Investing in gold coins and collecting coins are both valuable ventures. However, collectors tend to purchase valuable coins as a hobby due to their rarity, while investors invest in gold coins as a hedge against a dwindling economy. Either way, both collectors and investors have one thing in common: a strong appreciation for gold coins.
If anyone could pick a day for the explosive beginning of coin collecting in America, then May 25, 1857, would be a likely candidate. According to David Thomason Alexander, the author of “10 Great Moments That Shaped American Coin Collecting,” copper was used in the Flying Eagle cent as the base material for the penny. It was unpopular, but news that the large cent would soon be no more caused people to want to find and save the coin. Continue reading Gold Coins: Should You Be Collecting or Investing?