Posts Tagged ‘5 dollar gold’

People may perceive the Value of Gold Coins differently

Sunday, January 6th, 2013

Since the coins which we collect are made from such a valuable commodity there is actually a benefit beyond the rarity, if it is an old coin, or the ability of it to help complete a specific collection. This is relatively sensible if you think about it, I mean how many hobbies actually can say that? Being produced from gold is an appealing aspect of collectors however they are likely to have other reasons for showing an interest, and a willingness to spend some decent cash in order to acquire them. This was apparent at one of the coin shows which we attended late last year as there was indeed plenty of interest in everything including the lower priced gold bullion coins merely because they are made from gold.

There are always going to be those people who say that gold has reached the highest value which it is going to and that the value of many of the coins will drop as a result of this. However this is only an opinion and not anything for sure so the speculation continues in this area. This is great because it really keeps things interesting and when you are at an event like that coin show was you get to see a lot of first hand evidence of just how things really are. This was fun, as are most of the events, but it was interesting because in the news at that time you could hear even more naysayers as we call them saying how the 5 dollar gold coin value was down and it was time to sell. Now, not too many actual collectors were there looking to sell because of the price of gold which is usually the case.

Those who were selling were coin dealers for the most part since that is their business. They will buy and sell all types of coins, not just gold ones, at every event no matter what is in the news. This is however also the place where they are able to acquire some very nice coins because those who are selling, for whatever reason, are also going to be of the mindset that the show is where to get this done for the best possible price.

There is a good deal of logic to this way of thinking and we usually find something of interest to buy as well. At that particular show we found a few 5 dollar gold coins for sale which we had been looking for which was a really nice surprise. These were for sale by someone who had no doubt decided that it was the best time to sell their coin collection and many of the gold pieces had appeal to other collectors who did indeed pay a premium price in most instances. This is just the way it goes at these kinds of events. Some people are there to buy and others are there to sell based on their perception of either news stories or the current gold coin values. This is very typical yet it is always a lot of fun too.

Not knowing the Value of an Old Gold Coin

Monday, November 8th, 2010

We are familiar with that uneasy feeling not quite knowing what the value of the old coin that you are looking to buy or sell actually is. Yet keep in mind that set values are often relative to who you are dealing with, and can definitely fluctuate.

Gold Coin Value

Coin collectors know that old gold coins are basically pieces of art, and that often makes them very expensive. Scarcity and rareness of the coins often makes them even more valuable, but not necessarily always. The composition of gold coins often includes gold, silver and alloy, and this can affect their value as well. Traditionally these were the primary medium of exchange or trading.

These days, to check the actual value of an old gold coin, you may want consult some experts for an authenticated value or at least opinion. There are also reputable and credible books to give you more information on the value of the gold coin yet these can become outdated quickly.

The value of these coins basically varies based on different perspectives. If you were to ask a straight business trader, or gold buyer, they will base the value mainly on the current value of the gold. The collectors have a higher appreciation for gold coins. They are more valuable to them for their particular condition, vintage and rarity. If you plan on selling your coins, and the purpose is to make a profit on your investment, it would be wise to deal with the coin collectors and not with the traders in many instances. That is unless the coin only constitutes the value by the price of gold in weight.

Ultimately not knowing the value of an old gold coin that you buy for more than what the value actually is can be an exciting event. This has probably happened to anyone who has been coin collecting for a while. It happened to us with an old 5 dollar gold coin just recently. However on the other side of the coin, so to speak, if you do the opposite when selling it can be a real downer. Just keep in mind that the more knowledge you gain regarding the value of coins, the more likely you will be to enjoy more prosperous acquisitions and transactions.

Various Gold Coin Surroundings

Tuesday, May 25th, 2010

When you go to various coin shows you inevitably will feel the anticipation of what may be just around the next corner so to speak. After all sometimes you will spend a whole lot of time on simply getting to the event, and that equates to lots of time to think. The various coin events all tend to share minimal similarities separated mainly by those behind the scenes as well as the location of the event itself.

We have experienced some absolutely stunning surroundings while admiring pristine examples of 5 dollar gold coins that might have been the pride of anybody’s coin collection. This obviously is not the be all end all for the more aggressive seekers of rare gold treasures but the fact is that many event locations are absolutely gorgeous venues which stand on their own quite sufficiently. I suppose any sort of event held would bring the same thoughts of many of the attendees.

On the other side of the coin as it were, there have been venues which were nothing more than someone’s garage. Well, not quite that extreme but close to it nonetheless. In any event, the year has been going at a consistent pace and it seems like any naysayers out there would be better off eating their words if they think that the overall interest in investing in gold is waning to any degree. Of course this is probably not news to our readers we understand, but never the less there are some beautiful gold coins being bought and sold at a noticeably feverish pace. This includes coins which would be considered to be in rather poor condition as well.