|Guest Post From Dan Ameduri of Future Money Trends (condensed)
“When it comes to buying physical gold and silver, it’s all about ounces.
In my opinion, numismatics are like baseball cards or stamp collections: they have their role, but they’re NOT for the purpose of buying gold for insurance or speculation.
That is until now, and it’s only due to a time-sensitive opportunity.
After speaking with Andy Schectman for the past 5 years about the precious metals market, for the first time, he suggested gold numismatics.
Andy is also a “gold by the ounces” guy, but he revealed that for the past 28 years since he’s been in business, $20 gold liberties have traded at a 10 to 20% premium. In fact, in 2010-2011, they traded as high as 60% over spot!
The premium has fallen so much that the costs for numismatic coins are nearly identical to your standard gold American Eagle.
To give you a real-life example, with gold at $1,280 per ounce, an Eagle is about $1,340 and specific numismatic coins are about $1,370!
These are pre-1933 coins. They aren’t making any more of them, and as gold demand rises, the renewed interest for these coins and premiums will increase dramatically.
Consider this: when gold traded for $1,000 per ounce, the Eagle traded for about $1,040 and these numismatic gold coins traded for $1,500+.
Consider buying PCGS or NGC Certified $20 Liberties and $20 Saint Gaudens in certified grades ranging from MS-61s/63s.
To listen to my recent interview with Andy Schectman, of Miles Franklin, click here.”