Tuesday, April 16, 2013

investing in precious metal coins



Above is my gold-gilded koala silver coin collection from the Perth mint. Coin collecting has been around for a long time. In fact, it used to be the hobby of kings! Fortunately for us, you don't have to be one to start your own collection. For those who also view their collection as an investment, start with coins made of precious metals like gold, platinum and silver as they will hold their value per ounce over the long term. Note however, that the price of precious metals is volatile and may go down in the short term - perfect opportunity to buy more. Coins also have a numismatic value. Very rare and in-demand coins can fetch thousands, even millions of dollars. Lastly, build a coin collection that you will enjoy. Happy investing!



2 comments:

  1. Wow!

    You wouldn't happen to know if something like this is possible in the Philippines, would you?

    Things like paper gold (trading it online) aren't available here. But maybe gold coins are?

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    1. Hi Carlos,
      Investing in precious metal coins is certainly possible. Philippine - american coins during the first half of the 20th century are made of silver. Philippine - spanish coins of the 19th century are also made of gold and silver. The BSP also has some commemorative coins made of gold and silver. If you have trouble finding a reputable coin dealer, investing in gold and silver jewelry will give you similar exposure to precious metals.

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