Why Buy Gold Bullion
Gold has been valued and revered throughout human history, with civilizations across the globe using it as a symbol of wealth and power. This precious metal’s allure, durability, and value have made it a prized commodity for centuries, and it continues to hold a special place in modern society. Today, gold bullion coins and bars are an investment option for those seeking to diversify their portfolio. Some of the most sought-after gold bullion coins include the American Eagle, Canadian Maple Leaf, and the South African Krugerrand, each with its own unique history and design.
One of the most convenient ways to own gold is in the form of Gold Bullion. Over the centuries, Gold Bullion has been prized for its concentrated value, ease of storage, and ability to be transported. In addition, gold bullion of certified weight and purity is a fungible commodity. That means it’s able to replace or be replaced by another identical item. Gold Bullion is therefore mutually interchangeable. This is not the case with Gold Coins. Even with Bullion Coins, no two coins are exactly the same, and perfect-graded bullion coins have become highly sought after by collectors.
Gold Bullion exists as Gold Bars (also known as ingots) and Gold Rounds (both plain and commemorative) of various sizes. Gold Rounds are usually struck like a coin in One Troy Ounce size, although smaller and larger sizes exist. Gold Bars are either poured or stamped, and most gold weight issues larger than an ounce, which are not coins, are issued as bars. The most well respected gold bullion is that issued by Johnson Matthey, PAMP Suisse, Credit Suisse, Valcambi, Sunshine Minting, The Perth Mint, Engelhard and of course, ModernCoinMart.
All gold bullion, whether round or as bars, have a few things in common. They have their gold weight, their gold purity and their manufacturer or issuer clearly shown on the bars or rounds. Gold bullion without guarantees of weight and purity should be avoided.
Shop our extensive catalog of gold bullion coins here at ModernCointMart.
Gold Coins for Sale at ModernCoinMart
When shopping for gold coins for sale, you need a dealer you can trust, especially when looking to buy gold coins online. At ModernCoinMart, we’ve not only established ourselves as one of the largest online coin dealers but also as a reputable dealer with an “A” BBB rating. Our collection of gold bullion coins includes the famed American Gold Eagle as well as Chinese Gold Pandas, Canadian Gold Maple Leafs, Mexican Gold Libertads, and more.
Some of the gold bullion coins you will find in this category include gold coins from all over the world that were issued by official government mints as one of their bullion coin issues. This practice has gone on for many years now, and ModernCoinMart (MCM) has a wide selection of these gold coins available right here!
Some collectors prefer to buy a “type” coin for each issue, while others try to complete a date set of particular issues. Either way, you collect, this is the perfect place to either get started or continue your gold coin collection!
Are Gold Coins Still Illegal?
No, it is not illegal to buy, sell, or own gold coins in the United States. There was a time, yes, when it was illegal to own gold in the U.S. In an attempt to lift the country and its citizens out of the depths of the Great Depression, President Franklin D. Roosevelt issued Executive Order 6102 in 1933, which made owning gold, bars, or coins, illegal in the United States and punishable by up to 10 years in prison. Any U.S. citizens caught in possession of gold would also be subject to a fine twice the amount of gold they owned that had not been turned over to the Federal Reserve.
On January 30, 1934, the Gold Reserve Act was passed, which required all gold and gold certificates held by the Federal Reserve to be turned over to the United States Treasury Department. Following the passage of this Act, President Roosevelt raised the price of gold from $20.67/Troy ounce to $35/Troy ounce, which incentivized global gold miners to export their gold to the United States.
Gold remained illegal to own until 1974 when President Gerald Ford signed Proclamation Pub.L. 93-373, once again legalizing gold ownership throughout the country. Today, it remains perfectly legal to buy gold coins.
