Starting a Collection of Gold Coins 3 Things You Need to Know

The value of gold bullion keeps going up and up, and it’s expected to stay that way for a long time! If you’re looking for a way to build a solid investment portfolio, gold coins can give it to you. But before you start collecting, there are 3 things you need to know:

1. Classic gold coins are best

While every single gold coin has value to it, some coins are far better than others. The older gold coins you can find, the better. After all, coin collecting is all about supply and demand. So, the rarer your coins are, the more people are going to be willing to pay you for them. As an added benefit, many of them have historical significance – and the better story they tell, the more valuable they are!

Today’s gold bullion coins are valuable, but they’re also produced in much higher numbers than the coins of a few decades ago. So, as soon as another crop comes out of the Mint, the demand for them goes down a little bit.

2. If you can’t go for classic, go for “official”
Let’s be honest – those older pieces might just be too expensive to add to your coin collection. If you simply can’t afford classic coins, you’re next best option is to opt for the “official” coins – as in, the gold coins that are minted by the U.S. government.

By getting things right out of the Mint, you can rest easy knowing that your coin collection is backed by the U.S. government – and, thus, is a whole lot more valuable than a coin collection that features other kinds of coins.
As an added benefit, the gold bullion coins produced at the Mint are beautiful – meaning they’ll make great showpieces in your collection.

3. Don’t just focus on gold

I know, it sounds silly to say, but your entire coin collection shouldn’t be made up of just gold. After all, not everyone can afford gold. If you ever need to sell off your collection, you’ll want as many prospective buyers as you can get. And, at gold’s high prices, the pool of interested buyers is small.

So, what do you do?

Inject some silver into the mix – specifically, in the form of a solid silver dollar collection. Silver dollars are cheaper than their gold counterparts – meaning that you can afford stuff that’s rarer. And, collectors are always looking for a nice silver dollar to add to their collection, so you’ll always have interested buyers!

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