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1st American Reserve notes that Many Popular Rare Gold Coins Outpace Gold Bullion Gains

Many Popular Rare Gold Coins Outpace Gold Bullion Gains

As of Monday morning, gold was up from $1,515 to about $1,815. In the last six months, gold has moved up $300, while the premiums on some MS-63 $20 Liberties have moved up $600. The premiums on some gold MS-63 $10 Indians have moved up proportionally in that same time span, also outperforming gold Rare Gold coin rise in valuebullion.  Reasons for the rise in premiums are that we had recent large quantity melting of vintage U.S. $10 and $20 denomination gold coins and have seen periodic shortages of classic gold coins that are becoming scarcer. 

 As this price momentum develops, that translates into more demand for these rare coins. For example, two prominent investors taken together, bought over $1 million in gold coins from me last week. They had previously “put their toes in the water,” making frequent inquiries, but now they have committed, and I think they will be happy with the results. With gold ETF buying up, interest rates historically low, and gold the best performer this year (and the last two years and the last 20 years and 50 years), the long-term risk seems relatively low. In past major rare coin bull markets, select rare coins have often amplified the gold bullion market gains. Now’s the time to call your “Team Mike” professional representative to see what special rare coins are still available.

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