Best Types of Investment Coins

If you are looking for a new way to invest your money, you may want to consider investment coins. Of course, if you decide to go this route, you surely will want to know what the best types of investment coins are. Many experts will tell you that there are 2 types of investment coins that are the best and the wisest choices. First, there are the rare key date coins and then there are the bullion coins.

Rare Key Date Coins

Key date coins are those hard to find coins. Since they are hard to find you can easily assume that these are the coins that are worth the most amount of money. Most of the time, a collector will need a special coin to complete a date collection of coins. A key date coin will also usually be the lowest denomination of a set of coins.

Bullion Coins

A bullion coin can come in gold, silver or platinum metal. They are made for collecting, not everyday spending. They can come in a variety of weight size. These investment coins have been around since 1800's. They vary in amount of worth, depending on size, weight, age and series.

Yet, not every collector will be able to afford to collect bullion coins or will be lucky enough to find that rare key date coin needed to complete his/her collection. For these reasons many collectors will also collect other types of coins that may not be as profitable but can still make them a bit of money if they decide to sell their collection. These investment coins includes:

Gold Coins

You can never go wrong with investing in gold. Someone will always give you cash price for your gold coins, if you ever need to sell them. This makes gold coins ideal investment coins. Experts also say that unlike stocks, gold will always raise during an inflation period. This is good news for a collector of gold coins. As for their value, if you purchase these from a reputable dealer such as the US Mint you are sure to purchase a coin that is real gold versus fake or impure gold. Over the years, the value of gold has continually to rise, too. That is also great news for those who wish to collect these types of coins.

Silver Coins

Silver coins may be a bit cheaper than gold coins. This means they won't hold as much value as the gold cons will once you decide to sell. However, it won't cost you as much to build up your collection, either. Many beginning collectors will start by purchasing silver coins. Many more may even start with that first silver dollar.

With any new investment, you really should do your research and study all you can before you actually invest a lot of money into it. Investment coins are no exception to this rule. Some collectors of coins do it strictly for investment purposes, others enjoy the history behind the coins and others enjoy the hunt for the coins itself. What would your motive be to collecting investment coins?

blog comments powered by Disqus