4. Purchase Rare Coins For Investment Purposes
You might run into some unscrupulous coin dealers who will try to sell you numismatic coins as an investment and convince you with their sweet talk. Do not fall for this ploy. Numismatic coins are primarily for collecting and are very poor investment vehicles.
The prices for numismatic coins depend on so many things and not just on the spot price of gold. You’ll have to take into account factors like rarity, grade, mintage, and popularity that will reasonably affect their prices. If you really want to invest in physical gold, buy exclusively well-known bullion coins that come with low premium rates.
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