That old saying 'don't put all your eggs in one basket' couldn't be truer when it comes to your investment portfolio. Rare gold coins add valuable diversification and offer an ideal alternative investment opportunity. Because gold is disparate from many other assets, is independent of key economic indicators and consistently delivers a high ROI, serious investors often look to add it to their portfolio in the form of gold bullion such as Krugerrands. Unfortunately, while these are undeniably valuable in their own right, they do attract capital gains tax when sold, which can be up to 20% in some cases.
Rare gold coins however, are classified as collectibles and therefore do not attract any CGT, making them a very attractive investment. In fact, when the new CGT tax law was passed, the rare coin market experienced a significant surge. These coins aren't only valued against the intrinsic value of the metal that they're manufactured from, but also the age, rarity, quality, preservation, supply and demand, historical significance and official grading of the coins. The higher the quality of the coin and the rarer it is, the more valuable it becomes. This is why it's always recommended that you only purchase PCGS or NGC graded coins from an official coin dealer, who will be able to advise you on the best investment no matter what your budget is.
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Throughout history, many rare coin collections have produced substantial long-term profits for their owners. This is particularly true for coin collectors of this century. For instance, Harold Bareford reportedly purchased a collection of coins for $13,832 in the early 1950’s that was resold at auction in 1978 for $1.2 million. A more substantial collector, Louis Eliasberg, built a collection that cost approximately $300,000. In 1982, it brought $12.4 million at auction.