Do You Have Buying Gold In Your Portfolio? Don’t Let Special Interests Misguide YouMay 24, 2020
If you have an inherited collection of coins, you could be on your way to success. The financial situations today does not give us the luxury of setting aside anything of value. This is the time to look through your treasure chest to find out what you can get out of your old coins. Coins are one of the few ways to earn easy money. It is important to take a step by step process while selling your coins.
Until a few years ago, Gold Eagles and Maple Leafs sold at the same markups over spot. But, as Maple Leafs, which investors have bought since 1979, started coming into the secondary market, problems surfaced. Now, to keep investors in the U.S. market buying Maple Leafs, the Royal Canadian Mint has to offer new (current year) Gold Maple Leafs at a half-a-percent below Gold Eagle prices.
I entered into the world of American rare coins from the investor background, but quickly became a numismatic. I’m now a little of both, collector and investor. A hybrid so-to-speak.
When you collect by type, you can buy beautiful examples of the more common coins of the type of coin you’re collecting. Series collecting almost demands that you have every piece in the series to call the collection complete.
And, Heaven forbid that a 1-oz Gold Maple Leaf is dropped on a floor or even a hard tabletop. But, most of the damage is done when investors handle the coins. If Gold Maple Leafs are handled roughly, as investors are used to handling Krugerrands and Gold Eagles, Gold Maple Leafs are easily damaged. Consequently, many badly damaged Gold Maple Leafs have come back into the secondary market.
Check out online directories that can give you free information on your coin. Finding out ways of selling coins online might help also. There are online sellers that value rare collection coins. Remember, eBay is not just for electronic gadgets but anything salable, such as custom challenge coins. More people get on the internet these days, so there can be a higher chance of selling it. You have to take note of the fees, because it might not be at your advantage after the fees are paid.
These coins are beautiful, one of their pluses. They are considered possibly the most beautiful of all coins. A nest of eagles is on the reverse side, and a walking liberty on the obverse side. They were minted and issued as $20 with a $20 face value. They can be bought directly from coin dealers or at auction, such as at eBay. Of all coins collected and traded, they are the most traded. They consist of 91.67% gold and are 22K. This is below the desired standard, but because of their beauty they are still much desired.
Which are better bargains, graded coins or raw? I suppose in the end, it depends on the circumstances, the amount of money at risk, the buyer’s ability to accurately judge the merits of the rare American coin in question, and even the seller’s experience in knowing what they’re selling.