What advantages do scarce to rare coins have over gold bullion?
* Prices of select scarce to rare coins appreciated 600% from 1982 to 1989 while gold’s increase was less than 100% for the same period. * Since scarce to rare coin prices are affected by collector and investor interest, scarce to rare coin prices can rise during periods of low-inflationary prosperity, even while gold is falling. For example, 1988-89 were bearish years for gold but quite bullish for rare coins. * Scarce to rare coins can be bought and sold privately and are more easily transported than bullion. * The price of gold is affected by the increase supply of the metal from gold mine production, yet scarce to rare coins cannot be newly minted. * Under current law, the federal government can confiscate gold in times of national emergency. Scarce to rare coins were excluded under previous federal confiscations earlier in this century.
