When I'm asked if you can buy rare American coins, world gold coins, silver eagles, or bullion coins with a credit card, the simple answer is "yes". But there are only certain dealers or venues that will accept your card. So, it is possible to buy coins with a charge card, if you shop at the places which accept them.
As a general rule, online coin dealers are far more likely to accept credit cards than your local coin shop. The online sales almost always charge higher prices for those purchases than check or wire transfer.
Generally a local rare coins dealer only accepts cash for your purchases. This is a long standing tradition with them. Coin dealers will say they can only sell at the lowest prices with a cash payment. They give paper receipts, so it's not like they're trying to hide the transaction.
Many people buying US rare coins, world gold coins, or bullion coins want it at the lowest price available. This can't happen with what the credit card companies charge retailers for accepting them. As mentioned before, expect to pay more for your purchase, if you elect to use that means.
I think the local dealers are missing an opportunity to make extra sales when they don't allow you to buy rare American coins, world gold coins, or silver eagles, with a credit card. We are in an electronic money age and cash is being used as a medium of exchange less frequently anymore.
There are many online coin and bullion dealers that allow you to buy rare American coins with a charge card. If a credit card is all you have available, there are many dealers to choose from.
If you buy coins from the US mint, that's the only form of payment they accept. I regularly buy directly from the US mint using a credit card, and probably pay a higher price because of it.
Venues like Amazon and eBay/PayPal make it possible to buy gold coins and silver coins with a credit card. They accept ACH debits from a checking account for payment as well. I use both methods when making purchases online.
Whenever the topic comes up, I often respond with "do you really want make your rare US gold coins, world gold coins, or rare American coins purchase that way?" I can tell you from personal experience that is a way to lose control of your budget. It is way too easy to keep charging when you don't have the resources to repay.
Most local coin shops and coin shows only accept cash. That's good for me anyway. It helps keep spending under control. I've never had consumer debt on credit cards. I don't consider coin purchases to be consumer debt, because they usually either increase in value or stay the same, but rarely decrease substantially.
I've learned that credit card debt is all the same. Expensive. You may earn points from the purchase, but that doesn't come close to what you'll pay in double digit interest.
It is much better to buy with cash or at the very worst, a low interest loan. Avoid paying the double digit interest on your coins. Generally speaking, if you have to charge something, you can't afford it. Only get what you can afford.
You could end up losing the coin value of silver dollars or gold coin value to the interest on a credit card. Use a credit card only if you have to, and pay off the principle every month, if you do use one. Otherwise use a different way to purchase your coins.
Kamis, 30 November 2017
Selasa, 07 November 2017
What Is the Difference Between Regular Options and Binary Options?
Similarities
Both Traditional Options and Binary Options are forms of derivatives - their price derived from an assets value. They are essentially both contracts that give the trader the right, but not the obligation, to buy or sell an underlying asset - that can be stocks, currencies, indices, bonds and commodities - at a specific price on or before a certain date.
The asset is used both in Traditional Options and Binary Options trading exists solely as a proxy, as a benchmark for the option itself to determine whether the contract has expired in-the-money or out-of-the-money.
Differences
Pay Out
As with most investments the most important aspect to compare between binary options or digital options and traditional options is the payout.
In digital options trading the payout is predetermined at the onset of the contract and can be anywhere between 50 - 90% if the contract expires 'in-the-money'. In the case of a vanilla option, the payout is variable and the payout is dependent on the size of the assets movement once passed the strike price.
In traditional options, an investor pays per contract (i.e. pips). This means that the investor will profit or lose an amount depending on the number of pips difference between the expiry level and the strike price. This is unlike in binary options where the two outcomes, giving its Bi-nary nature, are fixed from the start.
Expiry Time
There is a notable difference in the expiry time between Traditional Options and Digital Options, although less so since Binary Options trading online exploded in 2008. Traditional options generally offer monthly or quarterly expiry times, whereas Binary Options have expiry times at hourly, daily, weekly and monthly points, allowing you to make a trade with just 5 - 15 minutes before the expiry time.
The short term multiple expiry times enable investors to make an instant profit on their digital options providing much more flexibility in their option investments.
Execution
The sale of a vanilla option can be executed at any point up to the expiry time. This is unlike the execution of a binary option which can only be exercised at the time of expiry.
An investor in a binary option must hold onto his option until the expiry date. He must therefore take more care when purchasing his options as he cannot sell them once they are purchased, unlike in traditional options where the investor can sell an option at any point before the expiry time, creating more flexibility.
Risk vs Reward
This is where the difference between Traditional Options and Binary Options really gets highlighted. In Binary options, an investor can never lose more than they invested and can even get a refund of up to 15% of their investment amount, even if a prediction finishes out of the money. The reward for such limited risk if the prediction finishes in the money, is less than that a traditional option can potentially offer, which can be from 0 - infinity. However, traditional options can be leveraged which although magnifies the rewards, greatly increases the risk.
It is the risk v reward factor that sees many new traders, with limited or no experience of trading the financial markets. Binary Options offer just simple yes/no investment decisions that can be made multiple times within a day and do not require the constant monitoring of markets over a number of days and weeks to decide whether or not they want to exercise their option to either buy or sell the asset. The rewards can be potentially much higher in traditional options but they can take considerably longer with the increased risk of the profit or loss being dependent on the swing in the movement, which coupled with leveraged trades, can mean losing much more than you invested.
Both Traditional Options and Binary Options are forms of derivatives - their price derived from an assets value. They are essentially both contracts that give the trader the right, but not the obligation, to buy or sell an underlying asset - that can be stocks, currencies, indices, bonds and commodities - at a specific price on or before a certain date.
The asset is used both in Traditional Options and Binary Options trading exists solely as a proxy, as a benchmark for the option itself to determine whether the contract has expired in-the-money or out-of-the-money.
Differences
Pay Out
As with most investments the most important aspect to compare between binary options or digital options and traditional options is the payout.
In digital options trading the payout is predetermined at the onset of the contract and can be anywhere between 50 - 90% if the contract expires 'in-the-money'. In the case of a vanilla option, the payout is variable and the payout is dependent on the size of the assets movement once passed the strike price.
In traditional options, an investor pays per contract (i.e. pips). This means that the investor will profit or lose an amount depending on the number of pips difference between the expiry level and the strike price. This is unlike in binary options where the two outcomes, giving its Bi-nary nature, are fixed from the start.
Expiry Time
There is a notable difference in the expiry time between Traditional Options and Digital Options, although less so since Binary Options trading online exploded in 2008. Traditional options generally offer monthly or quarterly expiry times, whereas Binary Options have expiry times at hourly, daily, weekly and monthly points, allowing you to make a trade with just 5 - 15 minutes before the expiry time.
The short term multiple expiry times enable investors to make an instant profit on their digital options providing much more flexibility in their option investments.
Execution
The sale of a vanilla option can be executed at any point up to the expiry time. This is unlike the execution of a binary option which can only be exercised at the time of expiry.
An investor in a binary option must hold onto his option until the expiry date. He must therefore take more care when purchasing his options as he cannot sell them once they are purchased, unlike in traditional options where the investor can sell an option at any point before the expiry time, creating more flexibility.
Risk vs Reward
This is where the difference between Traditional Options and Binary Options really gets highlighted. In Binary options, an investor can never lose more than they invested and can even get a refund of up to 15% of their investment amount, even if a prediction finishes out of the money. The reward for such limited risk if the prediction finishes in the money, is less than that a traditional option can potentially offer, which can be from 0 - infinity. However, traditional options can be leveraged which although magnifies the rewards, greatly increases the risk.
It is the risk v reward factor that sees many new traders, with limited or no experience of trading the financial markets. Binary Options offer just simple yes/no investment decisions that can be made multiple times within a day and do not require the constant monitoring of markets over a number of days and weeks to decide whether or not they want to exercise their option to either buy or sell the asset. The rewards can be potentially much higher in traditional options but they can take considerably longer with the increased risk of the profit or loss being dependent on the swing in the movement, which coupled with leveraged trades, can mean losing much more than you invested.
Sabtu, 28 Oktober 2017
Knowing the Risk to Manage the Binary Options Trading
Risk in binary options trading is inevitable. It is the duty of the trader to counter such risks by knowing them in detail, and develop the possible strategies and money management techniques.
It is undoubtedly correct to have the early information about the possible risk, so that necessary steps can be taken to counter it. Similarly, in binary options trading, which is a trading platform and contains some major risks, it is vital to have a deep understanding of each type of linked risk by the trader so that the chances of losses are diminished. As a form of financial trading, the binary options trading is not completely free form the risk factor because the markets conditions can change very rapidly in any direction, either up or down at any minute. The dependency of the move of the price of the asset is not dependent on single factor; it involves various elements like economic conditions, political conditions, latest news, any natural mishap or rumor.
For Success, Take Notice of Risks
The first risk that is present in binary trading is the uncertainty of the price shift as the main concept of trading is based on the shift in the price of the underlying asset and not the size of the price movement. This leads to uncertain condition in the trade if the a slightest move may hit the financial market.
The other major risk that is associated with the binary trading is that the time of trade is not dependent on the choice trade. The traders are given the particular date of expiry and it is the choice of the trader to choose the expiry time or not. With this, the risk of not conducting the trade when trader wants arises.
Manage the Trade for Risks Accordingly
The major benefit that traders get from the platform of binary trading is the know-how of the possible risk associated with the trade, which gives the margin to the trader to design the strategies and adopt the available binary tools to avoid the risk. All the binary trading risks are provided in the agreement of the broker at the time of creating the trading account, so that the traders can be well aware about them in advance in case of loss situation and can have a proper understanding of the consequences and other important aspects. Therefore, before making the investment in trading, the trader is required to develop money management techniques and various strategies to counter the chances of risks. In this regard, the guidance and assistance of the broker also plays a crucial role.
It is undoubtedly correct to have the early information about the possible risk, so that necessary steps can be taken to counter it. Similarly, in binary options trading, which is a trading platform and contains some major risks, it is vital to have a deep understanding of each type of linked risk by the trader so that the chances of losses are diminished. As a form of financial trading, the binary options trading is not completely free form the risk factor because the markets conditions can change very rapidly in any direction, either up or down at any minute. The dependency of the move of the price of the asset is not dependent on single factor; it involves various elements like economic conditions, political conditions, latest news, any natural mishap or rumor.
For Success, Take Notice of Risks
The first risk that is present in binary trading is the uncertainty of the price shift as the main concept of trading is based on the shift in the price of the underlying asset and not the size of the price movement. This leads to uncertain condition in the trade if the a slightest move may hit the financial market.
The other major risk that is associated with the binary trading is that the time of trade is not dependent on the choice trade. The traders are given the particular date of expiry and it is the choice of the trader to choose the expiry time or not. With this, the risk of not conducting the trade when trader wants arises.
Manage the Trade for Risks Accordingly
The major benefit that traders get from the platform of binary trading is the know-how of the possible risk associated with the trade, which gives the margin to the trader to design the strategies and adopt the available binary tools to avoid the risk. All the binary trading risks are provided in the agreement of the broker at the time of creating the trading account, so that the traders can be well aware about them in advance in case of loss situation and can have a proper understanding of the consequences and other important aspects. Therefore, before making the investment in trading, the trader is required to develop money management techniques and various strategies to counter the chances of risks. In this regard, the guidance and assistance of the broker also plays a crucial role.
Selasa, 03 Oktober 2017
Rare American Coin Collecting Resources for Serious Collectors
If coin collecting is truly your passion, learn all you can about it. Learn about the coins that interest you in particular. Learn about world gold coins. Learn about rare American coins. Learn about rare coin prices. Learn about American gold coin values.
Learn about areas of the hobby you never thought would be interesting. The more you learn, the more silver and gold coins fascinate you. I read everything I can from many different sources.
There is also a lot of good information on the PCGS website and NGC's website. I consider all the above websites to have a lot of authority when it comes to US rare coins.
I read weekly publications such as: Numismatic News. I receive the Coin Dealer Newsletter every month to keep current on rare American coin as well as common American coin pricing.
I also have a library of gold and silver coin books. If you don't already own "The Redbook Guide to United States Coins", by R.S. Yeoman buy it. Study it. It is published annually by Whitman. This book will teach you the basics of rare American coins. A wealth of information is contained in just the first 30 pages.
I have always liked Scott Travers' classic book, "The Coin Collector's Survival Manual". The seventh edition was released in November 2010. This was written for more advanced collectors, but reading more advanced material is how you gain expertise in a subject.
I would also suggest finding a copy of Walter Breen's "Comprehensive Encyclopedia of U.S. Coins", published in 1988. This book features a wealth of very valuable information and some excellent discussions of U.S. coin types.
Learn about areas of the hobby you never thought would be interesting. The more you learn, the more silver and gold coins fascinate you. I read everything I can from many different sources.
There is also a lot of good information on the PCGS website and NGC's website. I consider all the above websites to have a lot of authority when it comes to US rare coins.
I read weekly publications such as: Numismatic News. I receive the Coin Dealer Newsletter every month to keep current on rare American coin as well as common American coin pricing.
I also have a library of gold and silver coin books. If you don't already own "The Redbook Guide to United States Coins", by R.S. Yeoman buy it. Study it. It is published annually by Whitman. This book will teach you the basics of rare American coins. A wealth of information is contained in just the first 30 pages.
I have always liked Scott Travers' classic book, "The Coin Collector's Survival Manual". The seventh edition was released in November 2010. This was written for more advanced collectors, but reading more advanced material is how you gain expertise in a subject.
I would also suggest finding a copy of Walter Breen's "Comprehensive Encyclopedia of U.S. Coins", published in 1988. This book features a wealth of very valuable information and some excellent discussions of U.S. coin types.
Senin, 25 September 2017
How to Choose The Viable Binary Option Strategies To Maximize Profit
Finding The Best Binary Option Strategies To Profit From
Binary Options trading is an innovative concept of trading. The new concept creates a simple system that allows you to either lose or gain. Binary options system provides you with two options. If you are expecting the price to increase, you can choose to place a "call option". If you are expecting the price to fall, you can choose to place a "put option". You can make use of other strategies as well in order to make your mind.
The pairing strategy, also known as straddle, allows you to place both the options discussed above on a trade. Let us suppose that you have chosen a "call option" on an asset that is expected to expire in an hour. After 30 minutes, the price of the asset goes up quickly. At this point, the price is likely to decrease quickly so you might choose to place a "put option" and the amount should be the same. The "put option" should be based on the asset price at the time of placing the option, not at the beginning price. This will expire one of the options "in the money". This will maximize your profits and minimize your losses.
Another strategy is termed as the Reverse Strategy. In order to use this easy and safe strategy, you must be familiar with the market. In the trading market, asset prices are affected by routine market events. You should choose a strategy once you have collected enough information about those events and the way they affect the assets. Normally, you have to take actions after an event has occurred and the prices have stabilized. If the prices reduce to the minimum level, you should consider placing a "call option".
You may check out the Non Directional Strategy if you have enough knowledge and experience. When the market is unstable, the prices of assets continue to fluctuate. In such a situation, you have to make decision based on your speculations about the asset prices. Aside from that, you might choose assets with lowest prices.
In order to choose and implement the best strategy, you choose use the services of a binary options broker. You have to do some research to find an experienced broker. Binary options brokers can handle most your work. With their assistance, you can gain as much as 75 per cent on your investment. It is important to mention that some brokers offer a rebate of 15 per cent on options expiring "out of the money". Using a broker is an ideal choice if you have no experience in trading.
Binary Options trading is an innovative concept of trading. The new concept creates a simple system that allows you to either lose or gain. Binary options system provides you with two options. If you are expecting the price to increase, you can choose to place a "call option". If you are expecting the price to fall, you can choose to place a "put option". You can make use of other strategies as well in order to make your mind.
The pairing strategy, also known as straddle, allows you to place both the options discussed above on a trade. Let us suppose that you have chosen a "call option" on an asset that is expected to expire in an hour. After 30 minutes, the price of the asset goes up quickly. At this point, the price is likely to decrease quickly so you might choose to place a "put option" and the amount should be the same. The "put option" should be based on the asset price at the time of placing the option, not at the beginning price. This will expire one of the options "in the money". This will maximize your profits and minimize your losses.
Another strategy is termed as the Reverse Strategy. In order to use this easy and safe strategy, you must be familiar with the market. In the trading market, asset prices are affected by routine market events. You should choose a strategy once you have collected enough information about those events and the way they affect the assets. Normally, you have to take actions after an event has occurred and the prices have stabilized. If the prices reduce to the minimum level, you should consider placing a "call option".
You may check out the Non Directional Strategy if you have enough knowledge and experience. When the market is unstable, the prices of assets continue to fluctuate. In such a situation, you have to make decision based on your speculations about the asset prices. Aside from that, you might choose assets with lowest prices.
In order to choose and implement the best strategy, you choose use the services of a binary options broker. You have to do some research to find an experienced broker. Binary options brokers can handle most your work. With their assistance, you can gain as much as 75 per cent on your investment. It is important to mention that some brokers offer a rebate of 15 per cent on options expiring "out of the money". Using a broker is an ideal choice if you have no experience in trading.
Sabtu, 16 September 2017
Silver and Gold - Rare American Coins, the Changing Face of Miss Liberty
Have you ever noticed on the really early American coins where there was a representation of a female "Liberty"; she looked very matronly, and sort of grandmother-like.
The Draped Bust and Capped Bust liberties in my opinion weren't particularly attractive women. This was generally true on both the gold and silver coinage from the late 1700's up to the early 1900's.
The US Mint evidently couldn't afford to have different dies designed for each denomination of coin. When they chose a theme, they used it on all their silver coinage. Flowing Hair, Draped Bust, Liberty Seated and Barber were good examples of this. It wasn't until the later 1800's that different images were used on each denominational value.
Some advances were made in the Liberty Seated silver coinage by Christian Gobrecht, as well as in the trade dollar. They had more symbolism in the portrayal of Miss Liberty and more attractive renderings. Generally though, these two coins depicted few facial features.
Charles Barber designs were not outstanding by any measure, and made the new 1916 Liberty Standing and the 1916 Walking Liberty designs that much more impressive by contrast. Their time had come.
In 1907, Theodore Roosevelt hired Augustus St.Gaudens to change the image of US gold coins. Prior gold coins universally depicted an almost silly looking woman as Miss Liberty. St.Gaudens revolutionized our gold double eagle coins by showing a frontal view of an attractive woman symbolizing US values and courage.
Prior to this, US coins only had profile views of the bas-relief sculptural subject. This now set the standard for the much improved Liberty Standing quarter and Walking Liberty half dollar. The era of the marginally ugly coin had finally ended.
Following St.Gaudens' lead, an attractive depiction of a female liberty was the 1916/1917 Liberty Standing quarter dollar, designed by Hermon MacNeil. This original version with the exposed right breast of liberty wasn't acceptable to the American public, even though partial nudity on coins was somewhat commonplace in Europe at the time.
In the same year, 1916, Adolph Weinman's design of the Walking Liberty half dollar also depicted a very attractive young woman symbolizing liberty. In both these issues, "Miss Liberty" became much younger and more attractive. 1916 was a good year for improving the image of US silver coinage.
Anthony de Francisci, designer of the Peace dollar certainly used a younger, and much more attractive model/representation of liberty than George Morgan chose for the Morgan silver dollar. Don't get me wrong, I love the intricate hair detail in the Morgan dollar. The details are what make that coin so exceptional.
In 1909, another change started taking place in US coinage. Rather than an anonymous representation of liberty, they started placing the image of an inspiring leader on the obverse. We started seeing the likes of Lincoln, Roosevelt, Washington, Kennedy or Franklin on our fractional coinage.
We don't get back to a really ugly face again until the Eisenhower "silver" dollars were made. But that's in a different time, a time when silver isn't being used in silver coins anymore.
The US is no longer representing a metaphoric Miss Liberty on its coins, but inspiring leaders... and while Ike was a great general, as a president, he wasn't that inspiring.
The Draped Bust and Capped Bust liberties in my opinion weren't particularly attractive women. This was generally true on both the gold and silver coinage from the late 1700's up to the early 1900's.
The US Mint evidently couldn't afford to have different dies designed for each denomination of coin. When they chose a theme, they used it on all their silver coinage. Flowing Hair, Draped Bust, Liberty Seated and Barber were good examples of this. It wasn't until the later 1800's that different images were used on each denominational value.
Some advances were made in the Liberty Seated silver coinage by Christian Gobrecht, as well as in the trade dollar. They had more symbolism in the portrayal of Miss Liberty and more attractive renderings. Generally though, these two coins depicted few facial features.
Charles Barber designs were not outstanding by any measure, and made the new 1916 Liberty Standing and the 1916 Walking Liberty designs that much more impressive by contrast. Their time had come.
In 1907, Theodore Roosevelt hired Augustus St.Gaudens to change the image of US gold coins. Prior gold coins universally depicted an almost silly looking woman as Miss Liberty. St.Gaudens revolutionized our gold double eagle coins by showing a frontal view of an attractive woman symbolizing US values and courage.
Prior to this, US coins only had profile views of the bas-relief sculptural subject. This now set the standard for the much improved Liberty Standing quarter and Walking Liberty half dollar. The era of the marginally ugly coin had finally ended.
Following St.Gaudens' lead, an attractive depiction of a female liberty was the 1916/1917 Liberty Standing quarter dollar, designed by Hermon MacNeil. This original version with the exposed right breast of liberty wasn't acceptable to the American public, even though partial nudity on coins was somewhat commonplace in Europe at the time.
In the same year, 1916, Adolph Weinman's design of the Walking Liberty half dollar also depicted a very attractive young woman symbolizing liberty. In both these issues, "Miss Liberty" became much younger and more attractive. 1916 was a good year for improving the image of US silver coinage.
Anthony de Francisci, designer of the Peace dollar certainly used a younger, and much more attractive model/representation of liberty than George Morgan chose for the Morgan silver dollar. Don't get me wrong, I love the intricate hair detail in the Morgan dollar. The details are what make that coin so exceptional.
In 1909, another change started taking place in US coinage. Rather than an anonymous representation of liberty, they started placing the image of an inspiring leader on the obverse. We started seeing the likes of Lincoln, Roosevelt, Washington, Kennedy or Franklin on our fractional coinage.
We don't get back to a really ugly face again until the Eisenhower "silver" dollars were made. But that's in a different time, a time when silver isn't being used in silver coins anymore.
The US is no longer representing a metaphoric Miss Liberty on its coins, but inspiring leaders... and while Ike was a great general, as a president, he wasn't that inspiring.
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