Old us coins for sale
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Gaudens and $20 Libs come from the same family of coins - old US gold coins - that sometimes are genuine numismatic coins. Gaudens and $20 Libertys carry higher premiums than Gold Eagles and Krugerrands because St. Some old US gold coins, primarily Saint Gaudens and $20 Libertys, are, in essence, bullion coins that carry higher premiums than the standard gold bullion coins, such as Gold Eagles and Krugerrands. Although old US gold coins are the most widely-collected gold coins in the world, not all old US gold coins are genuine numismatic coins. Old US gold coins are excellent examples, many of which today are numismatic coins. Additionally, the US Mint, along with other government mints such as the Royal Canadian Mint and Australia’s Perth Mint, produce modern collectible coins, most of which rarely hold the premiums at which they are sold.Ĭonversely, old coins that originally were minted for general circulation sometimes become genuine numismatic coins. Rarely do such coins attain real collector status. Although collectible coins are promoted at prices above the value of their intrinsic metallic content (nearly always gold or silver), in the secondary market they rarely sell at prices above the value of their gold or silver content.įranklin Mint coins, which are mostly silver, are examples of collectible coins. Collectible coins, on the other hand, are novelties. Collector coins are held in esteem by collectors and nearly always trade at prices far above the intrinsic value of their metals.
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Numismatic coins are not to be confused with “collectible coins” which are produced solely to be sold as “collectible coins.”Īlthough advertisements for collectible coins often us the words collector coins, the coins being offered are only collectible coins. The term numismatic coins generally refers to old coins that have attained high regard among coin collectors. Read Horror Stories from other investors like yourself.
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Have you had a bad experience with collectible coin dealers? You are not alone. before buying any numismatic coins, especially from a telemarketer. When investors pay inflated prices, they suffer still larger losses. When premiums shrink, investors suffer losses. Often, though, numismatic coins carry huge premiums. When numismatic coins are bought at their real market prices, they can be good investments. For example, it is common for telemarketers to say, “For every dollar gold goes up, numismatic coins go up three dollars.” There is no substance to such claims there are no authoritative studies to support such claims. See Horror Stories for case histories of some such losses.Īdditionally, beware of claims that numismatic coins offer “leverage,” that they go up in value in rising markets more that bullion prices. Unsuspecting buyers of such promotions have suffered immediate losses of as much as 50% of their investments. There is no basis for such assertions, and such assertions are usually accompanied by promotions of old US coins at prices well above real market prices. WARNING: Beware of claims that numismatic coins are not or would not be subject to a government confiscation of gold and gold bullion coins as President Roosevelt did in 1933.