Many people are turning to precious metals for their investing needs lately, especially with the trouble in the economy and the volatility of the stock market. You might think immediately of gold bars as the investment purchase, but there are several other ways to buy precious metals. In fact, rare gold coins are rapidly gaining popularity, as well as silver coins and newer platinum coins. There are a few good reasons for this, and most of them center on the desirability of the coins.
Rare gold coins are beautiful, with striking designs and polished surfaces. When set next to a plain gold bar, the gold coin will win every time. Many of the coins were also designed by famous sculptors and artists, and the detail is apparent on every coin. Gold bullion coins have been minted by the United States Treasury as far back as the last 1700’s, which means that there are hundreds of years, several designs, and quite a few denominations from which to choose.
The most popular of the gold bullion coins is the gold American Eagle coin. With a face value of fifty dollars, it is valued according to the amount of gold bullion that it contains. This coins is recognized the world over for its purity and its backing from the government, making it a highly liquid investment. However, if you prefer rare gold coins, you should consider the American Buffalo gold bullion coin, which uses only gold that has been mined in the United States. For the true patriot, there is no better coin to own.
The Saint-Gaudens Double Eagle is another popular choice. The coin is so beautiful that many subsequent coins borrowed the Walking Liberty design. The original coin was minted in 1907 in ultra-high relief. There were only 12,000 of these coins minted before the relief was lowered and more coins were produced for mass circulation. The original version would be quite the addition to a coin collection, but the newer version is quite pretty, as well.
To get started collecting rare gold coins, you should first consult your financial advisor. Be sure that you understand precious metals prices and how they will affect the prices of your coins. It’s also good to know the history of precious metals so that you can be prepared for whatever the future brings. You can be certain, however, that your coins will help store your wealth for years to come.