Common Date Gold Coins vs Rare Coins– What’s the Difference?

In our article How to Invest in Precious Metals, Austin Rare Coins and Bullion recommends its clients purchase Pre-1933 Common Date Gold Coins. But what exactly is a Common Date Gold Coin, and what is the difference between that and a Rare Coin? In the Rare Coin Market, there are scarce coins and there are fundamentally Rare Coins.

What is a Rare Coin?

An example of a fundamentally Rare Coin is an 1859 New Orleans $10 Gold piece. Only 2,300 were struck and fewer than 60 are known to exist and have been certified by PCGS and NGC over the past 25 years. Today, the finest known in the series would sell in excess of $70,000. (But you could never get the present owner to sell – we know. We sold him the coin.) Yes, this is an extremely rare coin and perhaps a price tag that scares away some people. Coin dealers refer to this as a Classic Rarity – a coin that is fundamentally rare in all regards. Notably, it is also beyond the price range of most collectors.

What is a Common Date Gold Coin?

But Common Date Gold Coins are less rare and very affordable – we recommend Pre-1933 Gold Coins. These coins are common within a series and have a higher surviving number. They can be quite affordable, even those preserved in Brilliant Uncirculated, Mint State grades. An example is the 1932 $10 Indian with a mintage of over four million coins. The majority of these don’t exist today. However, there are fewer than 30,000 examples of this date that grade MS-63. This is a nice Mint State Coin that usually has great eye appeal and is in high demand among coin collectors. These trade around $1,500 each and have a Double Profit Opportunity as they usually increase in value with Gold and their premiums over gold can rise quickly in a hot coin market.

If you have a foundation in Gold Bullion and have enhanced your portfolio with Silver, it’s time to diversify your holdings with Common Date Gold Coins.

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