Are there major advantages of owning or buying gold or silver graded collectible coins over that of bullion or bars? Most definitely there is. The following is not an exhaustive list, but does include several things to consider. Coins cannot be beat as an investment opportunity.
Study graded coins and try to figure out why they were given that grade. If you can’t tell, show an expert. With experience and effort, knowledge will be attained and grading skills developed. The more you know, the better you can navigate the rare American coin market.
It goes without saying that a collector on a $500 per coin budget won’t collect many gold coins. Though it is possible, these low denomination gold coins will certainly not be considered rare.
In going after a piece of the $2.4 billion .9999 fine gold bullion coin market, the Mint needs to consider the mindset of bullion coin investors. Bullion coin investors seek alternatives to paper money; they are not coin collectors. Bullion coin investors prefer coins packaged so that they can be easily stored and secured.
If you have the choice between a graded and a non-graded specimen, go with the graded one, as long as it’s done by one of the four companies listed above, with preference given to PCGS and NGC. Don’t buy coins graded by other grading companies. They are almost always over-graded.
Check out online directories that can give you free information on your coin. Finding out ways of selling coins online might help also. There are online sellers that value rare collection coins. Remember, eBay is not just for electronic gadgets but anything salable, such as challenge coin maker. More people get on the internet these days, so there can be a higher chance of selling it. You have to take note of the fees, because it might not be at your advantage after the fees are paid.
Conduct some research on the current prices of gold coins, gold bars and other gold investments in the market. The Internet is a vast resource on current gold prices. There are also hundreds of websites that list the trends and history of gold prices.
My mother often said “where there’s a will, there’s a way”. My problem was I could never find a Will, or even a Bill to show me the way. I just have to be creative.