Oftentimes when one hears the words “rare gold coins” those words are immediately linked in the mind with a museum exhibit or a rich old man with a long beard sitting in his library next to a roaring fireplace looking at rare gold coins through a magnifying glass. Those that have a little more adventurous spirit may conjure up images of a treasure hunting ship bobbing up and down on the ocean waters as divers a hundred feet below scour the sea bottom looking for the wreck of the Atocha or another sunken ship know to be carrying tons of gold coins that have been lost to the sea for more than a hundred years. What ever image your mind jumps to, the history and economics behind rare gold coins remains quite similar.
The Smithsonian Museum And What Are Now Rare Gold Coins
Take the idea of a museum exhibit or rare gold coins for example. Museums don’t exhibit worthless junk. In fact, often times when you hear the word “artifact” or “antique”, the word “priceless” precedes artifact or antique. Investing in something that becomes so valuable that it achieves the status of “priceless” denotes quite an astounding return on investment, and time after time rare gold coins have come close to achieving this “Holy Grail” status of investing in gold. Take for instance the 1933 Saint Gaudens Double Eagle that is owned by the Smithsonian. This rare gold coin is so storied and steeped in American History, that the best price that can be applied to the coin has become very outdated, but the last time the same type of rare gold coin was sold on the open market it fetched over $30 million, and this was quite some time ago. Today the value of a 1933 Saint Gaudens Double Eagle can only be estimated somewhere quite north of $30 million, but as you can see, investing in rare gold coins can return quite a profit.
The Smithsonian Museum Was Born From Gold Coins
As a side-note, did you know that the Smithsonian Museum itself was actually created and funded my the gift of thousands and thousands of gold coins from a single wealthy benefactor? Believe it, it’s true. Those gold coins, which were not rare at the time, were sold to fund the building of the Smithsonian, and also to purchase some of the original pieces that began to fill the new buildings. Imagine now what a few of those old gold Sovereigns would be worth if you could indeed supply the “provenance” or proof that they were purchased from the Smithsonian in order to fund construction! Those coins would now be a rare gold coins, and that simple act of investing in gold coins in order to help fund a little bit of America’s premier museum, would be repaid many times over when the common gold coins became rare gold coins. Stories like this happen time and again, and we will look at some more of them in future ITM Trading articles.
If you would like to get started in investing in rare gold coins, call ITM Trading today at 1.888.OWN.GOLD. We are here to be of service.