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May 19, 2010
Which is a better investment Rare Coins or Gold Bars?
Hi, I am interested in investing in physical gold. In your opinion, which is a better investment - Historic rare coins that have collector value or straight gold bars bought as close to market price as possible?
Filed under gold coins by admin on May 19th, 2010.
Comments on Which is a better investment Rare Coins or Gold Bars?
How much time do you want to invest in research?
Buying historic rare coins requires you to do some research to know if you’re getting a good deal. You are also betting on two things, the value of the gold, and the value of the rarity. If you buy gold bullion, then, you’re just betting on the value of gold. I’d go for the pure gold bet if I was looking to bet on gold, since I don’t know much about values of rare coins. However, if you want to take the time to learn about rare coins, you have the possibility of increasing your wealth from two sources with rare coins.
Then again, you could also invest in gold mineing companies which would make more money when the price of gold goes up, and are easier to store and trade than gold bars.
I hope that helps.
Unless you are really interested in becoming a coin collector stay with the bullion. The numismatic value of coins can go down as well as up and it is a lot harder to keep track of. Also, the difference in the buy/sell price of rare coins can be significant. There are also coins that are minted for people want to own physical gold that don’t have a high premium over the bullion price. Consider gold based ETFs as well. Good Luck!