4 Reasons To Avoid Investing In Commemorative Coins
Published by: Eric Sepanek
Since the 1960s, commemorative coins have been issued by various companies advertising themselves as “mints” while indirectly representing their coins as viable investments. Although commemorative coins are beautifully designed and themed after admirable individuals (U.S. Presidential commemorative coins, for example), momentous events in history, or landmarks to make them even more attractive to collectors, they may not be considered good investments. In fact, the old adage that looks can be deceiving applies especially to commemorative coins.
Little, if any, gold or silver used
Something touted as being commemorative gold coins sounds like an investment-worthy product, but don’t buy into this, don’t let the word “gold” fool you. It is a powerful and persuasive word used by companies selling commemorative coins to influence consumer behavior. Be aware that items said to be gold are typically “gold-plated” and have such a thin, nearly imperceptible layer of gold covering them that it costs more to refine the items than the item is actually worth. This also goes for “plated” and “layered” commemorative silver coins as well. Continue reading “Super Bowl Flip Coins May Not Be a Smart Investment”