Five Questions to Ask Before Investing in Collectibles

While we were working online just the other day, an ad popped up urging us to buy a collectible U.S. coin from a company that was not affiliated with the U.S. Government. A few days later when we were watching TV, a similar ad appeared, also pitching collectible coins that were supposed to increase dramatically in value.

We are not accusing the companies that were behind those products of outright dishonesty. In our country, after all, any company is free to manufacture and sell any products it likes, provided the organization is not engaging in outright fraud. In the end, it is up to the buyer to beware and make an intelligent decision about whether to buy what is being offered.

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Don’t Ignore the Collectible Value of the Precious Metals You Own

In January 2021, a gold coin that bore the image of Oliver Cromwell sold at a British auction for about $650,000.00. How much gold did it contain? We are not certain, but chances are the gold in the coin was worth only a fraction of what the coin sold for.

Why did that coin command such a high price? There are reasons . . .

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