Why get a Trump gold or silver coin?
U.S. President number 45 and 47 has had quite the storied ascension to the pantheon of great U.S. presidents. Freedom-loving bullion collectors may want to celebrate President Donald J. Trump by buying a few gold and silver Trump coins donning the “Don’s” image.
The thing is, there are many different versions of Trump coins available, from officially licensed versions by the Trump brand to those from various mints that highlight key moments of his campaigns and presidency, including the July 13 2024 assassination attempt and the notorious August 24, 2023 “mug shot”.
When shopping for a gold or silver Trump coin, here’s what you should take into account:
What’s the intrinsic value of the Trump coin?
Knowing whether the coin is made of bronze, silver, gold or another material is key. Oftentimes, some coins may simply be gold-plated, so you’ll want to check the purity. Typically, .999 or .9999 purity is considered “fine” silver or gold, and as close to investment-grade as it gets.
However, whether investment-grade or not, many Trump coins come with a considerable premium, probably owing to the popularity of the commemorative coins and the importance of the Trump legacy. For example, the coins listed on Trump Coins are typically .9999 in fineness, although the premium on the spot price of gold appears to be between 30-50% for its Trump gold coins.
As of November 19, 2024 the spot price of gold is approximately $2,600 per ounce, so keep that in mind when shopping for 1 oz coins that may cost $3,000-$4,000.
What’s the quality of the Trump coin's striking?
The quality of a coin's strike significantly influences its aesthetic appeal. Coin striking involves impressing a design onto a blank metal (e.g., gold, silver, copper) disc, known as a planchet, using engraved dies under high pressure.
Techniques Impacting Image Quality
- Frosting: This method creates a matte finish on specific parts of the coin's design.
- High Relief Striking: This technique involves striking the coin multiple times to achieve a more 3D appearance.
- Proof Finish: Proof coins are struck using specially polished dies and planchets to produce a mirror-like background.
When evaluating a gold or silver Trump coin, examine the clarity and sharpness of the design. Coins with well-executed striking techniques will display fine details, such as facial features.
What’s the rarity of the coin?
The rarity of a coin is a crucial factor in determining its value. Limited mintage numbers often make a coin more desirable, so look out for limited mintages and editions.
Examples of Trump Coin Mintages:
- 2020 Donald J. Trump Inauguration Bronze Medal (76mm): This medal had a mintage of 10,000 pieces.
- 2017 Donald J. Trump Inauguration Medal by Medalcraft Mint: Produced in silver with a mintage of 14,135 pieces.
- 2024 Official Donald J. Trump 1 oz Silver Medallion (Proof): While specific mintage numbers are not provided, it's important to verify whether the coin is part of a limited edition or an open mintage.
Other factors impacting value of Trump coin
Is it made by a reputable mint?
Besides the above, you’ll want to make sure that the mint producing the coin is reputable, such as Scottsdale Mint or First Mint.
Is it sold by a reputable dealer?
The dealer is another factor: are they a trusted entity like SD Bullion, BullionMax, Money Metals Exchange, PIMBEX, Hero Bullion, JM Bullion, or APMEX? Reputable dealers often provide better customer service and guarantees on the authenticity of their coins.
Use BullionMatch to find the best Trump coin
If you want some extra assistance finding the best Trump coin for your collection, look no further than BullionMatch (see our Trump coins). We have one of the most extensive catalogs of bullion listings that can be easily searched and used to make Trump coin comparisons based on various factors, including mintage, price, type, metal, etc.