If you own a lot of cash and you want to invest it in something, you’re probably thinking what is the best option and how can you be sure if the money is secured. We all know what’s happening on the market and how enormous amounts of money disappear in seconds if they are not invested in the right place.
A lot of people think that buying shares of companies that are doing great will make their investment even bigger in a short period of time. This can be true, of course, but very often it can be a recipe for disaster. People lose their money in a blink of an eye if the broker made bad calculations. The result – great sums of money going down the drain before you even know it. The worst part, there’s nothing you can do about it.
That’s why we think it’s a better solution to make an investment that is basically impossible to be lost. We’re talking about buying gold. And not just any gold, but we’re talking about old coins who have more than just financial value.
Why getting old coins?
Old gold coins have a much greater value than the regular governmental minted ones. They speak about the history and they are much rarer than the new ones. The modern bullions are made generally for numismatics’ needs. Their value is almost always close to the momentary price of the gold on the market.
On the other hand, old coins have a different value. Based on their rarity, date, and historical importance, they reach a value that’s much greater than the actual price of the metal.
For example, the most expensive item in the world is the Flowing hair Silver-Copper dollar from 1794. It is a part of the series that was first minted under the jurisdiction of the American government mint. The latest price reached on auction was $10 million.
Where can you find such rarities?
Chances are slim to none that you’ll buy such sample for little money. Collectors already know the exact location of every single one in the world. However, the point is different. If you get a rare old gold coin, you’re not just investing in the precious metal as it is, but in something that can only go higher concerning the price.
This means that if you have some money that you’d like to invest, it’s best to look online for websites or people who sell these things. Once you buy them, make sure you keep them in a safe place, especially if we’re talking about big sums, like $10.000 and above.
What if the gold price drops?
That’s the best part about gold coins. It never drops. Even if it did, the value of the item being old and rare will still keep its price on a level that’s higher than standard new bullion.
However, gold never goes down. Just look at price charts for the last 100 years and see how much higher the price is today than back then. From $200 per ounce, today it is around $1.400. Look at this chart and see for yourself. Click here.
Now, imagine if your grand granddad had a vision and bought an old coin back in 1919 when he was a youngster. Let’s say it was a sample of something crafted in 1850. He would’ve paid somewhere around $200 and today, depending on how rare it would’ve been, you might’ve earned over $5000 for it. Not a bad profit for 100 years. That 25 times more than the original amount.
Conclusion
Even though there are other options when it comes to investing, we must say that this one is definitely among the top ones. We say that because it’s safe and profitable. On top of it, you don’t have to do absolutely anything. Just wait for a few years and sell it when the time is right.
If you don’t need the money, you’ll have a great collection of rare and old coins that you can use as a trophy. Show it to your friends and enjoy by knowing that you own something the ancestors used for payment 100 or 200 years ago.