Gold Coins as Gifts
Can I give gold to my children or grandchildren or other heirs ?
Along with real estate, gold has traditionally been the way to transfer wealth from one generation to the next. Many people take advantage of the $10,000 annual untaxed gift limit to pass down a permanent form of wealth within the family, on a regular basis.
On what occasions is gold an appropriate gift ?
Traditionally, gold coins are given as wedding gifts, and also are given to newborns. There is no better start for a couple just getting married, than to receive some gold as a savings for future use. Bestowing gold coins on new babies is also a popular gift of gold. Graduations are also an appropriate time, as that’s when a young person starts out in the world, and shouldn’t have to do so empty-handed, so to speak.
Is gold a good gift for young people ?
We think gold is much better than cash as a gift, in that gold has a permanence that plain money doesn’t have- money is to be spent, gold is to be saved. A gift of gold presents a young person with the idea of savings, a sense of permanent wealth, as opposed to some numbers that simply flow through his or her checking account. Gold has a weight, presence, and brilliance, that distinguish it from other financial assets a person might own. Hopefully, it gives a sense of savings and thrift. But certainly, it will make more of an impression than just another check.
Can you ship gold that I buy as a gift ?
Yes, we can ship gold directly to the recipient you chose, anywhere in the United States. They will receive your gift via Registered U.S. Mail, and we can include a card from you if you’d like. Some of our clients take advantage of the annual tax free gift limit, and give their children or grandchildren $10,000 packages each year.
Let us know if you’d like to make such a gift to your loved ones.
Onlygold did business at the same location for more than sixteen years. CMI Gold & Silver Inc. has done business from three locations in Phoenix since 1973.
Both firms are Accredited Businesses with the Better Business Bureau, and neither firm has had a complaint filed with the BBB—ever!
In addition to having really strong bids on gold, silver, platinum, and palladium in coin and bullion form, we also purchase a wide range of numismatic coins. We have especially strong bids for old US gold coins.
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CMIGS 3800 N. Central Avenue, 11th Floor, Phoenix, AZ 85012