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Arts and Crafts

Wednesday, September 12, 2012

A Golden Opportunity

Gold is not only a wonderful precious metal to work with, but also one of the very few valuables that constantly increase in appreciation. It therefore does not come as a big surprise that many have poured all their creative abilities into making gold jewelry, buying it, or investing in gold bullion.

Jewelry is more functional then starting up a gold coin collection, but not nearly as lucrative when it comes to making a profit in the future. Creativity and craftsmanship are often not taken in account when selling jewelry, unless it is extremely old and associated with a famous historic event, person, or culture.

Gold coins on the other hand are a good investment due to the fact that it is used as an international monetary standard and has been used as currency throughout the ages. It is seen as a means of wealth, power and strength and no matter what gold coin it pertains to, each piece has a story to tell and always represents a small part of history.

It is never too late to start a coin collection and a good investment would be the American eagle gold coin which was released by the U.S. Mint in 1986 and entirely made from gold found in American soil, as is required by U.S. law. According to the weight of gold used for the coins, there are enough options to begin with a small budget and expand the collection over time.

A good idea would be staying up to date through alerts on new inventory, precious metal news, deals, and newsletters where coins are concerned and reading up on their history and demand. There are many good books available providing all the information for beginning coin collectors and experts alike.

Auctions are a good way of coming across and obtaining some rare, valuable gold coins. Checking e-Bay, the Great Southern Coin and other auctions, could lead to expanding or completing a collection which will only be worth more as time progresses.

Commencing and maintaining a gold coin collection doesn't take much and the supplies such as coin albums, coin holders and/or flips, and a magnifying glass, are easily found. It is worth looking into this hobby, because gold coins truly represent a golden opportunity!

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