GOLD- THE HOLY GRAIL ?
Gold has long been considered a store of wealth. Men have desired it, collected it, and used it for trade and payment. Many investors and collectors prefer physical possession of Gold to other more elusive investments.
Gold is heavy and takes up a lot of storage space. Gold bars are difficult to transport and not very convenient to handle. Also gold pricing is tied to the melt cost of the metal, and that market can and does change daily.
Thankfully, for those of us in the coin business, there is a great alternative to bulk Gold. We are fortunate to be able to trade in Gold coins. There are two major types of Gold coins: Bullion coins and legal tender coins.
Bullion Coins: are produced in huge quantities, often with the same design spanning many year. Gold bullion coins like the Maple leaf, Panda, Kugerrand, and even the American Gold Eagle tend to closely follow the melt market price of Gold. The coins normally do not enjoy much if any appreciation other than that which comes from a rising Gold spot price.
Gold Legal tender Coins: are gold coins produced by the U.S. mint that have a legal tender face value, often different than their Gold content value. I find these types of coins to be an excellent investment as well as fun to collect and trade. The value of the coin does in part follow the Gold spot price but value is also determined by the minted population of the coin, its condition, and its numismatic value. Older coins in very good condition can often well outpace the Gold content vale.
I find some of the artwork on these coins to be among the most beautiful of any coins produced. I especially like the Indian head and St. Gaudens’ designs. I think there is a place in every collector’s portfolio for a few Gold coins.
Please visit my e-bay site at: http://stores.ebay.com/Coin-Shop-Liquidators
Thanks..Carl C.
COIN SHOP LIQUIDATORS- RARE COIN REVIEW 