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U.S. Mint Pre-33 Gold Coins
Pre -1933 Gold Coins are highly sought after by collectors and investors worldwide. These coins survived the 1933 legislation from President Roosevelt that prohibited anyone from holding monetary gold, ordering all gold coins to be sent back to the Treasury.
The surviving Pre-1933 gold coins are collectible, rare and highly in demand because of their rarity and value.
Before 1933, the Gold Standard was in place, requiring all U.S. currency to be backed by real gold.
Buying Pre-1933 gold refers to purchasing gold coins minted before 1933 in the U.S.
The year 1933 holds significance in the U.S. gold market due to President Franklin D.Roosevelt’s executive order requiring U.S citizens to turn in their gold coins, bullion and certificates to the Federal Reserve in exchange for U.S. dollars. The idea was to combat the Great Depression by removing gold from the monetary system and devaluing the dollar.
Why Buy Pre-1933 Gold Coins
There are many reasons why investors and collectors are interested in Pre-1933 gold coins.
Historical Significance
Pre-1933 gold coins provide a tangible connection to American history.They reflect the artistry, craftsmanship and events of their era.
Numismatic Value
In addition to their precious metal content, many pre-1933 gold coins carry a premium because of their rarity, condition and demand.
Diversification
Owning pre-1933 gold coins can diversify your precious metals portfolio. While modern gold coins and bullion are valued mainly for their metal content , older coins may also have numismatic value
Potential Exemption from Confiscation
One reason sometimes cited is that pre-1933 gold coins may be exempt from potential government confiscation or mandatory buyback scenarios, as they were in the 1930’s due to their numismatic status.
Limited Supply
Many of these coins may become harder to find as time passes, potentially increasing their rarity and value.
Pre-1933 Gold Coins survived the 1933 legislation from President Roosevelt that prohibited anyone from holding monetary gold, ordering all gold coins to be sent back to the US Treasury.
The executive order required U.S citizens to turn in their gold coins, bullion and certificates to the Federal Reserve in exchange for U.S. dollars. The idea was to combat the Great Depression by removing gold from the monetary system and devaluing the dollar.
There are many reasons why investors and collectors are interested in US bullion coins for sale like the golden Eagle coin exchange of the US Mint.
- Historical Significance:
Pre-1933 gold coins provide a tangible connection to American history, reflecting the artistry, craftsmanship and events of the era. - Numismatic Value:
In addition to their precious metal content, many pre-1933 gold coins carry a premium because of their rarity, condition and demand. - Diversification:
If you shop coins made before 1933, you can diversify your investment portfolio, by including American precious metals beyond modern gold coins and government bullion. - Potential Exemption from Confiscation:
These coins may be exempt from mandatory buyback scenarios as they were in the 1930’s due to their numismatic status. - Limited Supply:
Many of these coins may become harder to find as time passes, potentially increasing their rarity and value.
- Coin Grading FAQ
- What does MS mean on a coin?
Mint State (MS) The numerical grades MS-60 through MS-70, used to denote a business strike coin that never has been in circulation. A Mint State coin can range from one that is covered with marks (MS-60) to a flawless example (MS-70).
- Uncirculated (MS-60, 61, 62): An uncirculated coin with noticeable deficiencies, generally either an overabundance of bagmarks, a poor strike, or poor luster.
- Select Uncirculated (MS-63): An uncirculated coin with fewer deficiencies than coins in lower uncirculated grades. In general, this will be an uncirculated coin with relatively ordinary eye appeal. Select Uncirculated is sometimes used to refer to a coin grading MS-62.
- Choice Uncirculated (MS-64): An uncirculated coin with moderate distracting marks or deficiencies. These coins generally have average to above average eye appeal.
- Gem Uncirculated (MS-65, 66): An uncirculated coin with only minor distracting marks or imperfections. At this point, mint luster is expected to be full, although toning is quite acceptable.
- Very Fine (VF): The coin will have medium to light wear overall, and all general details will be visible. As a rule of thumb, for seated coins, Barber coins, Liberty Nickels, and Indian Head Cents, all seven letters of LIBERTY will be visible and strong.
- Extremely Fine (XF): The coin has light wear over the high points only. There may be some traces of mint luster. Also commonly abbreviated as EF.
- About Uncirculated (AU): The coin has wear ranging from extremely light to only a trace of friction on the highest points, along with medium to nearly full luster.
- Brilliant Uncirculated ( BU): A coin described as BU means the coin is in Brilliant Uncirculated condition, meaning the coin has not been circulated and shows no signs of wear.
- What’s the difference between PCGS and NGC grading
While both use a 70-point grading scale and offer a guarantee of authenticity, their grading philosophies differ.
PCGS is known for its strict grading standards and technical focus, while NGC takes a more holistic approach that considers the historical significance and rarity.
- Payment FAQ
- Are there any additional taxes on metals added at checkout?
There are no additional taxes or processing fees at checkout.
- Do I need to provide credit/debit card information for bank wire or ACH payments?
No, credit card needed on file for wire transfer or ACH payments. Wire transfer/ACH must be done within 2 business days from placing order to lock in sale price.
- How do I place an order by Bank Wire Transfer or ACH?
Bank wire payments have a $250,000 maximum. Select “Bank Wire/ACH” as your payment method at checkout. On your order confirmation page, you will see our Bank Wire/ACH transfer instructions and account information. These will also be emailed to you. Please take these instructions to your bank and initiate your Bank Wire/ACH transfer within two (2) banking day of order placement to lock in sales price. Most banks charge about $20-$35 for wire transfer service. To avoid your bank surcharge, choose ACH instead. Bank wires usually take about half a business day to be received. You will be sent an email confirmation upon receipt of your bank wire or ACH payment. We will then begin preparing your order for shipment. An email notification will be sent when your order ships within 3 business days via Fed Ex or USPS from our Delaware Depository.
- What payment methods do you accept?
Wall Street Metals accepts payment by Credit Card (Visa, MasterCard, American Express & Discover), Check, Wire Transfer & ACH.
Most banks charge about $20-$35 for wire transfer service. To avoid your bank surcharge, choose ACH instead.
Note that there is a 3% surcharge when paying via Credit Card which is added at checkout.
- Shipping FAQ
- Is my package insured while in transit?
We fully insure all shipments. Should anything happen while your package is in transit to you, it will be covered by our Lloyd’s Of London insurance policy. If we determine the package is lost or damaged, we file a claim. We reserve the right to re-ship your items or refund your money at our discretion.
- Do you offer FedEx shipping to Alaska and Hawaii?
Due to special requirements set by the postal systems, we are unable to ship outside lower 48 states.
- Do you ship to US territories?
We do not ship to US territories. Due to special requirements set by the postal systems & our precious metals insurance carrier, we are unable to ship outside of U.S. states.
- Do I pay for the shipping on my home storage purchase?
We offer free shipping on all orders over $500. Smaller orders incur a $19.99 shipping charge. Furthermore, all of the packages we send out are fully insured and include tracking. This means you will be able to track your package while it is on its way to your home.
- Where do you ship orders from?
All orders ship from our Delaware Depository in Wilmington, Delaware where our coins our stored.
- How will I know when my order ships?
We will notify you by email once your order ships with carrier & tracking details.
- Will I need to sign for my package?
All orders require a signature for delivery. Please note, per our Terms and Conditions, once a package shows delivered, our responsibility ends. Please be available and attentive to receive the package when the courier arrives. Due to COVID 19, couriers are not always getting the signature.
- How do you ship orders?
Orders are shipped in inconspicuous packaging via either FedEx or USPS.* Our shipping policy, which is based on order size. All shipments have tracking #, are fully insured & require a signature upon delivery.
- When will I receive my order?
When you will receive your order depends primarily on three factors:
When we receive your payment (wires & ACH must be initiated/sent by you) Please note that you will receive a Paid email once your payment is received.
Holding period after cleared payment. Depending on your payment method, we will hold the order once payment is received and cleared. The hold periods by payment method are listed in checkout and in your confirmation email.
Shipping method and transit time. FedEx & USPS will be used. Tracking will be emailed to you 3 business days after payment processed.
- Do You Offer International Shipping?
No, our precious metals insurance carrier (Lloyd’s Of London) covers USA only (excluding Alaska & Hawaii)
- What States Do You Ship To?
The Lower 48 states only. Our precious metals insurance carrier only covers USA (excluding Alaska & Hawaii)