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<p>[QUOTE=&quot;NorthKorea, post: 1998787, member: 29643&quot;]That&#039;s quite possibly the worst advice you could give, Detecto.</p><p><br /></p><p>While gold coins currently have numismatic value, the only ones with a significant premium over spot prices are extreme rarities. The premiums for these coins are several multiples of the spot price, which means they&#039;re generally low liquidity. The price gets floated, since they rarely go up for sale.</p><p><br /></p><p>Someone could say the same about an original painting by Marc Chagall. The price is unlikely to fall, since the people who own them are unlikely to be in a situation where they&#039;re selling the piece at a loss. If they&#039;re expecting to take a loss, they&#039;d sooner donate it or pass it to the next generation. The only time these sell at a loss are when people who know nothing about art history end up in an auction and overpay, then realize they don&#039;t like it that much.</p><p><br /></p><p>If you&#039;re talking about more recent issues (post 1934), the actual sales of gold coins typically mirrors the gold value of the coins themselves. In fact, in the case of commemorative coins, they sometimes sell at a discount to the gold value.</p><p><br /></p><p>Saying that gold coins are a good investment due to their numismatic premiums doesn&#039;t really consider how the numismatic premiums are derived. The same logic you apply to coins could be applied to jewelry. If you&#039;re able to get high end jewelry for melt prices, that would be a great investment. However, if you have to pay the artisan premiums, then they&#039;re likely to be a horrible investment, relative to simply buying gold. I think the same holds true for gold coins v gold bullion: The premium you pay for the rarity of the coin isn&#039;t likely increase over time, since information is widely available on the internet today. It&#039;s far less likely for a pawnbroker, goldsmith or even a refiner to melt a &quot;rare&quot; coin (which is what you&#039;re talking about), since the media constantly talks about how people found a gold coin worth tens of thousands of dollars. Yes, a thief might sell the coin for melt, but the coin itself is highly unlikely to get melted.[/QUOTE]</p><p><br /></p>

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