Fort Worth (PRWEB) April 08, 2014
Following an April 1st report that there has been a flurry of interest in both the gold and silver versions of the U.S. Mint’s Baseball Hall of Fame coins a Texas-based gold coin dealer wants investors to know that the coins, while minted from precious metals, may not be as profitable as some gold coin dealers would like to have them believe. GoldCoin.net spokesman Keith Kelly says gold coin dealers may be tempted to raise premiums on the Hall of Fame coins in response to the higher-than-anticipated demand.
“If you want to buy a Baseball Hall of Fame collector’s item then this coin may be for you. If you’re a coin collector in general then this coin may be for you. If you’re strictly an investor then this coin is probably not for you,” Kelly said. “It contains one-tenth of an ounce of gold but is currently being sold for as much as $750 online, so it could be tough to sell at a profit for a very long time.”
Kelly recommends that investors interested in gold coins purchase widely-available, commonly-traded items like American Eagle coins and PCGS and/or NGC certified coins. “By dealing with widely-traded items investors can easily price-check dealers, and we always encourage investors who may be new to the market to contact GoldCoin.net directly because we check all major exchanges to make sure you get our best price of the day,” Kelly commented.
Gold Coin (GoldCoin.net) has over two decades of experience advising household investors on smart physical gold and silver investments and gold coin IRA and 401k plans. They buy and sell all types of precious metals and offer free home delivery. For more information or a free Gold Coin Starter Kit, visit http://www.goldcoin.net or call 1-800-425-5672 today.