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Why one should collect Gold Coins.
Why one should collect Gold Coins.
Like many collectors I collected Baseball cards in the 1970s, 80s and 90s. The late 80s brought a frenzy of collectors to the field because of the popularity of Ken Griffey Jr. But the 90s brought over printing and the supply was much more higher then the demand causing a crash. Along with this crash the card industry adapted and found out that there was a high end market. The reasons to collect gold coins is four fold:
1. Gold Coins on the other hand were never minted in extremely high numbers.
2. The actual coin material is worth money.
3. The Quality of the Coin raises the worth.
4. Does the coin have a history (check out my post on the 1933 Double Eagle Saint)
Compared to other collectibles Gold Coins makes for one of the best investments out there.
For another Example:
Stamps:
1. Are worth more when they are rare (same as gold coins)
2. Are worth more in good condition (like gold coins)
3. Are worth more if they have a history (hmmmmm a pa tern is forming)
4. The actual material is worth something (usually not) 3 out of 4 is not bad.
The only other type of collection that I can think of that rivals gold coins is other coins. I do not consider Jewelry to be a collection that is easily bought and sold for profit.
As one can see Gold coins are a great collectible investment.
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Contributor's Note
I am currently working on two new sites www.goldcoinsearch.com
www.gibsons4sale.com
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PLEASE VISIT THE CONTRIBUTOR'S WEBSITE
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