Million dollar coins like that are like needles in a haystack, so if you come across a gold coin which is missing the motto don’t go on a spending spree just yet.
Fort Worth (PRWEB) June 13, 2014
The whirlwind of attention surrounding a rarely-seen, highly-sought-after U.S. gold coin has prompted the official Certified Gold Exchange to issue an Investor Advisory. Following the publication of a May 30th Wall Street Daily article which mentioned a gold coin that did not bear the “In God We Trust” slogan Certified Gold Exchange spokesperson Janet Jones and her team in Fort Worth have fielded “innumerable” phone calls from individuals who, according to Jones, “either think they have hit the jackpot or are in possession of something completely worthless.”
Jones says the likelihood is that neither circumstance is true. “The U.S. Mint produced gold coins that did not say ‘In God We Trust’ during parts of multiple years, although the most widely distributed ‘no motto’ coin is the 1908 St. Gaudens Double Eagle,” Jones said. “Such coins trade at the same levels as other common-date gold coins which include the motto.”
The “no motto” gold coin mentioned in the Wall Street Daily article is an 1866 gold coin recently found in California, and that coin’s departure from the motto “is an extremely rare case,” according to Jones. “Million dollar coins like that are like needles in a haystack, so if you come across a gold coin which is missing the motto don’t go on a spending spree just yet,” Jones cautions. She recommends calling the Certified Gold Exchange directly so one of the company’s commission-free brokers can figure out exactly what sort of coin the caller has in his or her possession. “It’s unlikely to be a counterfeit or a million dollar coin, but you never know.”
Certified Gold Exchange, Inc. is one of North America’s premier precious metals trading platforms, providing unparalleled service to licensed dealers, institutions, and household investors since 1992. Certified Gold Exchange maintains an A+, Zero Complaint Better Business Bureau rating. For more information or a free “Gold Investor’s Guide,” visit http://www.certifiedgoldexchange.com or call 1-800-300-0715 today.