Whats the lowest-risk/highest-reward way to get involved investing in gold coins?
Common-date Type 3 Liberty Head double eagles in grades of MS-60 to MS-62 are low-risk/high-reward gold coin investments as this is written in March 2007. Type 3 Lib $20s are the most popular and most commonly collected coins in this long-running series. They cover its final three decades, from 1877 through 1907. For years, examples in lower mint-state grades have provided just under an ounce of gold for not much more than the price of one-ounce gold bullion coins but with the added kicker of bonus price potential as collectibles. Not so long ago, these coins were selling for close to $1,000. All that changed when the one-ounce American Buffalo coins hit the market. While the new coins were selling like hotcakes, the Type 3 Libs were languishing in dealers showcases and their prices started to plunge. Before long, they could be had for little more than melt value. With gold at $600 an ounce, a Lib $20 in MS-60 or 61 might cost you $700. The premiums have collapsed because people have b
