GOLDEN ADVICE FOR BUYING GOLD COINS

All that glitters is gold as the metal nears $2,000

- SCOTT A.TRAVERS

Gold appeals to investors who recognize it not as a commodity, but as a universal currency in a dangerous world and the chaotic United States. This appeal has been enhanced over the last year as the glamorous yellow metal’s spot price has increased to $1,773 per troy ounce as of June 2020.

This appeal isn’t new. Gold has always held a tremendous fascination for humanity. Its beauty, rarity, and durability combine to give it a timeless appeal and great value. Coin collectors appreciate this combination of attributes even more than most, for they share special insights into the glorious history of the metal itself and the time-honored coins produced from gold.

Gold coins, like all coins, are hand-held pieces of history. They outshine virtually all other coins, however, because their main component is so coveted, so admired and so prized. Many U.S. gold coins rank high on collectors’ wish lists and want lists, especially since gold is now glittering brightly, almost like never before. I say “almost like never” because the last time gold was $1,790 per troy ounce seems like an eternity—over eight years ago. The modern high for gold was in September 2011, when gold hit $1,923 per troy ounce in overseas trading.