SHOULD YOU BE BUYING PRE-1933 U.S. GOLD COINS? YES.
U.S. pre-1933 gold coins are priced according to the spot gold price plus a premium based on their overall scarcity, grade, and demand in the market. Common-date coins are a great place for new coin investors to start. Just be aware of what qualifies as a common-date coin and make sure you know how to evaluate its quality by familiarizing yourself with the Sheldon coin-grading scale and the two respected companies who grade them, PCGS and NGC.
WHAT IS A PRE-1933 GOLD COIN?
Many experts and analysts believe the majority of the originally minted coins put into circulation during the 1800s and early 1900s have since been recalled and melted down during the federal gold recall which took place in the 1930s. Only a small fraction of the original minted coins from these sets has survived and retained their quality and high-condition grades. Considering this shortage in total supply and the limited amount of high-quality pre-1933 gold coins still in existence, investors who come across a pristine pre-1933 gold coin are in for a treat. U.S pre-1933 gold coins offer all the same benefits an investor typically looks for in gold bullion, with the added benefits as well.
WHAT ARE THE BENEFITS OF BUYING PRE-1933 GOLD COINS?
- Pre-1933 gold coins are of high interest to collectors, especially coins in good condition. With sustained interest from collectors and new collectors joining the trade every day, you can expect that the demand for these coins will continue to grow, outside of the typical demand for precious metal commodities.
Flexible Purchasing Quantities
- New investors can start with the purchase of a few coins. However, common-date coins can sometimes be owned in significant numbers, a good option for beginners as well as for more seasoned investors.
- Although some common-date coins are easily obtained from estate sales, they only exist in limited numbers. No more will be minted. Furthermore, as they age, many of these coins will increase in both numismatic and precious metal value. Thus, those coins in excellent condition will be even more sought after, which will increase their value.
- Since common-date coins are less specific, the market for them tends to steadily increase. Common-date coins also enjoy a broader market, since their appeal is not limited to a narrow group of rare-coin collectors. This makes them relatively easy to liquidate.
While we don’t advise focusing solely on pre-1933 gold coins and other common-date material, the fact is that these types of coins often add leverage in a rising gold market and the possibility to gain even when the price of gold and other commodities is falling.
Pre-1933 gold coins provide an excellent investing base, a history of regular demand from both collectors and investors, and some can be easily acquired from reliable sources, such as Nationwide Coin and Bullion Reserve.
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