Gold Coin Pendant Review

Gold Coin Pendant

For the last five years gold has seen incredible jumps in price stimulating public interest in all sorts of things having to do with this yellow precious metal. Are all gold things created equal and is all that glitters gold? Should you spend your hard earned cash on coins mounted on pendants?

A gold coin pendant is made by means of fitting authentic precious metal coins into a pendant mount using various techniques intended to preserve the original state of the coin as much as possible. However, it’s clear that as soon as a gold coin pendant is made, the actual coin loses its numismatic value and can no longer hold its value in the true gold coin market. In addition, if you actually start regularly wearing such gold coin pendant, especially if it’s made from 24 karat content, these will be subject to considerable surface damage due to wear and tear and can lose even more value with time.

Coins fitted in necklaces or pendants could be classified as gold jewelry. While initially it might seem like a good idea to buy jewelry as means of investing, it’s not always the case. The price of precious metal jewelry carries a great deal of mark ups going beyond dealer fees you would normally pay to purchase a bullion coin or bar. These additional fees include middle men charges, overhead and various costs associated with labor and material that go into jewelry making. If you compare the end price with the actual precious metal content, you will realize that you might be paying way too much for you investment.

While most numismatists do not seriously think twice about investing in any type of gold coin jewelry, however, there are some individuals who find such jewelry in form of gold pendants or gold coin rings to be very aesthetically appealing and worth every penny invested.

If you by all means set your mind on adding a few gold coin pendants to your collection, please keep in mind what to look for to find the best products on the market. The best gold coin pendants use brilliant uncirculated coins of 22 karat purity without obvious wear or scratches to the surface. To ultimately preserve a coin’s integrity knowledgeable jewelers will mount them on screw top 14 karat bezels allowing you to “extract” the coins once a need arises. Among bezel types you can choose plain style or rope adding another design dimension to the pendant.

Some of the most popular pre-1933 gold coins that are fitted into pendants are gold dollar Liberty and Indian Heads coins, St Gaudens gold coins. Almost all of these coins are in almost uncirculated grades because brilliant uncirculated varieties are just too valuable to be fitted into gold coin pendants. Among fine European gold coins you may stumble upon French gold francs, British Sovereigns and Swiss francs.

Among modern American coins, American gold Eagle coin is perhaps one of the most popular gold coin pendant designs to add to your modern coin jewelry collection or simply to adorn your favorite dress with. Such jewelry is highly in fashion and you can spot quite a few celebrities nowadays sporting such pendants.

It’s highly doubtful that gold coin jewelry is a sound investment; perhaps the best way to profit from the strong market price of gold is considering buying physical gold in form of bullion coins and bars from reputable sources with high customer ratings.