From central banks to Costco customers, it seems everyone is buying gold these days. The price of spot gold reached $2493 per ounce on July 17 . Year on year, gold has been up as much as 28.5%. Central banks see gold as a long-term store of value and a safe haven during times of economic and international turmoil. Dollars are increasingly unappealing for central banks who want to decrease economic reliance on the US. Which is why they are raising their holdings in gold to all time highs. This brings us to what may be the best value in the gold coin market today. Pre 1933 $20 gold double eagles. These heavy 1 ounce coins have almost NO PREMIUM compared to their younger cousins (like Gold … [Read more...]
Archives for July 2024
Visit our storefront at American Rare Coin & Bullion!
July 9, 2024
Founded in 2008 as an inbound call center for rare coins and bullion in Sour Lake, Texas, we've since relocated to a storefront in Beaumont. A+ Accredited business with BBB. While we still operate our call center, we now proudly serve the local community face-to-face. Our customers often tell us, "ARC is the only real coin shop in the area," and we are proud of that reputation. We offer a wide variety of rare coins and bullion and regularly buy precious metals and rare coins over the counter. Whether you're searching for a specific date coin or simply enjoy browsing historic pieces, come see what's new in our display cases. If you have an old collection you'd like to sell or trade, come by, and let's talk coins! … [Read more...]
