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Why I think old gold coins are a decent investment.
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<p>[QUOTE="Detecto92, post: 1998776, member: 75105"]This is only an opinion..</p><p><br /></p><p>Silver coins exist in too high of numbers.</p><p><br /></p><p>Gold, the price of it goes up and down, as do most investments.</p><p><br /></p><p>BUT, when gold prices hit extremes, many gold coins got melted, because their bullion value exceeded their numismatic value.</p><p><br /></p><p>But..looking at the charts, when gold and silver went down, so did the coin prices, but precious metal prices kept falling when it seems gold and silver coins hit a "bottom".</p><p><br /></p><p>Look at the price of Morgan dollars, even "junk ones", they always have a premium higher than their silver value, EXCEPT when silver skyrockets in price, as many morgan and peace dollars got melted during the spike in the 80's.</p><p><br /></p><p>So I think gold coins are safer than just gold, because if gold prices fall, the coin itself will be worth more than the gold price, protecting your investment somewhat better had you just bought simple private mint bullion.[/QUOTE]</p><p><br /></p>
[QUOTE="Detecto92, post: 1998776, member: 75105"]This is only an opinion.. Silver coins exist in too high of numbers. Gold, the price of it goes up and down, as do most investments. BUT, when gold prices hit extremes, many gold coins got melted, because their bullion value exceeded their numismatic value. But..looking at the charts, when gold and silver went down, so did the coin prices, but precious metal prices kept falling when it seems gold and silver coins hit a "bottom". Look at the price of Morgan dollars, even "junk ones", they always have a premium higher than their silver value, EXCEPT when silver skyrockets in price, as many morgan and peace dollars got melted during the spike in the 80's. So I think gold coins are safer than just gold, because if gold prices fall, the coin itself will be worth more than the gold price, protecting your investment somewhat better had you just bought simple private mint bullion.[/QUOTE]
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