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Mar
10
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If you wanted to diversify your portfolio through the purchase of coins what exactly would you acquire through a coin dealer? Would you seek out rare and valuable individual specimens? Would you consider a large assortment of coins? There is no single answer available for the modern investor, but it is important to work with a reputable coin dealer in order to get the best opportunities and pricing.
Consider that a modern coin dealer is likely to work strictly over the Internet and be able to provide up to the minute per-ounce prices on the precious metals they are selling. This should always have an influence on the prices being asked by the coin dealer, particularly if the coins are purchased strictly for their intrinsic values.
For example, a good online coin dealer will make all of the American Eagles available at reasonable rates. These are minted in gold, platinum and silver and can be broken down into full, half, quarter and tenths of an ounce. A good coin dealer will also make what are known as “junk coins” available to their clients as well. Junk coins are American quarters and dimes minted prior to 1965 and containing either 90% or 40% pure silver.
Of course both examples demonstrate why an investor would opt to visit a coin dealer in the first place – the coins have intrinsic and a secondary face value. All of the American Eagles have a monetary face value imprinted upon them, and the junk coins can always be used as standard currency too. This means an investor can insure themselves of some value regardless of market conditions, and explains why a coin dealer is necessary for the modern investor.