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<p>[QUOTE="PaddyB, post: 2462282, member: 40017"]I am very glad to hear your investment has been going up in value! As I am not particularly familiar with modern coins - how much of that increase is due to the increased collectability of the coin and how much down to the change in Gold price? I don't know how much the coin would have cost new - what percentage increase does a $100 represent?</p><p><br /></p><p>My point is that for every modern coin that goes up in value in the short term, there are many more that take many years to even reach their purchase price except where bullion rates overtake the coin value. I haven't checked recently but I know a few months back you could buy a new Sovereign from the Royal Mint for the "bargain price" of GBP 395. At that time the Gold value of the coin was GBP 180 and even allowing for the premium for top quality gold proof, the best you expect to sell one for was around GBP 250. The Gold price needs to move a long way before you would get your money back![/QUOTE]</p><p><br /></p>
[QUOTE="PaddyB, post: 2462282, member: 40017"]I am very glad to hear your investment has been going up in value! As I am not particularly familiar with modern coins - how much of that increase is due to the increased collectability of the coin and how much down to the change in Gold price? I don't know how much the coin would have cost new - what percentage increase does a $100 represent? My point is that for every modern coin that goes up in value in the short term, there are many more that take many years to even reach their purchase price except where bullion rates overtake the coin value. I haven't checked recently but I know a few months back you could buy a new Sovereign from the Royal Mint for the "bargain price" of GBP 395. At that time the Gold value of the coin was GBP 180 and even allowing for the premium for top quality gold proof, the best you expect to sell one for was around GBP 250. The Gold price needs to move a long way before you would get your money back![/QUOTE]
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