| The economy is seriously on the down turn and | | | | liquidators auction coins and take what they can |
| the US Dollar is losing value. These conditions | | | | get. Private collectors may auction coins because |
| usually result in rising gold prices, which has been | | | | they need the cash value in money for other |
| the case over the last few months. Gold prices | | | | purposes. With the economy going bad and many |
| have moved up about 50% in the past six | | | | people feeling the effects, some people are selling |
| months. Gold is a good investment in bad | | | | anything they can just to keep their head above |
| economic times but many small investors find it | | | | water. Auctions are also a good place to find out |
| difficult to buy gold in small amounts. This is | | | | what certain items are really worth. Scan the |
| where gold coins may be just the answer for | | | | auctions for specific items to see what people are |
| small investors who don't have deep pockets. | | | | willing to pay for them. Another advantage to |
| Actually, gold coins may be a better investment | | | | buying coins at auction is the coins are shipped |
| than gold bars or bullion. Gold bars have the value | | | | directly to you, to store in your home or safe |
| of their weight in gold at the current spot price, | | | | deposit box leaving no paper trail. Unlike buying |
| whereas gold coins not only have the value of | | | | gold on the market, no one knows your business |
| their weight in gold, but added numismatic value. | | | | but you. Only you know what you bought and |
| One ounce of gold is worth its weight in gold, but | | | | sold or what your profits are. |
| a one ounce gold coin can be worth $1000s in | | | | I would advise against buying coins from private |
| numismatic value. Coins also have a very good | | | | mints or newspaper and magazine ads, as their |
| appreciation rate simply because there will never | | | | prices are usually seriously inflated and you could |
| be any more of a specific coin produced and the | | | | be paying much more than actual cash value. |
| number of collectors continues to increase driving | | | | Keep in mind also that you can keep your coins |
| up the prices. Like they say in real estate, they | | | | at home, and even if your house burns down, |
| can't make any more of it. | | | | your coins will survive. They won't break, rust, |
| Gold and silver coins are also very liquid assets. | | | | rot, rip, tear, mold, mildew or deteriorate over |
| They are easy to buy and sell quickly in any | | | | time. They will however, always appreciate in |
| number or dollar amounts. Many collectors buy | | | | value over time. They require very little space, as |
| and sell among themselves where there is no | | | | you can keep many $1000s worth of coins in a |
| middle man, broker or dealer involved, resulting in | | | | very small home safe or a desk drawer. |
| lower prices without additional fees or inflated | | | | If you have a little money to invest and not have |
| markups. You can buy one coin or a trunk full at | | | | to worry about it losing value, look into coin |
| any time in a matter of minutes. | | | | collecting. It's easy, it's a safe investment, its |
| You can get great deals on coins at auctions. | | | | private and you don't need a bank account, a |
| Dealers may auction slow moving items or | | | | credit rating or an investment account. |
| excessive stock resulting in bargain buys. Estate | | | | |