What Is Bullion And Its Value

 

William Youngerman Inc. is the number one choice for someone wanting to purchase gold bullion and silver bullion. We buy and sell a variety of rare graded U.S. and world gold coins and currencies in Boca Raton and the surrounding South Florida areas. At William Youngerman, we specialize in buying and selling the highest purity gold bullion and silver bullion.

Whether an avid coin collector and an investor, we understand the importance of investing to grow a portfolio. With over 50 years of experience, we are well versed when it comes to understanding the value of bullion.

What Is Bullion And Its Value

 

  • What Is Bullion
  • Value
  • Gold
  • Silver

What Is Bullion

 

Bullion is gold, silver or other precious metals in the form of bars or ingots or blocks. They are typically used for trade on a market and its value is determined by the value of its precious metals content which is defined by purity and mass.

Value

 

The value of bullion is largely determined by demand and is rooted in scarcity and quality. Therefore, the value is given to a coin based upon the amount of metal that the coin contains. There are a few factors that determine the value of bullion. The spot price of the gold or silver is determined based on weight, purity or karat and rarity. A trusted coin dealer such as William Youngerman will provide a customer with an exact value of the bullion based on those factors.

Gold

 

Gold Bullion is a gold bar or ingot that is a quantity of a refined metallic gold. This can be made into any shape that is produced by a bar producer meeting standard conditions of manufacture, labeling, and record keeping. The standard gold bullion is held as gold reserves by banks and is traded among bullion dealers in the 400-troy-ounce.

Silver

 

Silver bullion is silver in the form of bars or coins and is the most stable in precious metal investments. They are popular in portfolios large and small and have different benefits. Silver bullion is highly popular as they can be purchased individually. This type of bullion is also highly popular due to its beautiful design element and a wide variety of weights.  

When it comes to gold bullion and silver bullion, William Youngerman, Inc. is the most trusted coin dealer in South Florida. We have the best selection of gold and silver bars and coins, including the United States Silver Eagle and gold and silver Engelhard bars. Our expert coin dealers can offer information regarding price history and potential profit of any coin. Call us today at 1 (800) 327-5010 to speak to a qualified representative regarding our selection of gold and silver bullion products.

A History Of American Currency

William Youngerman is the best seller for gold coins and the graded silver eagle coin in Boca Raton. We sell bullion, currency, jewelry, US gold coins, and world gold coins in our coin dealer store. The history of American currency will allow customers to be informed about how the American currency system began and how it has evolved.

A History Of American Currency

  • What Is Currency
  • History
  • Different Types

What Is Currency

A currency refers to money in any form when in actual use or circulation as a medium of exchange especially circulating banknotes and coins. Currency provides a basis for trade (buying and selling) and sets a standard of value which allows for trading to function smoothly. Currency is an essential part of the economy and includes three universal advantages such as a medium of exchange, a store of value, and a standard of value. This allows buyers and sellers to arrive at a comparative price without having to negotiate.

History

The start of American currency began in the 1690’s as colonial notes. The colonial currency was paper currency and was issued by the Massachusetts Bay Colony to fund military expeditions. In 1776 the first $2 note was produced and was authorized by the continental congress as a “bill of credit” for the defense of America. 85 years later in 1861, Congress authorizes the U.S. Department of Treasury to issue non-interest bearing Demand notes. As a result, the notes are given the nickname “greenbacks” due to their green color.

In 1862 the foundation of modern design was introduced and the U.S. Department Of Treasury’s seal was engraved on the American currency along with engraved signatures to aid in counterfeit deterrence. In 1913 the federal reserve act created the nation’s central bank system which is responsible for the financial needs of the country. Therefore, the Federal Reserve Board issued a new currency called Federal Reserve Notes. A year later in 1914, the Federal Reserve issued the first $10 bills and feature a former President Andrew Jackson on the front. In 1918 the Federal Reserve Board started to distribute $500, $1,000 $5,000 and $10,000 denominations. Finally in 1957, “In God, We Trust” was to begin appearing on all currency.

Different Types

There are a variety of currencies that have been developed over time. People who are coin collectors enjoy these kinds of products as they are rare findings and are not produced today. One rare coin is the $2.5 cent coin. This coin dates back to the late 1800’s and 1900’s and contains a Native American on the face of the coin. In the 1800’s, these coins were referred to as the Indian 2 dollar coin, however, that term is no longer used due to its origin. The Gold Eagle coin was first distributed in 1986 and features lady liberty walking confidently against the suns rays carrying a torch and olive branch.

William Youngerman, INC is the number one choice for a collector’s gold coin and graded silver eagle coin needs. Call us today at (800) 327-5010 to speak to a qualified representative regarding our selection of rare gold coins, jewelry and more.

 

Buying And Selling Silver and Gold: An Investor Guide

Whether a collector or enthusiast wants to buy gold and silver bullion or wants to sell them, the process has to be reviewed carefully. Anyone with sufficient capital can buy gold and silver bullion, but only the best investors and traders can maximize their profits and lower their exposure to risks. For individuals researching best practices for buying or selling gold or silver bullion, take a look at the guide below.

Platform

Before an investor buys or sells gold and silver bullion, they need a broker who can process the purchases and sales. Fortunately, there are numerous online trading platforms for precious metals and most of them are efficient and automated. It is important for the individual to make the choice. Choose a brokerage platform that is reputable, preferably one that has a good record in protecting its users’ private information.

Information

After selecting a broker, the next area of focus about gold and silver bullion is information. In the trading and investment world, information usually means charts and news. Being able to read the charts for gold and silver and using them to create intelligent trading strategies helps investors make sound decisions. It makes it easier to make money buying and selling precious metals.

Most gold and silver trading platforms offer real-time charts on the price of gold and silver. These charts are also accompanied by various indicators, many of which can help identify the ideal price to either buy or sell gold and silver bullion. Indicators, like volume, moving averages and relative strength indices can explain where the price of a particular commodity is headed. This helps makes a sound trading or investment decision.

Trading/Investment Strategy

After securing a reliable source of information about gold and silver bullion, the next step should be to develop a sound trading or investment strategy. A good strategy determines the optimal purchase price, meaning, what price it should be sold at and what price it should be purchased at. Holding gold/silver bullion for a long time maintains or increases its value.

Trading and investment strategies are important because they prevent emotional reactions to sudden price changes. For example, if the price of gold suddenly dropped 10%, most people will impulsively sell their bullion out of fear. Likewise, if the price of gold or silver suddenly goes up, their greed will drive them to buy with little regard for the consequences. Both reactions are understandable, but in most cases, they lead to bad results.

A sound strategy can be applied to palladium bullion or any other type of precious metals. This can help an investor watch the price of their purchase. It’s important to have a solid strategy before purchasing gold and silver, so it can protect capital and keep it growing.

Buy and Sell

It’s time to buy and sell when a solid plan is put in place. For those who are new to buying or selling precious metals, then start by investing in little amounts. William Youngerman is South Florida’s premier currency, coin, and precious metal dealer. We help collectors and enthusiasts alike with the buying and selling or gold and silver items. Call us today to speak with one of our customer service representatives today at 1-800-327-5010.