Gold coin investments sought by collectors

The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Tuesday, 17th February 2009 (72 views)

Gold coin collectors have been searching for items that will prove to be strong investments given the current economic climate, it has been claimed.

According to the BBC, the Midland Coin Fair held by the British Numismatic Trade Association this month saw a number of people seeking alternative ways of investing their money, particularly as low interest rates mean savings accounts may not be offering good returns.

One collector told the news source about a previously successful gold coin investment, stating: "Just over four years ago I put �30,000 into gold sovereigns, it is now worth �250,000."

Paul Revell, a dealer from Suffolk, explained which features make gold coins more valuable.

"Rarity and condition make coins collectable. The better the condition the more it will be worth," he said.

This news follows comments made yesterday by a columnist for the Times, William Rees-Mogg.

He described gold as a "unique commodity" that offers buyers a good investment.