Starting a Collection of Gold and Silver Coins
Collecting gold coins is an interesting hobby and can also be a very profitable investment. However, not everybody will make such a good profit from their collection as one lucky owner who sold their gold five pound Una and the Lion Victorian coin for £25,400 at Spinks in London recently.
Another lucky person, whilst metal detecting in a field in Northamptonshire found a horde of 290 Silver Groats coins which are expected to sell for more than £30,000 at auction. I wonder what happened to the original owner, who hid the pile of coins away almost 600 years ago. The coins are thought to have been found on the site of an old mediaeval village, which disappeared many years ago.
Gold coins as old as those silver coins tend to be in very short supply as over the years, many have been melted down and sold as scrap. This makes old gold coins extremely rare and valuable, particularly those that are in good condition.
If you are just starting a collection, whether you are collecting gold or silver coins as an investment or you just want to start collecting as a hobby, you’ll probably start with the more common type of coin, such as the gold bullion Krugerrand or silver coins, such as the American Silver Eagle, the Canadian maple leaf, the Chinese panda or the Australian kangaroo.
Gold coins, always make a valuable investment as they are so much easier to buy and sell than gold bars. A gold coin has a recognisable and specific value and is also much easier to store and much more attractive to look at than a gold ingot. Additionally, you can start a gold coin collection with a relatively small amount of money and gold coins make fantastic gifts, particularly to children to start them on the road to financial success.
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