Rare Opportunity for a Rare Coin

In an article on buying physical gold a couple of weeks ago, we mentioned our favorite rare coin dealer, Van Simmons of David Hall Rare Coins.

An avid reader of WWNK, he saw the article and wrote us a nice thank-you note. He also mentioned that he just made a great buy on a small horde of $20 Saint Gaudens and was willing to pass the deal on to readers. Obviously, he would like to generate some new and long-term client relationships--but even if you were to decide to only buy this one deal, you'd still come out well ahead.

And, unlike many coin dealers, Van isn't one of those hard-sell shops... frankly, he doesn't need the money and doesn't have the time to proselytize. (He is also a founder of the super-successful collectorsuniverse.com).

In any event, back to the deal. Any of you with even a little bit of knowledge about coins are already familiar with the $20 Saint Gaudens, which were struck from 1907 to 1933. As a point of reference, a 1933 of the rarest quality sold in auction just a few years ago for over $8,000,000!

Historically, the MS64 coins sell for about halfway between the price of the MS63 and MS65 coins which, according to the PCGS (the Professional Coin Grading Service), would put them in the price range of $1,100.

Thanks to Van's smart buy, he is offering these for only $895 per coin. They are arguably the most beautiful gold coins ever struck, with deep golden lustrous surfaces. With the price of gold bullion moving up closer to the $500 range and the supply of older U.S. rare coins slipping off the market, these coins represent a very strong value.

Throughout history, as the price of gold moves up, U.S. rare gold coins have offered much more leverage than just the dollar-for-dollar increase in the spot gold prices.

If you are interested in making an investment in gold coins, call Van Simmons directly at 1-800-759-7575 or email him at [email protected] and mention that you are a WWNK reader. But don't put it off, as he only has a limited supply.

 





Posted 11-01-2005 12:08 AM by Doug Casey