I have mentioned several times over the past few months that there are several new coins being released by the U.S. Mint this year in celebration of America’s Semiquincentennial – the 250th birthday of the United States. Because of this, we are already seeing a surge in new rare coin collectors and investors entering the market – some are focused on the new coins coming, some are focused on pre-1933 gold coins and others are realizing the value of coins associated with our precious metals IRA program, featuring Gold American Eagle coins. As the interest in coins began to increase leading up to America’s 250th, we began seeing more and more people converting a portion of their conventional IRAs into gold IRAs and that helped increase the value of the coins we recommend for those exclusive portfolios.
Make sure to discuss all of these available options with your representative because there are some really historical and potentially long-term, lucrative options available. For example, the last time the U.S. Mint produced a $2.50 gold coin was in 1929 but there is currently legislation pending in the U.S. Senate to create a new $2.50 semiquincentennial coin. This has already increased demand and price for the sesquicentennial $2.50 gold coin from 1926.
According to the summary filed with H.R. 5616, “This bill requires the minting of $2.50 coins to commemorate the 250th anniversary, or the semiquincentennial, of the signing of the Declaration of Independence.
Specifically, the Department of the Treasury must mint and issue a $2.50 circulating coin upon determining that such minting is technically feasible, economically feasible, and not cost-prohibitive. The design of such a coin during the first five years of its issuance must be as described by the bill, however, subsequent designs may be selected by Treasury to celebrate the founding of the United States.
“Treasury may also mint and issue $2.50 numismatic coins (i.e., collectible coins) in silver, clad, and other alloys, including gold.”
So, while you’re considering options in classical rare coins or newly issued coins from the Mint to honor America’s birthday, don’t overlook the investment potential with a gold IRA.
