{"id":674,"date":"2011-01-31T21:53:19","date_gmt":"2011-01-31T21:53:19","guid":{"rendered":"http:\/\/www.itmtrading.com\/blog\/?p=674"},"modified":"2011-01-31T21:53:19","modified_gmt":"2011-01-31T21:53:19","slug":"common-date-numismatic-gold-coins","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/common-date-numismatic-gold-coins\/","title":{"rendered":"Common Date Numismatic Gold Coins"},"content":{"rendered":"

In the world of numismatic coins, aka rare gold coins<\/a>, value is partially determined by rarity.\u00c2\u00a0 Rarity is typically described by number of coins known to exist in each grade.\u00c2\u00a0 It is where rarity and quality intersect that determines value.\u00c2\u00a0 Therefore, the higher the grade and rarity the higher the value; the lower the grade and rarity the lower the value.<\/p>\n

There exists a segment of the numismatic gold coin market called \u00e2\u20ac\u0153common dates\u00e2\u20ac\u009d or \u00e2\u20ac\u0153generics.\u00e2\u20ac\u009d These coins are the easiest to obtain and are of the lowest rarity inside of each grade.\u00c2\u00a0 For example, a common date coin in the $20 Liberty type would be the1900 Philadelphia mint (1900P).\u00c2\u00a0 An example of a common date coin in the $20 Saint Gaudens would be the 1908P no motto.<\/p>\n

Common date<\/a> coins tend to react more to fluctuations in the spot price of gold, especially in lower grades.\u00c2\u00a0 Although they do tend to be slightly more stable as they do not fluctuate dollar for dollar.\u00c2\u00a0 They will tend to move when spot makes larger more pronounced moves.\u00c2\u00a0 Bullion fans tend to like these coins because they have the bullion content like American Eagles do, but also have a small numismatic premium that blends the two worlds together.\u00c2\u00a0 This is especially true as you get lower on the grading scale.<\/p>\n

The VF (very fine) graded $20 Liberties sell for a couple hundred dollars more than what an American Gold Eagle sells for (bullion + numismatic premium).\u00c2\u00a0 Obviously the higher the grade is the further away from the spot price a coin will be, so an MS64 graded $20 Liberty<\/a> common date sells for just under $3,000.\u00c2\u00a0 Therefore, if you are looking for a nice coin that tends to perform more like bullion but tends to be slightly more stable, a VF $20 Liberty common date might be for you.<\/p>\n

Performance wise it makes sense to obtain coins in the mint state range because they do tend to perform better over the long run than bullion does.\u00c2\u00a0 For example, gold bullion has averaged 18.37% per year over the last ten years while the $20 1904P MS63 has averaged 23.53% per year, which is over 5% per year better.\u00c2\u00a0 Someone who is looking for the best performance over the long-term would be more inclined to acquire \u00e2\u20ac\u0153better dates\u00e2\u20ac\u009d in higher grades as historically they have performed much better than common dates and bullion.<\/p>\n","protected":false},"excerpt":{"rendered":"

In the world of numismatic coins, aka rare gold coins, value is partially determined by rarity.\u00c2\u00a0 Rarity is typically described by […]<\/p>\n","protected":false},"author":6,"featured_media":675,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1207],"tags":[24,25,63,104],"class_list":["post-674","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-20-liberty","tag-20-st-gaudens","tag-gold-coins","tag-rare-gold-coins"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/674","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/comments?post=674"}],"version-history":[{"count":0,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/674\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media\/675"}],"wp:attachment":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media?parent=674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}