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"All that glitters isn't gold," so Shakespeare wrote. A world gold coin or US gold coin is attractive, particularly the Canadian Maple Leaf, but gold coin values vary.
As we've mentioned before, the Maple Leaf, Australian Lunar gold coins, and American Golden Eagle's are valuable, but these days they're common issue in US and world banks. You shouldn't behave like a lottery winner ("I'm not going to quit my day job, honest") just because you acquire gold bullion coins. Gold bullion coins aren't rare these days.
However, buying a pre-1933 Double Eagle (.9675 pure gold) gold coin with a face value of $20 and priced at $600 is worthwhile--the estimated value is $300-$400 (it can skyrocket to the thousands), and these gold coin values appreciate.
Even modern gold coins such as the Canadian Maple Leaf with .9999 pure gold, the most in the world, can be a worthy investment. The popularity of the Maple Leaf gold bullion coins increases the value.
Always have any gold coin authenticated and appraised to make sure (1) whether it's genuine and (2) what the gold content is, since that will determine its worth. Check gold prices, since gold coin values are tied to the valuation of the metal.
Above all, remember if that Coronet Double Eagle minted in Carson City in 1876 is genuine, given Coronet prices ($2,000 and up), all that glisters really is gold.
|Sheri Ann Richerson|