With gold below $1,500 per ounce again, is now the time to buy pre-1933 United States gold coins? The answer may be yes, especially if you’re hoping to build a nice collection of classic gold coinage and pad your chances of making some money on your set should the time come to sell. In recent years, the numismatic premiums on common circulated and low-end uncirculated pre-1933 gold coins have collapsed to the point where they are but a fraction of what they were in the 1980s, 1990s, and even the 2000s.
Add to that the soft gold market and the time appears to be ripe for buying classic gold coins. Of course, there is always the question — what if gold prices fall further? What if they do? The key is to always buy the best quality of coin you can, for buying nice collectible coins always helps buyers in at least two ways. A, Selecting coins with excellent eye appeal helps your collection look its best; and B) top-quality coins normally fetch more than so-so coins.
Only you can decide if the time is right to embark on buying old gold coins for your collection. However, with gold prices below $1,500 per ounce and numismatic premiums on pre-1933 gold coins at historic lows, it may be the opportunity you’ve been looking for to finally add gold coins to your collection or to expand on an existing gold set that finances have kept you from completing.
