Double Gold Eagle
Double Gold Eagle coins are some of the most sought after gold coins produced by the United States Mint. When investing in gold, many gold investors overlook Double Gold Eagles. Instead, they focus on modern American Gold Eagle bullion coins or other modern bullion coins produced by mints around the world. However, with gold prices today being at 12 month highs, one of the best ways to buy gold is to buy rare double gold eagle coins.
Double Gold Eagle
Rare double gold eagle coins offer two types of investment potential. The first is based off of the value of gold bullion. The second is numismatic value. Gold Double Eagle coins can be scarce in certain conditions. By looking to buy Mint State Double Eagle gold coins, you have the luxory of knowing that the value of double eagle gold coins will never drop below the value of gold, but you get the extra luxory of owning an asset that might appreciate in value based on collector demand.
I really like Mint State Double Gold Eagle coins in the MS-61, MS-62 and MS-63 range. These gold coins often trade at gold spot prices but if you hold them for the long term, demand for these coins could push the price of these Mint State coins much higher than the gold spot prices. That is the beauty of these double gold eagle coins.
One thing for you to be aware of though is that many of these double gold eagle coins were produced in large numbers. Therefore, you must be careful about the premium over gold prices today that you pay for these coins. If you buy at a price a lot higher than the gold spot price, you might never recoup you initial investment.
Do you own Double Gold Eagle coins? If so, leave a comment below.
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