Daily Rare Coin News
Rare gold coin investments can be quite profitable, especially over a number of years. The best performance is typically in the high end of the market, in the uncirculated grade 60 and above. Unfortunately, not everyone can afford to invest $100,000 such as with a Draped Bust Gold Eagle from 1795 to 1797. The most rare and best preserved gold coins have a history of providing excellent returns on investment but they are not the only way to go.
The PCGS Generic Gold Coin Index is a cross section of gold coins priced at $1,000 in 1970. The same group of rare coins is priced at around $35,000 today. This 35 fold increase is better than the performance of gold bullion, the Dow Jones or even real estate for that same period of time.
In making rare coin investments, it is wise to work through a reputable dealer of rare gold coins. The investor does not need to search for the rarest of coins, but looking for relatively underpriced rare gold coins with the help of an expert in the field will help make the investment even more profitable over the years.
There are popular coins in the rare gold coin market and there are sleepers. A professional in the field will help search out the forgotten coin, selling for a very reasonable price, before it is “found” and becomes popular raising its price.
As the dollar resumes its perpetual slide, there are two ways in invest in gold: bullion and rare coins. Both have prospered over the last years and rare gold coins hold the promise of better results over the long term.
Shawn Penny
Senior Staff Writer - Rare-Coin.org
