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investing in coins
Investing in Coins
Coins not only offer a strong investment - with returns that have rivalled the successes of postage stamps in recent years - but are also fascinating items, steeped in history, which have exchanged hands thousands of times and have been used for all manner of transactions.
’This is a huge issue in the rare-coin community,’ said Timothy O’Fallon, senior numismatist with Gibraltar Coins. ’In my opinion, we’re at the genesis of a new way of looking at it from an investment perspective instead of a collecting perspective.’
Interest in it has grown markedly in the past five years and will escalate over the next five to 10 years, he said.
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Investing in coins bullion is becoming more attractive to many investors.Any investments recommended by Money Morning should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Collectible coins have some historic or aesthetic value to collectors. The value of many collectible coins exceeds their melt value because their precious metal content is so small. Coin collectors refer to this collectible value as numismatic value, and they say it is determined by factors like the type of coin, the year it was minted, the place it was minted, and its condition. Aa interest grows in alternative investments, are rara coins.
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