Coin Collecting - Why You Should Collect Gold Coins
Whether it is the more valuable pure gold variety, or a commemorative coin issued by the Franklin Mint, these golden coins are beautiful and intriguing.
Gold is the one thing in this world that never loses value.
In fact, if you watch the stock markets, it is the one commodity that always increases in value.
Many economists stress the value of gold because it is not a consumable good, and retains value unlike paper money.
This is because gold is a resource.
Gold coins have a variety of bullion purity and this will determine the price that you pay for each piece.
It also dictates the value of that particular coin.
What type of coins you will collect will be largely determined by your interest in them.
In other words, are you targeting craftsmanship and beauty (collector), or are you simply collecting as an investment (investor)? Collectors of valuable coins tend to collect sets for designs and images as well as the enjoyment of the hobby.
Investors will collect specific types of coins lean more towards bullion than actual coins.
From either point of view, collecting gold coins is a solid and secure investment.
Gold has always been the historical standard of wealth.
It can neither be created nor destroyed and this is where the value comes in.
Gold is not influenced by world politics as currency is.
If you watch the money markets, you see that the value of many countries' dollar fluctuates.
Gold only rises in value over time.
Well displayed gold coin collections are a breathtaking sight.
Many people store their coins in special felt lined storage cases.
Others store their less valuable coins in albums with special plastic sleeves that hold each coin individually.
Whether you are interested in the beauty of gold coins, or looking for a solid investment, collecting these sought after treasures is a very meaningful hobby.
Collecting gold pieces from mints can be very appealing because there are sets and series that are constantly being added to.
Each piece raises the value of your collection.
The more valuable your collection, the more need to protect it.
It may be a good idea to consider having a small safe installed in your home, or keeping your collection in a safety deposit box.
It is equally important to ensure that your insurance company has details about your collection, including photos and details regarding each piece.