When you are diversifying your assets by investing in bullion, it’s important to be aware that not all gold and silver coins for sale are of equal investment value. Specially minted bullion coins issued by national governments have little value beyond their gold content. Certified rare coins, however, can be worth much more. Read on to learn what pitfalls to avoid when buying silver, platinum, or gold bullion coins.
Mistaking Bullion-Minted Coins for Rare Coins
Not all gold coins are rare. Krugerrands, Maple Leafs, and Gold Eagles, the three most common bullion coins , like silver or platinum bars, are worth only the current market price of the precious metal they contain. Other coins such as the Chinese Gold Panda or the Australian Gold Kangaroo, while less common, are not actually rare coins. Do not pay a premium above the gold price for any non-certified coins.
Mistaking Face Value for Actual Value
The value true rare coins depends on factors beyond the current price of gold. When you are purchasing coins with true numismatic value, which are often older mintings, don’t be fooled by the seemingly low face values. The rare Saint-Gaudens double eagle, for example, has the low face value of $20 and contains less than 1 troy ounce of gold, but is far more valuable than a 1 troy ounce Krugerrand.
Mistaking Contemporary Proof Coins for Rare Historical Coins
The U.S. mint, and other national mints, often strike supposed “limited edition” coins with special commemorative designs that sell for extremely high prices well above their actual gold, silver, or platinum bullion content. However, these coins are mass-produced and not in fact rare, so they may lose their markup value over time, unlike true certified rare coins, which appreciate over time.
At California Numismatic Investments, we offer certified rare coins, in addition to bullion bars and coins made of gold, silver, and platinum. Whether you are looking to buy or sell, call us today at (888) 880-7101 for the latest pricing information.