One question coin collectors often ask, especially new ones, is whether or not the gold coin still represents a sound investment. The short, simple answer is yes, and this is true primarily for two reasons. First of all, there's the precious metal itself. All of the normal rules associated with investing in gold (bullion and otherwise) apply to investing in these coins. A second factor to consider, however, is the rarity of the particular coins themselves. Needless to say, one should consider which coins are going to be in the most demand when making investment decisions. A little preliminary research will go a long way toward making you an informed buyer.
So, is there a particular type of gold coin that's going to represent the best type of investments for you? We're glad you asked. While it would require more space than we have available to examine this subject in enough detail to truly do it justice, we are going to take a cursory look at a few general guidelines to keep in mind. In the future, you can always go back and do some more research on your own, until you feel comfortably armed with enough information to assist you in your buying decisions.
The first guideline to consider is the face value of the gold coin itself. The United States has minted gold coins in many different denominations, ranging from one dollar to twenty. Obviously, all things being equal, the higher the face value of the coin to begin with, the more value it's going to retain, even in a downturn. On the other hand, there are certain coins within each of these denominations that are rarer than their counterparts, and obviously, these should be sought after. For the moment, let's turn our attention to two final factors that you should bear in mind.
Just as with other types of coins, one easy rule of thumb to remember is that the older the coins are, the rarer they're generally going to be. Of course, in addition to the age of any particular coin you're considering purchasing, you must also take into account its condition. Obviously, adding all of these factors together, the older a coin is, the better condition it's in, and the higher its face value, the better investment it represents, especially if your purchase price is low enough. There are, of course, exceptions to these generalities, but you will learn them as your knowledge of coin collecting continues to increase.