As promised, in part three of this article blog we will look at a way to go back and visit the past, rare gold coin auction style. The little disclaimer that always rolls across the bottom of TV ads regarding investment opportunities applies here; “Past performance is no guarantee of future profits” but we will address this as well in part four of this article-blog.
How To Invest In Rare Gold Coins And Have An Idea About Where You Are Going
The cold truth of the matter is that rare gold coins, like the 1907 Saint-Gaudens Double Eagle With Motto or1907 Saint-Gaudens Double Eagle No Motto, cost more than a similar one ounce gold coin that was struck last week. Well, a near perfect 1958 Corvette costs more than a 2014 Corvette that was built last week too. Beachfront property in Malibu costs way more than a new condo with an ocean view does. A rare gold coin and the 1958 Corvette and the Malibu beachfront property all have one thing in common; they are not making any more. Period. Forever. Another current truth that you can apply to this comparison; the population of the world is growing. So is the money supply around the globe. Cash is becoming less valuable everyday, and smart people are looking for a safe way to hold assets and wealth that will protect the hard work and effort it took to create and capture that wealth. Owning rare gold coins like the 1907 Saint-Gaudens Double Eagle With Motto or1907 Saint-Gaudens Double Eagle No Motto does just that, while kind of mixing in the supply-demand equation that comes along with the near-perfect 1958 Corvette or the pristine Malibu Beach property. Having, owning , and holding something that not everyone can have always seems to pay off in the end, because there are those out there that will eventually come around and decide that having a classic Corvette beats owning a new Lexus. Lexus can build a new car for everyone that wants one, and if they did, the price would fall. Lexus can’t build Corvettes, and you and I both know that.
Auction Results For Rare Gold Coins
PCGS is a company that grades rare gold coins. They also have a great website. You can visit their website at PCGS.com. Then you can click on the price guide. From their you can select $20 Saint-Gaudens gold coin, and that link will take you to a table showing pricing trends for each type and year of Saint-Gaudens Double Eagle ever minted. By clicking on a particular coin, you will be taken to a page with descriptive information, as well as previous auction history. I would do this with my clients, and the phone would usually go silent for a little while, while they did the math. It was not uncommon at all to see a rare gold coin go up 350% to 500% in the span of 7 or 8 years. Then I would ask them, “What else do you own that has increased in value in a similar fashion?” The phone usually stayed quiet a little while longer…