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.
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.
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.