Rare Gold: A Wise Investment
Rare Gold Coins: A Wise Investment
Anyone interested in investing in gold may consider acquiring rare gold coins as a great means to start off. Gold has been a major currency for a long time and consequently many rare coins are now the pride of a numismatist’s collection, becoming even more precious with time.
Some Examples of Rare Gold
A Russian farmer named, Gennady Zimin, dug up a rare gold piece worth one million pounds in his farm as reported by the Daily Mirror on January 26, 2011. However, it was not his destiny to be benefitted from it, as he first thought it as junk and tried to sell it on eBay for just 50 pounds. Later on, Moscow museum chief noticed the protected hoard on eBay and finally it had to be submitted to the authorities.
Yet another interesting incident took place as reported on Jan 27 2011 by Dave Bettley in Runcorn and Widnes Weekly News. Two major rare gold pieces came into the limelight, with the news of their sale beginning in the first week of February 2011.
- A gold watch associated with the birth of Manchester City in 1894 is gaining popularity among gold collectors. It is expected that this 18 karat hunter chronograph watch will be valued at as much as £8,000 in the auction.
- The second rare gold piece is a pre-Wembley FA Cup Winners’ Medal. This 1914 winners’ medal was granted to Burnley player Edwin Mosscorp after the victory of the team over Liverpool. The historical significant of this medal is attributed to the fact that this was the last final match to be played at Crystal Palace during the reign of George V. This rare piece of 15 karat is to be auctioned at Bonham’s Chester. Experts are predicting that this medal would sell at around £5000 to £7000 in the auction.
Another rare gold piece that is being talked about is a $20 St. Gaudens’s gold coin. This coin is one of the 200 coins that were sewn into a leather jacket by a Jewish family and smuggled out of Europe to protect them from the Nazis in 1940. This rare coin has now been gifted to the Ground Zero Museum Workshop in New York by a famous rare coin dealer John Albanese. The founder of the Museum, Gary Marlon Suson, says that this coin will be put on display for general public viewing with effect from February 2011.
Investment in Rare Gold
The value of gold has almost doubled in the past five years. Even while the stock markets crashed, the price of gold surged. Inspired by this, many investors are considering gold as an investment decision. The probability of making huge profits becomes higher when it comes to investment in rare gold. This is because older gold coins have historical relevance and an associated value for that. In July 2002, a rare $20 Double Eagle was sold for more than $7 million in an auction making it the most most valuable gold coin to be sold in history.
Individuals with a long-term horizon consider gold as a good investment option. While not every investor can be lucky enough to find the kind of coin that will sell for millions, one can acuire gold coins that have a decent level of rarity and a high level of quality which lend to increased potential gains. All gold is rare, according to Dr. Joel Wallach’s Rare Earths, the average occurrence of gold in igneous rock is 0.004 parts per million, as compared to 0.07 parts per million for silver. But not all gold coins are considered rare.