8 Coins That Make Great Gift Items For Your Precious Metal Loving Relative
The holidays will soon be upon us in less than a month. Now is the time to get ahead of the game, as it were, and start crossing off your gift list. In terms of gift ideas, what is better than coins for those loved ones who truly enjoy precious metals. Coins make unique, treasured gifts that last a lifetime. Here are 8 coins that make great gift items for your precious metal loving relative.
2019 American Eagle One Ounce Silver Proof Coin
The American Silver Eagles are a must gift item for any collector and anyone who loves precious metals. The series was first introduced in 1986, and is the official American silver bullion coin. Containing one troy ounce of silver, American Silver Eagle coins are an excellent way to invest in the precious metal. They are also acceptable in a precious metals IRA, making them the perfect choice for investors.
The motivation for the introduction of this coin series stemmed from presidential plans to sell off silver from the Defense National Stockpile in the 1970s. In 1981, for instance, the US government endeavored to sell 75% of its silver stockpile.
“Several administrations had sought unsuccessfully to sell silver from the stockpile, arguing that domestic production of silver far exceeds strategic needs. But mining-state interests had opposed any sale, as had promilitary legislators who wanted assurances that the proceeds would be used to buy materials more urgently needed for the stockpile rather than merely to reduce the federal deficit.” The Wall Street Journal explained at the time.
Periodically throughout the years, special issues American Eagle coins have been released. For example, in 1993, special Silver Eagles were minted to commemorate the 200th anniversary of the first official United States coins from the Philadelphia mint in 1793.
Apollo 11 50th Anniversary 2019 Proof $5 Gold Coin
This coin is a must not only for the precious metal-loving relative, but also the history buff. Part of the commemorative coin program, Apollo 11 50th Anniversary 2019 Proof $5 Gold Coin celebrates the half-century anniversary of the lunar landing, on July 20, 1969.
On the obverse (better known as “heads”), the design features the inscriptions “Apollo”, “Mercury” and “Gemini”, and a footprint on the surface of the moon. On the reverse (“tails), there is a close-up of the renowned photograph “Buzz Aldrin on the Moon”, which was taken on July 20, 1969. The design features Aldrin’s visor and a portion of his helmet.
This proof coin is composed of 90% gold, 6% silver, with a balance of copper, and comes with a certificate of authenticity.
World War I Centennial Silver Dollar
In December 2014, the World War I American Veterans Centennial Commemorative Coin Act (Public Law 113–212) was enacted by the Senate and House of Representatives. The impetus for the legislation was to commemorate the centennial of US involvement in World War I and honor the over 4 million men and women who served during the conflict.
In accordance with the Act, the Secretary of the Treasury minted and issued not more than 350,000 silver dollar coins, each containing 90% silver and 10% copper.
Additionally, the design that was used for these coins was from a juried design competition, with the winner selected by the Secretary. The winning design was created LeRoy Tranfield of Orem Utah.
2019 American Legion 100th Anniversary Uncirculated $5 Gold Coin
The 2019 American Legion 100th Anniversary Uncirculated $5 Gold Coin commemorates 100 years of The American Legion, the principal organization for US war veterans. On March 15, 1919, members of the American Expeditionary Forces (AEF) formed the organization in Paris, France. In September of the same year, the United States Congress chartered it. The American Legion’s primary focus has been focused on the interests of veterans and service members, in addition to individual communities.
The obverse design of this coin features the inception of the Legion, with an image of the Eiffel Tower and a “V for victory”, symbolic of the organization’s formation at the end of the war in Paris in 1919. The reverse (tails) depicts an eagle soaring, coupled with The American Legion’s emblem.
Trump 2020 Coin
Considering we are in the midst of the Impeachment Inquiry of Donald Trump, the Trump 2020 Coin could very well become a collector's item. Regardless, they do make a great gift idea for anyone on your list who loves precious metals. The coin comes in three variations: “Commander in Chief”, the “Gold Trump Coin”, and the “Silver Trump Coin”.
The “Commander in Chief” coin contains 1oz of pure 0.999 fine silver, and is the 2nd edition. The front features Trump saluting the American flag, while the reverse features his promise to the US. For those inclined, a special display case is also available.
Part of the “Freedom Coin Collection”, the Gold Trump Coin is deemed very limited and contains 1oz of 24 karat gold (0.999 fine gold). Likewise, the first edition Silver Trump Coin, which the gold version is based upon, contains 0.999 fine silver.
2019 Preamble to the Declaration of Independence Platinum Proof Coin
The American Eagle Platinum Proof Coin Program has been in existence since 1997. American Eagle Platinum coins are the official platinum bullion of the United States. There are four different weight denominations, and each coin is guaranteed to be 0.9995 fine platinum, making them eligible to be included in a precious metals IRA.
Every American Eagle coin is also available in proof versions, which are minted for their collectible value. This variation is more polished than a bullion version to enhance their appeal, but is otherwise identical to a bullion coin in quality, appearance, size, and shape.
The 2019 Preamble to the Declaration of Independence Platinum Proof Coin is part of the 2018 to 2020 series featuring a new design in each of the three years. The 2019 version features Lady Liberty in the foreground, with a bucolic Continental Divide scene harkening back to the age of pioneers. This coin contains one ounce of 99.95% platinum.
2019 American Eagle One Ounce Palladium Reverse Proof Coin
The United States Mint introduced a palladium version of its American Eagle series in 2017. The following year, a proof version was made available. Palladium versions are certainly the rarest of precious metals coins, and an essential gift for anyone who fancies the lustrous silver-white metal.
This is the first year that the American Eagle One Ounce Palladium Reverse Proof Coin has been made available to collectors and enthusiasts. Each of these coins contains 0.9995 palladium, and is minted in limited quantities.
The obverse features a likeness of “Winged Liberty” from a previous concept by world-renowned designer Adolph A. Weinman. The reverse portion of this coin also features a previous design version of Weinman’s, from the reverse of the 1907 American Institute Architects Gold Medal.
The American Buffalo One Ounce Gold Proof Coin
The American Buffalo One Ounce Gold Proof Coin holds an important distinction making it a fantastic gift idea for the loved one on your list who loves gold. This specific coin is the first 24-karat gold proof coin that the US Mint has ever released. This is the collector’s version of the bullion coin. This is one of the purest gold coins available on Earth, containing one ounce of 0.9999 fine 24-karat gold. Moreover, it comes in a tasteful hardwood box and Certificate of Authenticity, which adds to its appeal as a gift.
This coin design is based on the iconic 1913 Buffalo nickel that was designed by the world-renowned American sculptor, James Earle Fraser. Fraser’s work as a sculptor is integral to numerous famous structures found throughout the Washington D.C. area. The Buffalo nickel was minted from 1913 to 1938.
Now that the holiday season is upon us, ‘tis the season of giving and good cheer. For the loved ones on your list that relish precious metals, there’s no better gift than coins. Given that precious metals like gold and silver are enjoying a bullish market, coins make an excellent investment choice to include in a diversified portfolio. For those who are interested, have a look at our top 5 gold coins for investors and the top 5 silver coins for investors.