With continued economic uncertainty and inflation-producing monetary policies in-place, the value of gold and silver continue to rise at a steady pace. Many investors are shunning traditional investment opportunities, including stocks and bonds, and are instead delving into the world of precious metals. One of the easiest and most profitable ways to invest in gold, silver and other metals is through the purchase of coins, yet there’s one important component that can’t be overlooked: quality.
Quality Never Loses Relevance
The only way to see any benefits from coin investments is to opt for premium coins that are very high quality.
In fact, many industry experts say the number one rule of investing in coins is to remember high-quality coins increase in value much faster than low-quality coins. Look for “+”, “*”, and “CAC” designations if you are a novice or avid collector.
Professional Grading Services
Coins should be graded by a professional third-party grading service, such as PCGS (Professional Coin Grading Service). PCGS coins tend to sell for the most money, along with NGC (Numismatic Guaranty Corporation).
To highlight the importance of having a coin graded by one of these services, it’s worth noting that a professional graded coin could sell for $20,000, while a coin that’s very similar, but graded by another company may only sell for $10,000 to $15,000.
The ultimate value of coins lies in their authenticity and grade—if a coin isn’t provided with a grade from one of these services, there’s the chance it’s been re-toned, doctored or altered in any number of ways.
It all boils down to simple facts: the better the condition of a coin, and the rarer it is, the more money it will be worth, and it will only rise in value over time.
Typically, the best quality coins are going to be those rated MS64 or better, and any coin that has a rating over MS65 is considered extremely high end of the Sheldon scale, Poor 1-Mint State 70. Mint state 60 and higher, are highly sought after in all Types and denominations.
Most experts recommend that if an investor isn’t able to afford a rare coin that’s of a high quality, the better course of action is to choose to purchase another coin that is more affordable, rather than opting for the lower quality coin.
If you’re willing to pay the premium price for the premium coin, you’ll likely be rewarded for your decision. In fact, specialists, including the founder of the Professional Coin Grading Service, have said we’re in the midst of a renaissance in terms of coin collecting and investing.
The best way to ensure you’re going a professionally-graded coin is to work with a reputable seller. We sell only quality, premium coins and we have a reputation for providing customers with access to the best of the best in the world of coins. If you have the opportunity to invest in coins of any type, we always recommend going for quality above all else, particularly as the world of coin investing and collecting has taken flight and is showing no signs of slowing down anytime soon. Opting for quality may cost you a little more in the short-run, but is going to most effectively provide you with outstanding returns in the long-term.
***Always, always, always, ask about your dealers return policies and/or buybacks!***
For more information about this blog post and to discuss premium coins with our experts, please call Liquid Bullion Coin and Collectibles at 1.888.522.2283 or email us directly.