So, now that you have studied the best way to invest in gold and have looked into how to invest in rare gold coins, and have also found a rare gold coin dealer you are comfortable with and feel confident about, you are three steps closer to purchasing a rare gold coin. In part one of this article-blog, I suggested that the 1907 Saint-Gaudens Double Eagle With Motto or the 1907 Saint-Gaudens Double Eagle No Motto coins are a good place to start. I explained a little bit about the history of this now rare gold coin, and next we’ll look at some financial reasons that this coin is a good place to start your rare coin collection.
A Rare Gold Coin, But Not Too Rare Of A Gold Coin
The fact of the matter regarding rare gold coins is that there are many different types of rare gold coins, and some are much more rare than others. Currently, you can spend around two thousand dollars for a very nice Mint State Uncirculated rare gold coin, or you could spend upwards of two million dollars. As you may expect, there are more buyers out there in the two thousand range, and this is one reason I usually suggested my clients start with coins like the 1907 Saint-Gaudens Double Eagle With Motto or 1907 Saint-Gaudens Double Eagle No Motto. These rare gold coins qualify for all of the benefits of a collectible as stipulated by the IRS, but they also track rather well with significant moves in the gold bullion market, and this can be important.
A Little Bit Of Both Worlds Out Of A Rare Gold Coin
As you may expect, if you owned the two million dollar one ounce rare gold coin and the price of gold went from thirteen hundred an ounce to twenty six hundred an ounce, the chances of the two million dollar rare coin doubling in value are slim (though it would very likely increase, just not by a factor of 100%) however, I have personally witnessed the purchase price and liquidation value of coins such as the 1907 Saint-Gaudens Double Eagle With Motto or 1907 Saint-Gaudens Double Eagle No Motto simply skyrocket as the price of gold jumped following the market crash of 2008.
Rather than buy rare gold coins that have a value in multiples of the spot price of gold, I like to see rare gold coin buyers new to the market begin with coins that they can do market research on. One tool that I would share with my newer clients was market research into auction results. I’m not talking Ebay here, either. Any rare gold coin you are considering purchasing should be able to be tracked in honest-to-goodness legitimate auctions, and in part three of this blog, I will teach you how to do just that.