Resource building is an important part of overall wealth accumulation – and the precious metals outlook is high for those who want to invest in a real, physical good. After all, the phrase “gold standard” is still in common circulation, harkening back to the days in which all currency produced had to be backed by gold in order to hold value. Though these days are long over, precious metals investing has continued to provide hedges and safe havens for investors as a cornerstone of investment strategies.
Gold and silver have their noted uses in jewelry and currency. In fact, there was at one point a silver standard as well, and many paper currency denominations used to be called “silver certificates” to denote this. However, both also have many industrial uses due to their oxidation resistance, malleability and ability to conduct energy. It’s the industrial arena that has helped growth of two other precious metals as well – palladium and platinum. While less frequently used in jewelry, both metals have been used in automotive parts, superconductors and consumer electronics. These practical uses, as well as the scarcity of all these metals, has led to them being seen as a solid investment choice, as pricing doesn’t fluctuate quite so wildly as the stock market. It also is less prone to inflation. After all, you have to mine more gold to make more gold. It can’t just be printed up. This makes it a stable choice and economic safe haven for many investors. In fact, during the most recent recession, precious metal outlook and overall value rose rapidly as other investments – real estates, mutual funds and stocks – evaporated much of their value.
Today more than ever before, many people have an increased interest in investing in gold and silver, as well as other precious metals. This trend has come about over the last few years, mainly due to the instability of the American economy and how much demand there is for a stable way to ensure a positive financial future. For many, the precious metals market offers just the opportunity they have been looking for. The individuals who make the choice to invest are not only saving money but also building it up as time goes by. Like investing in stocks or land, precious metals can help one build up a significant amount of funds in a relatively short amount of time. That spells great news for those interested in getting into the metal industry. However, these people might not know how to get started or what methods they should take in order to begin their investments. For answers to these questions, keep reading.
Rare coins are more than just an investment opportunity, though this is a great reason to begin a collection. They are also a piece of history and have stories all of their own. The following are some of the rarest of coins that you may come across for your collection and the tale of how these coins gained their status of coveted pieces in the market. Consider looking for these coins as you build your collection or research the stories behind the ones you find. You may just be surprised at what you find out.
1969 S Lincoln Cent
One of the rarest coins that you may want for your collection is the 1969 S Lincoln cent. This coin is extremely sought after because there were so many duplicates and replicas that were created. The U.S. Mint actually stopped minting them and they were collected by the Secret Service because so many manufacturers and counterfeiters were creating disingenuous replicas of the popular coin.
When people invest in gold and silver, they usually think of the metal’s intrinsic value. However, rare coins are valued at a much higher rate due to the market’s demand. Because of that, they have become popular with investors.
Prepare to Invest
Before you begin investing in gold and silver coins, you need to understand what to look for, and what to watch out for. First, you need to make sure the coin has been properly graded and authenticated.
Grading and Authenticating Rare Coins
Some dealers will try to sell coins that haven’t been properly graded or authenticated. That can cause investors to lose a great deal of money. Fortunately, there are a few things you can do to avoid this.