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Setting this form of gold
apart from bullion coins, these gold coins have a supply that
is permanently limited, and actually decreasing through time
from inadvertent damage and loss. The value of historic monetary
gold coins can vary greatly depending on age, rarity, and condition,
but, of course, its gold content inherently provides a floor
value.
For the informed investor seeking gold
diversification, these "collector" pre-1933 coins in
uncirculated condition can often be purchased at prices comparable
to bullion prices - especially when buying in volume from a well-connected
gold brokerage rather than through smaller, specialty gold coin
dealers. When the opportunity arises these coins should always
be selected over common bullion gold coins.
Below is a sampling of gold coins from
different countries and periods that illustrates the range of
value various coins may take versus their gold content and quality.
Valuations given below are from the Standard Catalog of
World Gold Coins, 4th Ed., 2000, and hence may undervalue
today's market.
Values listed are typical of the depicted
class of coinage shown, ranging from grade "Fine" (heavily
worn) to to grade "Uncirculated." Note the much greater
valuation placed on uncirculated coins over the lesser quality
"Fine" coins. Prices may vary higher for specific years
of low mintage. Increases can be further encountered as the price
of gold rises.
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