For the 45 years that I’ve been a gold/silver dealer, I’ve never recommended numismatic or collectible coins. And, I’ve been proven right.
Old US gold coins ($20 Double Eagles: $20 Liberty Heads and $20 Saint Gaudens) are now liquidating at bullion coins prices. Specifically, MS-63 $20 Libs and Saints are liquidating, on a per ounce basis, at the same value as 1-oz. Gold Eagles.
During the 1980s and 1990s, MS-63 Libs and Saints carried “natural” premiums of 20% to 30% but were sold by telemarketers with premiums as high as 50% to even 100%. Now those coins liquidate at bullion coin prices.
I’ve recommended bullion coins that had the potential to become numismatic/collectible coins, such as the Year 2000 1-oz Gold Dragons, but I’ve never promoted high-premium coins just so that I could earn higher margins of profit. Within a year or so of the Dragons selling out (30,000 coins), they achieved huge premiums.
Now on CMI’s Website Home Page is our Gold & Silver Buyer’s Guide that lays out my philosophy when it comes to investing in gold and silver. If you have friends whom you know to be interested in gold/silver, they really need to know the information in this Guide. Change pages by clicking on the arrows.