Rare Gold Coin Dealer Blog

3 Reasons Why You Should Start Collecting Coins

A hobby is a regular activity done for enjoyment, typically during one’s leisure time. Collecting coins can become the hobby of a lifetime when you discover the various benefits it can offer. You can make money with this hobby by collecting coins that hold a great market value. This is one of many key benefits that aren’t offered with other hobbies. If you think about it,  collecting coins is more than a hobby, it an investment that offers a variety of benefits.

Your Coin Collection Grows Valuable Over Time

The hobby of coin collecting is a very efficient utilization of your spare time. It lets you indulge in something creative rather than wasting your valuable time. But your coin collection can definitely turn into a source of income for you. You can earn money from a coin by Selling your rare coins to local coin dealers such as William Youngerman. William Youngerman is always looking out for rare and good condition coins. You can fulfill their demands for such unique coins and earn handsome cash too!

Opportunities to Purchase Different Coins

Coin collecting is different from other hobbies because it gives you a large number of coins to collect and choose from. If you are looking for the best coins to collect look no further, William Youngerman provides the best coins. From United States Gold Eagle to Viet Nan Tien we sell coins from a variety of places around the world. William Youngerman is your one-stop shop for rare and gold coins.

Are you ready to start collecting coins?

Collecting can be both rewarding and profitable ventures. To meet our expert coin dealers and get started, schedule an appointment with William Youngerman Inc today! We’re also more than happy to help determine the value of your current coin collection. We offer flexible hours for appointments with both weekends and evening time slots available.

Collecting Paper Currency Vs. Gold Coins

At William Youngerman Inc, we buy and sell various forms of currency including rare paper currency, national bank notes, and more in Boca Raton, Fl. Collecting paper currency can be an excellent hobby for someone interested in owning a piece of history. This hobby can be just as rewarding and fun, revealing a treasured global history equal to coin collecting.

Difference Between Collecting Paper Currency Vs. Gold Coins

Coin collecting and paper money collecting may strike non-money collectors as one and the same, but — as those inside the hobbies know — they really are two very different animals that do still manage to share several commonalities. While coins may only slightly fade or degrade over time, paper money is fragile and easily damaged. Coin and currency dealers frequently assess paper currency “grades” that vary according to its condition, noting any visible damage such as tears, ink inconsistencies, or folds. At William Youngerman in Boca Raton, we have world gold coins, US Gold Coins, and Paper Currency that you can add to your collection.

Benefits of Collecting Paper Currency and Coins

Even though hobbies can serve up some wonderful benefits, most hobbies are costly with not that much return on investment. Coin and paper currency collecting, on the other hand, is one hobby that can actually make you money. This also means that it’s a good hobby to try out and see if you like it. If you feel that coin and paper currency collecting is not for you, then you can have the opportunity to get all your money and maybe show some profit when you decide to sell your coins. You can buy or sell rare coins and paper currency in Boca Raton at William Youngerman.

Either way, you go about it, collecting paper currency, coins, or both (as many do), is a way to express your appreciation of and interest in our nation’s social and economic history while giving you the chance to make money. Don’t miss out on the chance to collect a piece of history while doing a hobby that you love.

Are you Ready to  Start Collecting Rare Coins and Paper Currency?

Paper money and coin collecting can both be rewarding and profitable ventures. To meet our expert coin dealers and get started, schedule an appointment with William Youngerman Inc today! We’re also more than happy to help determine the value of your current paper currency collection. We offer flexible hours for appointments with both weekends and evening time slots available.

What You Should Know Before You Buy Gold Coins

With the price of gold increasing at astounding rates, many people are wanting to buy gold coins as a means of investing. If the value of gold coins has interested you, finding the best place to buy or sell them is the next step. William Youngerman is a trusted gold coin dealer in Boca Raton, servicing the surrounding South Florida area. We have over 50 years of experience working with investors to help them diversify and grow their investments. Our expert gold coin dealers can help educate and guide prospective investors with buying and selling gold coins at fair market prices.

Even though there are many honest and reputable gold coin dealers in the industry, there are also many who are looking to make a quick buck and take advantage of the uninformed. Before you invest in any precious metal, you should do your research. When buying or selling gold coins, there are a few things to consider in order to avoid getting ripped off.

Bullion Gold Coins vs. Certified Gold Coins

Bullion coins are manufactured year-to-year from precious metal and are purchased as an asset or investment. Their value generally fluctuates according to the current price of gold, silver or platinum. These coins are the most popular choice for people who buy gold purely for investment purposes because investors can get the most gold for the price in terms of weight and fineness.

Certified gold coins, often referred to as collector coins or rare coins, on the other hand, are currently not produced and are primarily valued for their rarity and not as much for their actual metal content. They are also valued for their popularity among avid coin collectors. To confirm their value, certified gold coins are inspected by a respected third party.

The main difference between gold bullions coins and certified gold coins is that the latter’s value is not tied to the gold spot price which makes them more favorable among investors that want an extra hedge against risk. It is important for prospective investors to know the difference between these two types of investment coins because there are coin dealers out there who may exploit this ignorance to try and steer customers in the wrong direction. This could lead to novice investors spending more money for lower quantity.

Price Of Gold Coins

Prospective gold coin investors should be aware that while collector coins require doing some research into the specific coins available to understand their worth, bullion gold coins have three factors that go into determining their value:

  • The weight of gold
  • Its fineness
  • The current spot price (value per ounce of gold bullion at any given moment)

Gold bullion coins typically trade at a small premium compared to the actual spot gold prices. Meanwhile, collector coins can carry a significant collector premium based on historical supply and current market demand.

Use A Trusted Gold Coin Dealer

Gold is one of the most sought out investment assets due to its intrinsic value, and for this reason, there are many different sources for buying and selling gold. Finding the best place to buy gold coins can be difficult, but avoiding places that will try to scam gold investors requires some discerning. At William Youngerman, our extensive experience and wealth of knowledge on coin collections make us the best source for comparing, identifying, and estimating the value of a coin. We will also provide an appraisal service for people who are looking to sell their coins but don’t know exactly what the price is. If you would like to buy gold coins, visit the experts at William Youngerman or give us a call at 1-800-327-5010.

What Is The Gold Standard History?

The gold standard history dates back to the 17th century, but the use of gold has played a key role in history for over 5,000 years. The gold standard was a monetary system where the value of a country’s currency or paper money was directly linked to gold. Even though the gold standard is no longer used, we still use gold as a means for investing and collecting.

The gold coin dealers at William Youngerman understand gold’s intrinsic value. Due to its scarcity, high density, diversification and inherent value, gold is by far the most important heavy metal and that is why we are dedicated to providing our professional advice when it comes to buying and selling gold coins. We have over 50 years of experience helping investors and avid coin collectors diversify their investments and add to their coin collections.

The Gold Standard History

Around 700 B.C., gold was officially made into coins for the first time. Between 1696 and 1812, the development and regulation of the gold standard began as the introduction of paper money caused some issues. Unlike paper money, the gold standard allowed a country to set a fixed price for gold, as well as buy and sell at that price. That fixed price was also used to determine the value of a country’s currency. This helped to prevent and avoid inflation and deflation. For decades before World War I, gold was used as payment between countries in international trade deals.

Currently, the gold standard is not used by any country or government. During the Great Depression, all Americans were forced to convert their gold coins, gold bullion, and certificates into U.S. dollars. The United States stopped using the gold standard in 1933, a few years after Great Britain. The gold standard was instead replaced by fiat money, a term used to describe a currency that is used because of a government’s order that is must be accepted as a form of payment. With a fiat monetary system, the value of a currency is not based on a physical commodity but is instead allowed to fluctuate against other foreign currencies.

Modern Day Use Of Gold

Today, the price of gold is determined by the demand for the metal and still serves an important function. Gold is a major financial asset for countries and central banks. This precious metal helps banks hedge against loans made to their government, and is also used as an indicator of economic health. Gold is also used by many investors as an asset that helps to diversify investment portfolios. As true money, it will always be the true backbone of the financial system.

Gold Coin Dealers In Boca Raton

If you are wanting to begin investing in gold then contact William Youngerman for the best prices of gold coins, precious metals, and even rare paper currencies. As the top gold coin dealers in Boca Raton, we understand the importance of investing in gold in order to solidify an investment portfolio. We buy and sell gold coins and bullion, and gold collections from around the world. Call us now at 1-800-327-5010 to learn more about gold coin collecting tips or gold investing opportunities.

Investing In Gold Vs Paper Money

 

When it comes to investing in gold vs. paper money, there are many factors to consider. The knowledgeable professionals at William Youngerman help clients diversify their portfolios of gold, silver, rare coins and collectibles.

Buying and selling gold can provide a means of holding value in times of economic downturn. Investing in paper currency can offer flexibility and familiarity.

Buying And Selling Gold

For centuries, gold has been seen as an asset with true inherent value. Due to its scarcity, gold has preserved its purchasing power and demand over long periods of time. This has also allowed gold to maintain its stability through fluctuating interests rates across global economies.

Gold is typically used as a tool for diversification in investment portfolios. This precious metal also acts as a hedge against inflation. Investing in gold can provide long-term stability and efficiency for storing wealth.

Investing In Paper Money

One of the benefits of paper money is that it is flexible. If there is a future investment opportunity, cash is more readily available for an exchange, allowing investors to take an immediate advantage.

The downside to investing in paper currency is that it can be an uncertain and at times volatile asset. Paper currency can be devalued overnight due to its availability and the constant printing of more notes. This fact alone has decreased the purchasing power of paper currency over the years.

There are many benefits to investing in gold and paper currencies. Nowadays, many investors chose to safeguard their wealth and investments with reserves of both cash and gold. At William Youngerman, we provide opportunities to invest in both gold and paper money. Our knowledgeable staff specializes in buying and selling gold along with fiat currency like coins and paper money. If you are looking to invest in either gold or paper or both, then call the experts at William Youngerman at 800-327-5010.

Is Gold A Good Investment?

 

As people are looking for concrete ways to invest, the age-old question comes up: is gold a good investment in today’s economy? The professionals at William Youngerman have been helping individuals buy and sell gold for over 50 years. Gold is a solid, tangible, long-term asset that has traditionally maintained its value throughout the years. Buying and selling gold coins, bars and bullion is still a popular and steadfast way of investing in the gold market.

A Brief History Of Gold

 

The use of gold started with the Egyptians who would use it to make jewelry. Then came the creation of gold coins stamped with a seal and used as currency in 560 BC. Eventually, gold became a symbol of wealth throughout Europe, Asia, Africa, and the Americas. Many countries used gold or silver to back their currencies. In the 1900s, gold was eventually transitioned out of the monetary system.

Why Is Gold A Good Investment

 

Even though gold is no longer involved in everyday monetary transactions, it is still important to the global economy. Gold has held its value throughout the decades and has served as a hedge against rising inflation. It has also been seen as a safe investment in times of political and economic uncertainty.

Gold is an asset with various deep-seated qualities that make it unique and necessary for investors to have in their portfolios. Investors generally buy gold as a way to diversify their investments since it is not related to stocks, bonds, and real estate.

Selling And Buying Gold Coins

 

Gold is by far the most popular investment previous metal and there are many different ways to invest in the gold market. One of the easiest and more readily accessible ways to attain gold is through buying and selling gold coins and gold bars.

The gold coin dealers at William Youngerman understand how valuable it is to have a hard asset like gold in an investment portfolio. We specialize in buying and selling gold coins and gold and silver bullion. If you are looking to diversify your portfolio and invest in the gold market, give us a call at 1-800-327-5010.

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.

 

How to Start Collecting Rare Currencies

William Youngerman is a Boca Raton coin and currency dealer who can help any new collectors find their niche. Those who enjoy history and the thought of owning a once daily used artifact will want to get into the rare coins dealer’s trade.

 

The Rare Coin Collecting Process:

 

  • Starting A Collection
  • The Niche
  • Numismatics
  • New Hobby

 

Starting a Collection

Rare coins are not something to invest in for profit. They do not typically gain value faster than inflation. They can yield a profit but may it take time. A keen collector will be able to tell which coins are a good investment and which are not. Coins with a historical significance that are in good condition tend to be more valuable. Currency and coins that have an earlier serial number in the mint are valuable as well. Having the full collection of coins increases their value as well.

 

Coins minted improperly are also naturally rare. In the Batman series, Two-Face’s double-sided coin served as an overly sentimental decision-making-tool which often foiled his plans. Rare currency collection is a good hobby, but someone with the intent of profit may not want to invest too much on a coin flip.

 

The Niche

Finding a niche can personalize collecting rare currencies. One may pursue all types of coins from when the Spanish armada occupied Florida. Getting ahold of a full collection may be more difficult. There is a rewarding feeling in finding that last coin and cheaper than collecting indiscriminately. Once a full collection is obtained, all individual coins become more valuable as part of the set.

 

Numismatics

Rare coin collection is a vivid display of how our values can differ from one another. In the study or collection of currency, numismatics, an object’s value can be measured in multiple ways. Legal or face value of a currency is defined by its printed label. A government asserts by law that a $5 bill is worth the same as 5 $1 bills. The market value of a currency is how much others are willing to pay for that object. This is the same as the legal value if the currency is still readily available and in circulation.

 

The intrinsic value of a coin is the market value of the metal which constitutes the coin. Paper currencies have almost no materially intrinsic value, but quarters and dimes produced before 1964 will carry more weight in silver material than their advertised value.

 

Pre-1929 U.S. paper money was 50% larger in size and had more intricate designs. The fifty-five dollar continental issued in 1779 features a picture of the sun beaming red rays on a plain while the border is intricately woven with patterns.

 

New Hobby

Getting into rare coin investment is not only for the lavishly rich. Currencies are always changing and new ones come into circulation and some have recently gone out of circulation. This allows newcomers to get involved with modern collections before they become a rarity. Distinguishing rare coins from fake or similar coins takes some experience and can become a skill when browsing collections.

 

For those needing an expert coin appraisal, contact William Youngerman. As one of the best rare coin dealers in Boca Raton, we can ensure a good start to any collectors journey. Call now at 1-800-327-5010 or visit https://www.williamyoungerman.com.

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.