Collecting gold coins is a popular hobby, and can be a valuable investment as well. In the past five years the value of gold has nearly doubled in value and more investors are realizing that investing in gold coins is both fun and a sound financial decision.
Tips for investing in gold coins could be, older gold coins tend to retain their value better than newer gold coins. This is because hobby collectors like old coins, which tend to drive up their value, so think like a long-term investor. When you buy gold coins as an investment plan on holding them at least a year to maximize your potential profit. Think of gold coins as a part of your investment portfolio, they are a good investment to have during these economic times.
Many factors help determine the value of a gold coin. They include the condition of the coin, the age of the coin, and the number originally minted. Some of the most sought after gold coins by collectors are the Spur Ryal, the Aureus and the Solidus.
The Spur Royal is a rare English coin minted during the reign of King James I. When it was originally issued it had a value of fifteen shillings. The coin shows the king in a ship holding a sword and a shield. Around the picture is the following inscription. "IACOBUS DG MAG BRIT FRAN ET HIB REX - James by the grace of God King of Great Britain France and Ireland". The reverse shows a rose beneath a star with a lion and crown in each quarter section of the coin. The reverse has the following inscription "A DNO FACTUM EST ISTUD ET EST MIRABILE -- This is the Lord's doing and it is marvelous"
The Arues is a gold coin from ancient Rome. It was valued at 25 silver denarii when first issued. The coin used very pure gold in its minting usually having a purity in excess of 99% compared to the 90% found in a US gold dollar.
The Solidus was an ancient coin minted by the Romans, and it was first introduced around 301AD. The original value of the minted coin was 1000 denarii. The word soldier was derived from the gold Solidus because the Solidus was the currency used to pay the Roman soldiers.
Rare gold coins can sell for astronomical amounts of money. In July of 2002 a rare $20 Double Eagle sold for over 7 million dollars making it the most valuable coin ever sold. While not every investor can find the coin that will bring that kind of money, every investor can enjoy the satisfaction of owning gold coins.
Get a completely FREE copy of "A Beginners Guide To Coin Collecting" to get started in this fascinating hobby. Go to [http://www.beginningcoincollectingbooks.com/main.html] to get your free copy! You can also get $147 in FREE bonuses to help get your coin collecting adventure started quickly. These bonuses of coin collecting books [http://www.beginningcoincollectingbooks.com/main.html] may not be offered next month.
No comments:
Post a Comment