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Early Gold
Posted on May 02 2007
Early date gold coins offer an investor far more than just a rare coin. Early date gold is a true part of U.S. history and very much, early American art. These early coins were minted using a hand press and offer the investor an area of coins that is undisputedly in one of the highest demand sectors of all coins. This demand is very important when looking for a coin to increase in value. It also makes selling your investment very easy. As everyone desires this area of the coin market and why not, some of these pieces are more than 200 years old! They are the very definition of “rare coin” by their nature. You do not have to be a coin expert to figure out that people will want one the first gold coins ever made as legal tender. This category of coins has shown the best investment results time and time again without fail. The only draw back is cost. These coins are not available in the lower price ranges like later date gold pieces. This initial investment amount is well worth it however. If you want a rare coin that has rarity built in and has consistent demand, there is really nothing better. What I mean by “built in” rarity is this. You can purchase any coin in an early type and it will offer you true rarity simply due to the fact that there are so few total coins for the entire type, or coin design, to choose from. All dates for theearly date types become rare simply due to the lack of total coins found. Here is an example to clear that up. $5 Draped Bust Large Eagle is the name of a design of coin that was minted from 1795 to 1807. Using the population reports that tell me how many coins for this type have been graded, you find that the entire design has only seen approximately 2500 coins. This includes all grades and all dates for the type!!!! What this means is that any date you buy in this early type is rare by virtue of the over all rarity for the type or design itself. There are simply very few choices and with such high demand, all dates in these early types tend to go up in value very consistently. Also, by taking out some of the really super rare dates for the type, it further narrows down our true available choices. Leaving only 7 dates available to purchase that won’t require you to take a second mortgage on your home. The safety that these early gold types offer is what drew me to them in the first place. They are just so simple to understand and so popular, but unfortunately very hard to acquire. I am never concerned that this area will not do well! The pictured coin has a population of 315 total coins found in all grades for the date, only 14 coins found in MS61, and only about 50 found finer. The entire type has only about 2500 total coins ever found! To put this in perspective, lets look at the $5 1908 Indian. This design has a total population for the type of 60,615, with the population of the 1908 date, in MS65 condition of over 160 coins for that grade alone. In MS65, this coin sells for about $29,000.00. The 1803/2 is in a much rarer type with only 2500 total coins found. By comparison the total population of the entire Draped Bust Large Eagle design has seen, in MS65 condition, only 7 coins. (this is for all dates from 1795 to 1807). In fact, in MS61 grade (Like the coin pictured) there are only 146 total coins ever found in all dates, from 1795 to 1807. For an investor who has some coins but is looking to get the most out of their coin investment, the addition of an early date rarity will be the deciding factor as to how the set is perceived an thus bid on.
Toll free 1-866-897-2646 / www.mayfieldcoin.com
Classic Head Gold
Posted on May 02 2007
The $2-1/2 Classic Head was minted from 1834 to 1839 and the $5 Classic Head was minted from only 1834 to 1838. This makes the type (Classic Head) rare by virtue of the limited choices of dates available for collectors and investors to choose from. This is a very important aspect in determining rarity in a coin and this limited choice of dates for the type impacts the coin in several ways. First, it makes the coin easily understood as rare, and therefore, more desirable. Second, it also makes the type likely to experience upward movement (in value and price) due to the relatively low amount of dollars required to positively impact the market for this type. Third, and last, the coin type is considered “Early Gold” (that is, pre-1839); yet has not seen the upward movement relative to the other early-gold types, which have gone up considerably. Just as we have seen other early-gold types sky rocket in price, you will see the smart money move to the next type that still has good up-side potential. In fact, this is what has been happening in the coin market from day one of what most consider a very strong bull market in rare coins. One other aspect I find appealing for this Classic Head coin type is how well the higher grades in this type have been performing. If you look at how well this coin design has performed in the higher grades and extrapolate this down into the lower grades, then these Classic Head coins are poised to move up quite nicely. The type as a whole has plenty of up-side potential. In addition, it is in a classification that has proven to be very strong, especially at auction. These are truly rare coins that investors can acquire in a nice condition for below five thousand dollars. That makes this coin type one of the best choices in the market for an investor or collector who wants a true rare coin. Call toll free 1-866-897-2646
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