2010: The Year of Rare Gold Coins
A rare gold coin made in Bristol during the reign of King Edward IV (1464-1470) is likely to sell for $5000-$7000 at Spink in Bloomsbury, London, on December 2, 2010. The obverse of this rare half-ryal features a portrait of Kind Edward IV holding a sword in one hand and a shield in the other.
A British brother-sister pair found two rare gold coins from the reign of Spain’s King Charles IV in a Lincolnshire field in mid April of 2010. Later in the year, they found two more coins. The coins have been named the 8-escudos and are believed to have been struck sometime during the late 18th century. The coins portray the image of the Spanish king’s bust on one side and Spain’s royal arms encircling the collar of the Golden Fleece on the other. Such rare coins had never been found before in the United Kingdom, claims International Business Times in Gold Matters.
Yet another example of the discovery of rare gold coins was published by NDTV India on November 25, 2010. The world-famous Paris Mint, known as ‘Monnaie de Paris’, divulged an atypical work of art – a gold coin with the imprint of the Taj Mahal, an ancient Indian Monument, on it – at their Manhattan showroom on November 17, 2010. The key feature of this limited edition coin is that it is the world’s first coin to have 68 hand-set Cartier diamonds studded on it. The coin is cast in .999 pure gold and priced at INR 65 lakhs. It weighs one kilo and is 37 mm in diameter.
Relative Positions of Particular Rare Gold Coins
As quoted from Coin News, “The latest US Mint sales report shows an increase for nearly all gold numismatic products.” In the first annual DWN Rare Gold Coin Market Heat Index, Doug Winter from CoinLink talks in detail about the comparative positions of following specific rare gold coins:
- Gold Dollars: Many collectors work on particular subsets of gold dollars rather than working on complete sets, such as Dahlonega dollars and Civil War issues. The Charlotte and Dahlonega market is divided into two branches – high quality and original pieces are very much in demand, while over graded and non-original pieces are difficult to sell even at discounted rates. The coins with the greatest demand include the rarest Dahlonega Type Three issues, graded by PCGS and standardized by CAC.
- Quarter Eagles: Dahlonega quarter eagles are quite popular and very highly priced. Charlotte and New Orleans issues, unless original and of good quality, sell at relatively discounted rates. The Liberty Head Series coins are justifiably scarce coins from the 1840s, 1860s and 1870s. These coins are expected to sell at $5000 or less at the auction.
- Half Eagles: Half eagle are expected to rake up the greatest potential gain among the US coins in the coming years. To quote Doug Winter from CoinLink, “Collectors are beginning to recognize the value inherent in the Liberty Head half eagle series. Nice Uncirculated coins from the 1840’s and 1850’s are very rare and in the case of the Philadelphia coins, they are affordable in grades up to and including MS63.”
- Eagle: The Liberty Head eagle series was auctioned at fairly high prices in 2010. New Orleans issue had also been popular and the rare1842-O brought over $70,000 at auction in 2010.
- Double Eagles: Liberty Head double eagles had been the greatest performer in the rare gold coin market in 2010 and are expected to continue to be so in 2011 as well. The size and inherent worth of double eagles are perhaps the major reasons for their popularity. Another beautiful thing about these issues is that, due to the huge availability of the most popular dates in this series, everybody who wants to have a coin can have one. The Type One Liberty Head double eagles were in demand in 2010 at all prices and grades. There are approximately 15-20 different dates in this series that are available for sale at $3000 or less.
The year 2010 is being considered as a year for gold coins. These coins were minted whenever a sovereign wanted his populace to rejoice a great event in the nation. The coins have chronological marks engraved on them that are exclusive to the events in those countries, at the time the coins were minted.