If you want to buy gold and silver coins, you need to understand the difference between different types of coins. Otherwise, you could lose a lot of money. All about gold and silver coins There are three types of gold and silver coins. Historical, commemorative and investment coins. There are differences between them. But given the investment. The main difference is in the size of the premium you pay. That is when buying gold or silver coins above the price of the precious metal that the coin contains. I will now briefly explain each type of precious metal coin.
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Buy Gold and silver coins
Until the early 1930s, gold and silver coins were used regularly in financial transactions. Just as we use paper money today. States once minted them in huge quantities, in tens or even hundreds of millions of pieces. For various reasons, gold and silver coins were gradually withdrawn from everyday use. Millions of these coins still exist around the world. They are hidden from view. They can be found under the mattresses of your grandparents, and in the property we inherit from them. Therefore, gold and silver coins that were once used for everyday purchases, but are no longer used for it. They are called “Historical gold and silver coins.” Surprisingly, many of these coins. Although old, are not traded at large premiums above the price of gold and silver that these coins contain.
The reason is simple: they are not particularly rare. Because they were made of precious metals, people tended to keep them. Therefore, almost all of these coins still exist somewhere to this day. True, some historical gold and silver coins are rare, and therefore expensive but this is more the exception than the rule. And now, let’s consider what “investment gold and silver coins” are. But before I continue, I want it to be clear: in the age of our grandparents while there were coins in circulation that we call “historical” today, there was nothing like it “investment gold and silver coins”. They are the creation and invention of the modern age. The first gold coin that can truly be considered an investment was minted for the first time in 1967 and for more than a decade it was the only such coin available for purchase.
Investment and Buy Gold and Silver
The first investment silver coin appeared on the market in the mid-1980s. Investment gold and silver coins are sold at a very low premium. And this is their main reason for existence: to closely follow the movement of precious metal prices. Small premiums on investment gold and silver coins are a consequence huge production. Millions of investment gold coins are produced every year: the same size, the same fineness and mostly of the same design. Everyone knows them. They are easy to recognize and easily accessible. Which is the complete opposite of what we call “commemorative gold and silver coins.” Commemorative coins are also largely an invention of the modern age. They are usually produced in limited batches and, as their name suggests, are produced to commemorate, that is, to pay homage to famous people from history popular historical events, contemporary sporting events, etc.
They are often sold at high premiums on the precious metal they contain. Sometimes that premium is worth paying, and sometimes it’s not. If you are buying a commemorative gold or silver coin, bet on the growth of the numismatic value of the coin more than on the rise in the price of gold and silver. By investing in such coins, you can make a lot of money, but you have to understand them. In short, if you buy gold and silver coins primarily to invest in precious metals you should buy modern investment coins as well or historical coins that are not uncommon.
Fiat money versus gold and silver
They are sold at low premiums relative to the price of gold and silver, and are lightweight exchange for paper money. Conversely, if you are primarily interested in the growth of the numismatic value of the coin More than the rising value of the price of gold and silver, you should buy a rare historical or commemorative coins. Thank you for attention. Please like, share this video or subscribe to this channel and we will happy to make new similar videos. If you want to buy gold and silver coins like the ones shown in this video, visit the website displayed on the screen and a list of trusted and secure will be listed brokers with investment gold and silver around the world, which we recommend.
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