While many collectors of commemorative coins aren’t always concerned with their resale value, a considerable profit can be made, as seen with the royal engagement gold coin.
(PRWEB UK) 28 September 2012
Gold bullion coin dealers are reporting an escalated interest in historic gold coins following the issue of products for Queen Elizabeth’s Diamond Jubilee and the London 2012 Olympics.
The Telegraph reports that collector’s gold coins issued this year as well as record gold prices have fueled interest in coins from the Victorian Era.
After starting off with modern issues, many collectors have begun looking into rarer products with some dealers reporting sales rising by as much as 50% since 2011.
The most sought after gold coins include the 1902 Veldpond, minted by hand by the Boers in the north-east of South Africa during the last few months of the Boer War, and ‘Una and the Lion’ – a £5 gold sovereign coin issued to commemorate the beginning of Queen Victoria’s reign.
Those who invested in the official gold coin marking the engagement of the Duke and Duchess of Cambridge in 2010 have already seen its value rise by 70% from £1,750 to £3,300.
A specialist at leading UK gold dealer, Physical Gold, explains why special issue gold coins are a viable option when it comes to gold investment:
“Collectors and numismatic coins are becoming an increasingly popular form of gold investment thanks to their longevity and nostalgic value. Collecting these historic gold coins can become an interesting hobby and a valuable heirloom. While many collectors of commemorative coins aren’t always concerned with their resale value, a considerable profit can be made, as seen with the royal engagement gold coin.”
Physical Gold is continuing to watch recent gold developments with interest.
Physical Gold Ltd is a leading UK gold dealer, helping investors diversify their portfolios with innovative investment solutions. Renowned for their ground breaking products such as the Sipp gold and Gold Accumulation Account, the firm specialise in providing customers with tailored assistance in sourcing the best gold for their personal requirements. Based in London, the team are BNTA accredited and have an unrivalled knowledge of the gold market as well as an exceptional understanding of the general financial markets.