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- Autor wpisu: Mennica Skarbowa
- Date of entry:
Collectible coins are often treated with a great deal of skepticism by investors. After all, they are not as valuable as investment products. However, it turns out that sometimes they can be even more valuable, especially when it comes to rare and hard-to-find items. A record has been broken – one such gold coin has just been sold for a staggering $18.8 million.
Collectible coins are usually made of precious metals, particularly gold and silver. It is generally accepted that collectible coins are usually minted to commemorate significant events or important personalities. However, this is not a rule, as the numismatic market is constantly evolving.
The price of gold or silver collector coins is not determined by their face value. The face value stamped on the product is usually lower than the final amount for which we can purchase the item. The price of a collector coin is determined on the basis of factors such as: the amount of precious metal it contains, the cost of production, market trends (the so-called collector's value), as well as its rarity on the market. Collector coins are minted in limited, usually quite low, quantities.
These items delight not only collectors and numismatics enthusiasts. They are often plated with precious metals or oxidized. They usually have additional features that make them unique. They are decorated with zirconia, crystals, amber, or pad printing, among other things. Gold and silver collector coins very often come in irregular and non-standard sizes and shapes. Three-dimensional products, known as 3D, are also available. Small mintages, perfect condition, personal interests, and a sense of aesthetics are the main factors contributing to the growing number of numismatics enthusiasts.
GOLDEN SHOT
However, it turns out that collector coins can also be really valuable! On June 8 this year, an absolute price record was set at Sotheby's auction house in New York. A gold coin called the Double Eagle was sold for $18.8 million.
The gold coin with a face value of $20 is the last part of a series called Double Eagle, which was minted by the United States Mint in 1933. The product was never put into circulation because the then US President Franklin Roosevelt did not agree to the continued convertibility of the US currency into gold.
Gold and silver collector coins may have more than just priceless symbolic or sentimental value. It turns out that over time, they can become a real rarity, and not just for coin collectors.
