Best Coins to Buy 2011
The best coins to buy 2011 are either the gold or silver coins being offered. Gold is the investment metal investors go to when the economy is not producing satisfactory results. This is the safe haven for investors since gold has a real value unlike stocks that are just a piece of paper.
The current gold spot price closed at $1386.10 in New York. All investments in gold for the past 10 years have seen an increase in value. 10 years ago, gold was at $255.30. The high in this period was $1426.0 in early December 2010. An investment in a gold coin is still solid and will remain so as long as the economy of the world struggles.
The US gold eagle is considered the best gold bullion coin to make an investment in. this is only due to the reputation of the US government. China has a gold bullion coin, though investors are still wary of this communist country and what might exactly be present in the coin, but this is changing.
At the present time, the 2010 American Eagle One Quarter Ounce Gold Proof Coin is being sold by the US mint for $428 each. The cost is 20% above the current price of gold, but that is expected. No gold coin is valued at the current spot price of gold. The one ounce Gold Panda coin dated 2011 can be purchased for $1458.80, if you buy 100 of them. If you only wish to invest in 10 of them, the cost is $1464.70 each. These coins are 0.999 pure gold and China is known for having the largest reserve of gold in the world.
Coin collecting is fun, coins for investment is risky. If you wish to have an investment, then only look at the values of the coins and not whether you like them or not. That attitude is only for the coin collector where value is secondary. This makes the best coins to buy 2011 dependant on your reason for the purchase.
For additional resources on coins, please see Best Coins for Beginners. This site and all of its contributors strive to bring you the most accurate information available. If you have any comments to help us improve out site, please leave them. Thank you for visiting.
Tags: 2011, Coin Collecting, investing, money, Most Popular
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Comments (1)
March 11th, 2011 at 5:31 pm
I agree. aside from the investment side, gold coins are aesthetically pleasing.