Why You Should Avoid Commemorative Coins
Commemorative coins are often given away to promote something or as a reward for some kind of achievement. Most companies present these coins as “unique” and valuable. Although they may seem attractive because of their design and they are often linked to the history or celebrate someone or something, they often have sentimental.
Just because commemorative gold coins are sold as most other gold products, they are different from bullion coins. First of all, most of these coins contain more silver and other metals than gold. Most of these coins are “gold-plated”. That is, there is a layer of gold thinly covering the surface and the remaining pieces can be anything from silver to copper. All in all, these coins aren’t worth much as you will find out when you decide to sell bullion. You can still get money for the gold content but not the same as you would get for bullion coins.
Anyone can claim anything about the product they want to promote. Just because you see something on TV or hear about it on the radio doesn’t mean it is legal or that it is the best thing to own. Ad agencies use smart words and avoid facts when advertising commemorative coins. Commemorating a dead President is worthless. Not a lot of gold dealers that work with commemorative coins will tell you the value of the coins now or in the future.
To explain the meaning mentioned above. In 2007, the U.S. Mint launched the Reagan Celebration Fund. At the time it was reported that only 1000 were made. However, 1 million commemorative coins have already been produced. This means that many people have commemorative coins, which means that the value of the coins has dropped.
How many certificates should you provide?
What is a Certificate of Authenticity? Most commemorative coins are issued with certificates of authenticity. This will affect the price a gold dealer will offer when the gold coin is sold. A certificate will help you to get the right amount of money for your gold commemorative gold as it will specify the metal composition of the coin itself.
Why should I choose gold bullion coins?
Another way is to invest in real gold and rare coins. Unlike commemorative coins, which are gold-plated, rare coins and coins have value because they are pure gold. Investing in these coins means investing in something that will be worthwhile in the long run. Unlike banknotes, gold and silver appreciate in times of financial crisis.
Investments in pure gold coins can help people from being devastates by market failures rising inflation, pandemic, wars market failures, economic devastation caused by war, massive inflation, and national debt. Although Commemorative Coins may seem as attractive, they are as valuable as Pokemon Cards as an investment. The price depends on the originality and the needs of the collector. As the value of currency increases, the value of commemorative coins can also increase or it can become insignificant in the long run. It is much easier to sell bullion coins than it is to sell commemorative coins especially if there is no real need for them. In other words, commemorative coins are cheaper, you can earn more if you buy more or if you just stick to gold bullion coins.