In today’s turbulent economy, one thing is for certain, gold coins are a good investment. Since the days of the ancients, gold has been used to bolster economies, and now you can do the same for your coin portfolio. By having gold coins as part of your portfolio, you are assured the overall value of your collection will increase as the price of gold increases. Precious metal coins can be purchased with ease these days, as they are available on the internet. Gone are the days where you would have to find a reputable coin shop.
Simply by going on eBay you can find a vast number of gold coins. Some of the more popular gold coins are American gold quarter eagle, eagles, and double eagles. Of course, the most popular of those is the St. Gauden’s Double Eagle, which depending on the dates, can fetch up anywhere between, $1000-$20000. A St. Gaudens Double Eagle from 1933 sold for a record $7.5 million dollars in 2002, the highest price ever paid for a coin.
Here is a list of the top 10 reasons to invest in gold coins:
1. Coins is Liquid, remember, bullion is Liquid. You can sell you precious metal coins pretty much at any time and anywhere and get cash.
2. You a virtually assured a profit. As an investment, gold continues to increase in value. In January, 2004 your were paying about $400 per ounce, in 2008 your were paying about $900 per ounce, simply a great investment. Furthermore, coins can become scarce, especially older coins from the 18th and 19th centuries. Continue reading “Investing in Gold Coins”