I hope all is well
for you and yours. About 2 weeks ago, I received
a phone call from a representative of Forbes
Magazine. The purpose of the call had to do
with a request to use images of rare coins
that are on my website. When I asked about
the article that was being written, I was
told that it was basically an article about
ultra rare Numismatic coins. Not just gold
coins either mind you, but silver and rare
copper coins. And the kind that US Rare Coin
Investments is known to deal in. But she would
not give me any more information than that
except to say, it’ll be in Thursdays
issue!
It’s starting to become obvious that
even the mainstream investment press is waking
up to the potential that quality rare coins
holds for people who are looking for safety
and capital appreciation. Here’s the
article with great thanks to the fine people
at the Forbes organization.
Many of the
readers here are well aware of how well quality
and rare gold and silver coins perform over
the long term. Let’s trace the investment
performance of one coin that nobody seemed
to think of as an investment years ago. About
14 or so years ago, I was recommending that
my customers purchase early US gold coins
to put away for what I believed would be a
good solid long term investment. Specifically
I was recommending a series known to collectors
as the Capped Bust to Right (1795-1804) Early
Gold $10. Eagles. I’ve always liked
early US coins and believed that every date
in the early eagle series was not only undervalued,
I believed they were greatly undervalued.
A number of my customers followed my lead
on this and made some purchases. These coins
by and large cost in the range of $4500.00-$6,000.00
and the higher figure purchased truly exceptional
for the grade specimens. I took a position
as well and felt that someday these coins
would find their true value in the $20,000.00-$25,000.00
range. How have they performed? Well, there
are sales figures showing some of these coins
realizing more than $30,000.00 2 years ago!
They have since started to contract and have
been trading in the low $20K’s recently.
I think they need to come down a little more
before I’m motivated to recommending
them as a long term gold coin investment again.
And I believe that will happen although I
do not know when of course.
I’ve since jumped
off the early gold eagle bandwagon and have
been purchasing not only other early gold
coins which I think are undervalued, but am
involved in a completely different series
of coins and frankly I’m even more motivated
on these other series as I was on the early
eagles so many years ago. I’m not publishing
this newsletter for the world, including other
dealers and telemarketers to read however.
If you’d like to know what I’m
recommending you’ll have to contact
me personally.
In the meantime,
I hope you’ll enjoy reading the new
Forbes article on rare coin investments. Funny
thing about these rare coins and how some
of them perform as investments. In the last
couple of years we have witnessed the government
printing money like it’s going out of
style, almost trying to become the Weimar
Republic, and more “mainstream”
investments such as real estate is imploding
everywhere, stocks are on extremely shaky
ground and losing ground for the most part,
banks, if their even in business are offering
interest rates that are laughable. Meanwhile,
of all the investments in the world, one investment
has shined brightly and that investment has
been around a lot longer than stocks and that’s
rare coins. And for years they’ve been
giving us something that none of those other
investments have given us……….a
positive return
