I would not be so bold as to predict what effect our current recession’s effect on rare coins will be, but will instead encourage prospective rare coin investors to consider the crippling recession of the 1970s. During the 70s, and even into the 1980s, our nation’s economy was stifled by a stagnant Wall Street, long unemployment lines, mercilessly rising prices, and relentlessly climbing interest rates. Those trying times are still fresh in the mind of this web-logger, and it seems like the vast majority of U.S. citizens are about to endure the same types of hardships once more. Those who are fortunate enough to hold wealth naturally want to protect and grow it, and trend savvy investors plan on using their knowledge of the past, to help sustain and perpetuate their future.

The 1970s recession’s effect on rare coins was advantageous, to say the least. While traditional investments in stocks and bonds were drying up, investments in certain rare gold coins like Double Eagles appreciated by as much as nearly 1000%. Rare gold coins carry much higher premiums than regular bullion, because their numismatic value tends to appreciate over time. During long-term recessions, the price of commodities like gold historically tends to rise, as dollar values struggle, and gold coins with inherent numismatic value can appreciate exponentially.

Investors who would like to discuss the recession’s effect on rare coins are encouraged to contact one of our friendly specialists, who offer institutional discounts on rare gold coins to household investors like you.

Shawn Penny