PATRIOT TRADING GROUP

800-951-0592

[Most Recent Quotes from www.kitco.com]

Buy All American Gold Coins from PTG!

PTG individual coin sales...

Examples of some of the pre-1933 US Gold Coins we sell, as they become available to us. All quantities are limited but will be sold individually; all the various styles listed below (external links to PCGS information) are for your reference, but all listed coins may, or may not, be in our inventory:

$20. Gold Double Eagles
(1850-1933) Liberty & Saint Gaudens

$10. Gold Eagles
(1795-1933) Turban, Liberty, & Indian

$5. Gold Half Eagles
(1795-1929) Turban, Capped, Classic, Liberty, & Indian

$2-1/2. Gold Quarter Eagles
(1796-1929) Turban, Capped, Classic, & Indian

$1. Gold Dollars
(1849-1889) Liberty & Indian


American Gold Coins

$20 Liberty Double Eagle gold coins are one of the world's most recognized gold pieces. A workhorse coin of trade, it was one of the building blocks of the growing U.S. economy and financial markets in the 19th and 20th centuries. $20 Liberty gold coins were used in every aspect of American economic life, from the average guy on the street to multi-million dollar international financial transactions. The classic portrait of Miss Liberty on the coin's obverse will always serve as a powerful reminder of the emergence of the United States as a world power in the latter half of the Nineteenth Century.

Augustus Saint-Gaudens Gold

The $20 Saint-Gaudens Gold piece is one of the most beautiful coins ever minted by the United States. It was designed by Augustus Saint-Gaudens and minted from 1907 to 1933. There are two specific design types minted as business strikes: the No Motto Type (1907-1908) and the With Motto Type (1908-1933). While there are several very expensive dates within this series, the 1933, which is the last year of issue, is considered as non-collectible since none were placed into circulation. This was the year the U.S. government began confiscating gold coins from the public. In 1907, the first coins struck were High Reliefs; there were 11,250 minted with the Roman Numeral date MCMVII. Later that same year, the government began striking Saints with Arabic numerals (361,667 minted in 1907).


Gold Retains Value

American Gold EagleGold does not move up or down in terms of real value - the price of paper (fiat) currency is what changes. One ounce of gold during the Great Depression of the 1930s would buy a very nice man's suit. The same is true today - one ounce of gold will sill buy a very nice man's suit. Our paper money is what changes in value and is rapidly becoming more worthless every day, through inflation. The ONLY way to keep up with inflation is to have some of your assets in gold and silver. Put your money in real money. The REAL VALUE of GOLD will NEVER GO TO ZERO; not so with fiat currency.

Paper money eventually returns to it intrinsic value - zero. ~ Voltaire

In contrast to political money, gold is honest money that survived the ages and and will live on long after the political fiats of today have gone the way of all paper ~ Hans F. Sennholtz

GOLD is Wealth insurance

tenth oz gold eagleGold and silver investments are valuable because they function as 'wealth insurance' for the protection of your investment portfolio. Paper currencies, throughout history, have always been unsustainable. Precious metals in the form of gold coins or gold and silver bullion, are better 'protected' assets in that nobody but the marketplace impacts their value during times of inflation, hyper-inflation, or even deflationary periods. Yes, gold can go down during periods of deflation or depression, but the value of paper currencies is likely to drop even more.

O Gold! I still prefer thee unto paper, which makes bank credits like a bank of vapor. ~ Lord Byron, Don Juan

DOW/GOLD Ratio Going to 1:1 ?

On August 4, 2011 the DOW/Gold ratio slipped below the 7:1 ratio threshold for the third time in modern economic history. The last two times that happened (in 1933 and again in 1980) the DOW/Gold ratio proceeded to the levels of 1:1. The DJIA closed down about 512 points to 11384 while gold closed in NY at $1,666. /oz. For the third time in the past century, the DOW closed 278 points below the 7:1 ratio level (1,666 x 7 = 11662 - 11384 = 278). Historically, breaking this threshold 7:1 ratio foreshadows a steep adjustment in DOW/Gold ratio to levels of 1:1.

Dow/Gold Ratio - historic chart

Because financial and economic conditions today are far worse than in 1980 and arguably as bad as they were in the early 1930s, it is probable that the DOW/Gold ratio will again reach a low around the 1:1 in the near future.

When the price of one ounce of gold reaches its inflation adjusted high in 1980 of $2,400/oz., the Dow Jones may fall to as low as 2,400... or the 1:1 ratio. Given the massive amount of money printing and credit creation together with ongoing inflation-creep, it could be at a much higher level (e.g. the DJIA at 6000 and gold at $6,000/oz.) as well, depending upon the rate of possible hyperinflation.

Gold's High 'Liquidity' Value

Gold and silver bullion and collectible US coins, are universally valued world wide and therefore are not at the mercy of exchange rates, stock market values or any other outside influences. In essence, gold and silver US coins = money and give you much more purchasing power in any economic climate. The appropriate time to sell your gold or silver is when you need the cash.

U.S. Gold Coins as Legal Tender

A few generations ago, Americans used gold and silver coins as "spending money" and never thought anything about it. That was before our monetary system converted to a fiat currency system, backed by gold. The Silver Certificates issued as money, with the backing of a stockpile of gold held at an undisclosed location in Fort Knox, KY, were also redeemable on demand, in silver coins. Pre-1934 Gold and Silver coins were widely circulated for commerce at their face value because our 'money' was backed by a gold standard in the United States.

In the early 1930s, the Federal Reserve fixed price of dollars with respect to the gold standard by raising interest rates, trying to increase the demand for dollars which resulted in deflation and runs on banks. There was simply not enough money to be had by ordinary Americans, and the economy contracted significantly, resulting in The Great Depression.

Gold Coins Confiscation - FDR, 1933

Executive Order 6102 was signed on April 5, 1933, by U.S. President Franklin D. Roosevelt "forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates within the continental United States" and criminalised the possession of monetary gold by any individual, partnership, association or corporation.

Order 6102 specifically exempted "customary use in industry, profession or art"—a provision that covered artists, jewelers, dentists, and sign makers among others. The order further permitted any person to own up to $100 in gold coins ($1,677 if adjusted for inflation as of 2010; a face value equivalent to 5 troy ounces (160 g) of Gold valued at about $7800 as of 2011).

Rare Coins

Paul Volcker was responsible for defining 'rare coins' for purposes of the IRS / Treasury in 1969, and later in 1975, Nixon made it LEGAL for Americans to own gold coins, once again, but took our monetary system off the gold (& silver) standard. After that, the Federal Reserve Notes (paper currency issued as legal tender) were no longer specifically redeemable for silver, because our monetary system was then based upon the "full faith and credit" of the United States of America... another reason why the 'debt crisis' is so important to the global and US economy. If we cannot pay of the National Debt, how 'good' will the credit of the USA remain? As a country we have always paid our bills, but now the multi-trillion dollar debt is NOT payable or sustainable in the foreseeable future.

Gold Eagle - First American Bullion Coin

It was not until the Gold Bullion Coin Act of 1985 that the American Gold Eagle was authorized as the first American Bullion coin. The current gold bullion coins now minted in the US are valued for gold content, rather that face value.

1/10th oz gold eagle coinU.S. Liberty Gold Eagles -
Available in 1/10th oz., 1/4 oz. 1/2 oz., 1 oz. denominations
Gold fraction = .9167 (22 karat) - 91.67% gold, 3% silver, 5.33% copper
Selling price varies with current spot price of Gold.

Private Gold

'Private' gold in amounts under $10k can be bought/sold/traded without reporting your social security number to the IRS or submitting a 1099 form. The IRS classifies precious metals (bullion, coins, or even ETFs) as "collectibles" and the tax rate is 28% vs the 15% for most long-term capital gains. Contact a tax advisor for details.

With the exception of the period of the gold standard, practically all governments of history have used their exclusive power to issue money to defraud and plunder the people. ~ F. A. Hayek


For your information...

Gold Bullion Coins - International Mints:

1986 American Gold Eagle - 91.67% Au 3% Ag 5.33% Cu (22-k)
2006 American Buffalo - 99.99% pure gold
1987 Australian Kangaroo - 99.99% pure gold
1989 Austrian Vienna Philharmonic - 99.99% pure gold
2000 British Sovereign - (91.67% gold) (first minted - 1489)
1979 Canadian Maple Leaf - 99.99% pure gold
1982 Chinese Panda - 99.99% pure gold
1981 Mexican Libertad - 99.9% pure gold
1967 South African Krugerrand - 91.667% gold, 8.333% copper (22-karat)


Non-Confiscatable Gold Debate

In that we are no longer on a 'gold' standard, and because gold no longer is a large part of our monetary reserves, a future confiscation of gold makes little sense.

When gold was confiscated by FDR, all pre-1934 gold coins were NOT exempt as some assume. It was illegal for Americans to HOARD gold coins that were in wide circulation for everyday trade and commerce. Paul Volcker was responsible for defining 'rare coins' for purposes of the IRS / Treasury in 1969, and later in 1975 Nixon made gold coins legal to own, once again.

From Richard Smith's article, "Confiscate This!":

On April 22, 1969, the Treasury (over the signature of Paul Volcker, then Under Secretary for Monetary Affairs, and later head of the Federal Reserve Board) issued rules and regulations (Title 31, Money and Finance: Treasury, Chapter I - Monetary Offices, Department of the Treasury, Part 54, Gold Regulations, "Gold Medals for Public Display and Antique Gold Medals.") that eliminated all licensing requirements for the importation of gold coins produced prior to 1934. This 1969 ruling defined "rare coins" (gold) in the following statement:

"(b) Gold coins made prior to 1934 is considered to be or recognized special value to collectors of rare and unusual coin."

Under the section headed "Rare coin," it amended the regulations to read that "(a) Gold coin of recognized special value to collectors of rare and unusual coin may be acquired, held, and transported within the United States without the necessity of holding a license therefor." This was in 1969, remember, after the 'recall' of gold coins was but a distant memory.

Another viewpoint on gold confiscation by FDR's EO 6102...

A MYTH CONCERNING GOLD CONFISCATION
Roland Watson - Gold-Eagle.com
Gold confiscation is a subject that divides gold investors. Some say it won't happen again and others say it will happen again. The one thing they tend to agree on is that they don't want it to happen again.

.... from EO 6102
"All persons are hereby required to deliver on or before May 1, 1933, to a Federal Reserve bank or a branch or agency thereof or to any member bank of the Federal Reserve System all gold coin, gold bullion, and gold certificates now owned by them or coming into their ownership on or before April 28, 1933, except the following:

(b) Gold coin and gold certificates in an amount not exceeding in the aggregate $100.00 belonging to any one person; and gold coins having recognized special value to collectors of rare and unusual coins."


FYI - Gold and Travel: Warning!

Recently, a news article came to our attention stating that problems can arise when gold and silver coins are transported from the U.S. to other countries, or in the reverse. Legal documentation and dollar amount of gold may impact your travel abroad, especially if you plan to travel with more than $2,500. in tangible commodities (i.e. gold or silver). You may also be subject to asset seizure without two government documents / declarations if you get on an airplane. A U.S. Treasure document is also required when transporting currency or negotiable instruments worth $10,000 or more. Please read the article below for details:

Government Takes Away Gold and Our Rights
by Bob Bauman, LewRockwell.com
It is a sad indictment of the dictatorial policies of the U.S. government when an honest citizen has to fear confiscation of his or her private property, but that is today's reality in Police State America.
An official policy continues of wanton confiscation of gold and gold coins by U.S. government agents, not only from innocent travelers, but in lawsuits against legitimate gold coin owners.