When celebrating the birth of a grandchild or marking an accomplishment in the life of a loved one, it is traditional to give a gift. While savings bonds and other similar gifts are quite common due to the fact that they provide a financial asset in the future, a gift that may be worth considering instead is a gold coin. The US mint makes gold coins each year, and these coins offer a face value that often exceeds the current value of the gold that comprises them.
When you’re collecting coins, the rarer the coin is, the more you’ll have to pay for it. Just about anything is like this, really. In baseball card collecting, the rarest and oldest cards will go for the highest price. Even popular toys at Christmas that sell out of the stores can fetch fantastic prices on auction websites. It’s simply the law of supply and demand.
Unlike some of these other rarities, though, you may actually be able to come across a rare coin without meaning to. There are many different places that you could come across a rare coin, and if you’re at all interested in collecting – or even simply in selling – rare coin, then you should keep an eye out for these interesting places where you might find one or two.
Before you start collecting coins, you need to spend some time learning about coin collecting in general. This might seem silly, but it can keep you from making major mistakes and spending money on coins that aren’t worth your while. Since this would be a pretty silly thing to do with all the available resources on numismatics, you should just take the time to learn a few terms from numismatics and a bit about how coins are graded and priced. Like most other hobbies, numismatics involves a whole bunch of unique – or uniquely used – terms, and here are just a few to get you started.
There are all kinds of terms describing tiny marks on the surface of coins. An abrasion is a light scratch or scrape that will lower the grade of a coin. An adjustment mark is a mark that is made on the coin when it’s being minted, and back marks are dings and nicks that are inevitable in coins that have been bagged. A coin with bulged die marks has a wavy surface caused by a defective stamp, and die cracks are tiny lines on the surface of the coin that are caused by the die cracking under pressure when the coin is being minted.
If you’re looking at starting a coin collection for an investment or just because you’re interested in the little bits of history that are coins, you may want to read up on the subject before you start shelling out cash. The study of coins is called numismatics, and many coin dealers are professional numismatists. Although most people never take their study to the highest level of professionalism, many people enjoy learning about numismatics because it’s interesting and because it can help them make wise additions to their coin collections.
One of the best places to find a ton of information on numismatics is through books. Unless you live in a huge city, your library probably doesn’t have a lot of books about the study of coins, but you can always find these books from online stores. Before you waste your money on books that are poorly written or books that are packed with useless information, though, you should be sure you’re getting good books on numismatics.
In the world of investing, you will encounter any number of vehicles that are designed to grow your wealth and help you protect against an uncertain future. You will find hedge funds, stocks, bonds, IRAs, 401(k) accounts and innumerable other options. However, you will also find precious metals available. These can be excellent tools for investing and can also make a very rewarding (and very lucrative) hobby. Gold coins and other types of coins can be used to significantly increase your portfolio.
Of course, there are several types of gold coins on the market. You will also find silver coins and platinum coins. What should you know about the various coin types available? What option is right for you? Where should you turn for the best investment?
Beauty is really a relative concept, and our ideas of beauty as a society change from decade to decade. Different people will also have differing ideas of what makes an item beautiful. This means that determining which rare gold coins are most beautiful is a little difficult. There are, though, a few things that most people will agree make a coin more beautiful than is typical. Here is some idea of what makes a beautiful coin.
One of the most beautiful things about gold coins is their sheen and color. These coins are made from soft, silky twenty-two or twenty-four karat gold, and most people find the rich, golden color quite attractive. Even though yellow gold has fallen out of fashion for jewelry, you’ll find that most people can’t resist the buttery shine of a lovely gold coin.
As a coin collector, you understand that making the right investment decisions is essential. The wrong choices can leave you with a waste of money, coins that are not truly investments and other problems. How do you avoid these problems? The most important thing to do is to find a quality rare coin dealer to help you determine what the best coins are for your needs. What can such a dealer offer you? Where do you go about finding such a dealer?
First, locating a quality rare coin dealer is simpler than you might think. While it might have been difficult in the past, today that is no longer the case. The modern world is home to an incredible range of rare coin dealers, from those in your local town to Internet specific dealers. Each has a benefit to offer you. What can you gain from using a rare coin dealer in your local area? You will find that this allows you to visit the dealer and look at each coin you are considering in person. Whether you are interested in purchasing bullion coins, actual circulated coins or some other form of rare coin, you can often find a few options at your local coin dealer.
The traditional investing path doesn’t really let an investor fly. Strictly defined, the recommended portfolio ought to be a balance of stocks and bonds, with a bit of a cash position thrown in for the nervous. It’s restrictive, to say the least. Even more depressing are the lackluster returns that such a straight and narrow investing road will bring to you. There is a better way . . . if you are willing to spread your wings a bit and step off the defined path.
This better way isn’t a terrible complicated scheme, and there isn’t much room for an investment advisor to cause trouble in your portfolio when you take this route. All you have to do is open your mind to gold coin. Gold coin will let you explore a part of the market that delivers solid returns year after year in a manner that is comprehensible and repeatable.
The average coin dealer offers a whole load of just about every type of coin that you could ever possibly imagine, but this is not usually a good thing. When you enter a physical location or a website where nothing is organized or filed properly, and there are just so many unnecessary items to sort and weed through, the buying process can be a big pain. Not only this, but it is very rare that in the midst of all of this rubble you will actually come across a real find, a true gem. If your coin dealer is less than completely committed to the passionate preservation and representation of the most beautiful and rare coins in the world, you might want to consider frequenting a better group of professionals.
ZoomCoin.com is the premier coin dealer provider on the Internet today, backed by the thorough and passionate forty year history of Monaco Rare Coins, a business that hung its shingle in 1967. The moment you head into the site, you will be greeted with more information than you have probably ever obtained from any one source. The professionals of Monaco Rare Coins are passionate about teaching their customers the ins and outs, histories and futures of all of their favorite coins, and even those that they have not yet discovered.