New Certification of Authenticity For Gold Coins

New certification requirement for Golden Eagles

According to NumisMaster.com, a new service will soon debut enabling certification of authenticity for gold bullion coins.

"This week, the Numismatic Guaranty Corporation (NGC) and participating vendors are announcing the debut of a new coin service - certification of authenticity of bullion coins that can be held by precious metals Individual Retirement Accounts.

The main bullion-priced product for which this is expected to be used is the one-ounce gold American Eagle. One requirement of precious metals IRAs is that the merchandise must be stored at an independent facility.

If an investor is holding a 20-coin tube of American Eagles in an allocated account, for instance, there really isn't any proof that a particular group of 20 coins is the same one originally received for that investor."

Full article here.

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