Current price of Gold

 

 

 

 

Should you buy new gold coins or old gold coins?

 

New gold coins or old gold coins?

 

A clearer and more accurate way to describe the difference is to refer to them as bullion gold coins or numismatic gold coins.

 

The former are valued according to the value of the pure gold they contain. The latter are valued primarily according to their rarity and condition.

 

For example, when you buy a one-ounce Gold American Eagle gold coin, you are buying a bullion gold coin. You don’t want to own it because of its value as a collectible, because it has none. You own it because of the value of the gold in the coin.

 

But if you want to buy a 1855 Charlotte Gold Dollar, then you are paying not so much for the value of the gold, but for the rarity and condition of the coin.

 

As with valuable stamp collecting, the rarer the gold coin, and the better its condition, the more you will be asked to pay.

 

In a sense, when you buy “new gold coins” or “old gold coins”, the end benefit is the same. You are storing wealth in a form that is tangible, portable...and will endure.

 

Buying gold bullion is easier for anyone just starting out with buying gold coins. What you see is what you get, depending on the spot gold price of the day. As the spot price changes, so does the price of the gold coin.

 

Buying old gold, or numismatic gold coins, takes a lot more work. You have to seek out older, rare coins, determine their condition, and figure out how much you should pay for them.

 

In the end, as I mentioned, the outcome is the same. You are investing in something that holds value.

 

Arguably, the finding and purchase of old gold, or numismatic gold coins, is the more intriguing and interesting pastime.

 

You can buy "new gold coins" online at APMEX.