president at the time.The reverse side pictures a springbok antelope, their national animal.
Austrian coins depict their Philharmonic Hall while Australian coins show the kangaroo or other animals such as koalas. China’s gold coins display a panda bear while the Somali gold coin pictures an African elephant. The Austrian mint has been producing coins for over 800 years and is known for its beautiful and innovative designs. Their gold coins are made of 24-karat gold. Australia produces a variety of gold coins in a number of sizes. The Perth mint started producing coins in 1899 making it one of the oldest mints in the world.
Canada has produced multiple different gold coins through the years. Many feature the maple leaf though this year (2016) they released a 1 ounce Canadian Gold Roaring Grizzly Coin. The fronts of their gold coins routinely feature Queen Elizabeth II. Canadian gold coins are known for their high quality and intricate engraving.Now that you know a little more about gold coins you are better prepared if you need to pawn a few when there is a sudden need for cash in your life. Don’t forget Arizona Jewelry and Loan as a great place to go.