Should I have my gold and silver bullion certified?

Bullion certifiers have raked in hundreds of millions of dollars over the last decade. The fear of holding fake gold and the understanding that certification equals a higher resell value have motivated many investors to have every piece of gold and silver in their possession certified, but many times a third-party certification is performed unnecessarily.

COMEX-Approved Bullion Bars- Well-known and highly reputable bullion manufacturers like Johnson-Matthey, Engelhard and Credit-Suisse receive COMEX approval for their products due to the strict quality controls in place. A certificate of authenticity from one of these three companies is worth far more than the approval of a private certifier.

Modern-Day Government-Certified Bullion Coins- The US Mint guarantees both the weight and purity of every bullion coin it produces. Newly-minted gold and silver coins must pass a thorough examination; if a coin fails said examination then it is melted down and re-minted. Most other national mints have similar requirements. Therefore, paying for the third-party certification of a commonplace gold or silver bullion coin is a waste of money.

Pre-1935 Government-Certified Gold and Silver Coins- The Professional Coin Grading Service (PCGS) and the Numismatic Guaranty Corporation (NGC) have certified some 40 million rare coins since 1986. The following coins can gain a great deal of financial value after being certified as Mint State coins by either PCGS or NGC:

  • Saint-Gaudens $20 gold coins
  • Lady Liberty $20 gold coins
  • Indian Head $10, $5 and $2.50 gold coins
  • Liberty Head $10, $5 and $2.50 gold coins
  • Stella $4 gold coins
  • Indian Princess $3 gold coins
  • Morgan and Peace silver dollars

 

If you have specific questions about your certified or uncertified bullion please call our Help Desk toll-free at 1-800-394-3337 or send us an email using the Contact Us link in the top-right corner of this page.

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