After the monetary stimulus plan was announced by the Federal Reserve to boost the economy, the US bullion prices jumped to a new high at above $1,380 per ounce on November 4, 2010. During this time, investors have turned more towards gold bullion rather than numismatic gold coins. This is true despite the fact that numismatic gold coins have a rare value have sold at exceedingly high prices during auctions. Numismatic Gold Coins Numismatic gold coins are a collector’s joy because these are rare coins, often holding much historical significance that can enrich any coin collection. They are known for their historical background and aesthetic value, which greatly increases their price. Rare precious metal coins, which were legal tender prior to 1933, make for numismatic coins. However, Proof Gold numismatic gold coins are the ones that were never meant for circulation but were created simply for their aesthetic appeal and rarity. With gold prices reaching high prices, the value of numismatic gold coins has become even higher. One of the most famous American numismatic gold coins is the 1933 $20 Double Eagle Gold Coin. A 1933 Double Eagle gold coin was sold to a private collector in 2002, at Sotheby’s, for over $7 … [Read More...]
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