There’s a certain allure to collecting coins. Some people are collectors, others investors, but most coin enthusiasts are a little of both. While there’s a difference between bullion and numismatic coins, and it’s important to know these distinctions, both types can appeal to collectors and investors alike.
Different Types of Value
Coins that fall under the bullion classification are manufactured each year. They are typically produced in large quantities with standard dies and can be made of silver, gold, platinum, or other valuable metals. These coins are considered valuable because of the specific worth of their precious metal content. Two examples of bullion coins are the American Silver Eagle and the Canadian Gold Maple Leaf.
Numismatic coins are also known as rare coins. The underlying metal content of the coin may not be very high in value, but the age, mintage, historical significance, and condition can more than make up for it. Other coins that fall into the numismatic category include ones that were minted in an unusual manner or ones with atypical markings.
Both bullion and numismatic coins can serve as favorable investment options. Bullion coins appeal primarily to investors who want to diversify their financial portfolio by adding gold, silver, platinum, and other precious metals into the mix. The current market prices of gold or silver, for example, have a direct influence on the current values of these coins.
With numismatic coins, many other factors beyond the price of gold or silver come into play. How old is the coin? How many are in existence? Is there a high demand for this particular coin? The value of a numismatic coin is more unpredictable; it can be significantly higher or lower than a similar bullion coin based on its age or rarity, among other factors.
Visit Atlanta Gold and Coin to Learn More
A reputable coin dealer can help coin collectors and investors fully understand the unique benefits of owning bullion and numismatic coins. Bring your questions to us, and we’ll be happy to discuss current buying and selling rates as well as what to consider when investing in these different types of coins. We’re passionate about coins and look forward to sharing our enthusiasm with other coin appreciators. Book an appointment with us today.