Learn Why Rare Coins Could Be A Wise Investment Directly At Rare-Coin.org
February 9, 2010 – Throughout the years, gold investment has been a solid way to both grow and protect wealth. While many people only invest in bullion, rare gold coins can be another good way to profit from investing in this precious metal. In the United States, rare gold coins are ones that were minted prior to the 1933 confiscation of gold by the US government.
The US Mint was established in 1792 and among its powers were the minting and distribution of coins. Gold coins were issued in 1795, starting with the Draped Bust $5 coin. Examples of this coin exist today and in MS-65 condition have a value of around $500,000.
The 1854 Type 2 Indian Head gold dollar is an example of another rare gold coin that is still available. The Type 2 was created to increase the diameter of the original to make it easier to handle, yet a design flaw limited production to only three years. Because of the limited quantities, these are highly valuable coins, with prices for 1854MS-67 grade pieces valued as high as $115,000.
Rare gold coins are prized by investors for a couple of reasons. First, a limited quantity of these exist today as high quality collector’s coins, the numbers being low because of the 1933 confiscation of gold by the US government. There are excellent coins available that are not only scarce, but in excellent condition and possessing an important piece of American history, making them prized collector’s coins.
The second reason that rare gold coins are highly desirable is that with this combination of rarity and quality, prices for the coins can be high and they can be quite profitable. The CU 3000 Index is used for measuring the value of rare coins. It covers 3000 different issues and grades and features 832 different coins. The index provides record of price movement in the rare coin market since 1970; this index shows that during the past forty years, the value of rare coins has risen over seventyfold.
High quality, unique pieces, historical value and potentially high return on investment are some of the reasons why people invest in rare coins. These pieces have the potential to bring beauty and value together in a special way.
Shawn Penny
Senior Staff Writer - Rare-Coin.org
