IN MINT CONDITION
Unlike a vintage car, a gold coin can fit in your pocket – but the two objects share some essential characteristics that make them desirable: rarity, performance and historical significance being the most notable. “Just like investing in paintings, wine or cars, rare coins possess the characteristics for collectors and investors to reap strong rewards down the road,” says Adam Jackson, the owner and operator of Paramount Rare Coin & Currency.
For two decades, Paramount has been the premier gallery for collectors and investors seeking the best in rare coins and precious metals. Its reputation within the industry has been built on some of the most historically important purchases and distributions in numismatics.
What makes a coin rare? The most collected coins in history tend to be US-minted gold coins issued from 1795 to 1933. The main reason for this was the confiscation of gold on three different occasions by the US government, most significantly in 1933 when President Roosevelt signed the Gold Act which ended the Gold Standard for the US. It is estimated that more than 90 per cent of gold coinage was destroyed and forever lost. Pre-1933 US gold coinage has captured the attention of collectors and investors throughout the world due to their low survival rates, making them rare and some extremely rare to the point they are considered “uncollectable”. Most rare gold coins have seen increases of as much as 400 per cent over the past 20 years and will certainly continue rising in value in the years to come.
Investors and collectors acquire rare coins for their scarcity and intrinsic value, but also for their privacy as they are not reported. However, the main reason for acquiring rare coins is their long-term performance. “Let’s say in 1970, person A invested $10,000 into the Dow Jones Industrial Average, while person B invested the same amount into rare gold coins,” says Adam. “If both were to convert their investments into cash today, person A would receive almost $160,000. That sounds great, but person B would receive more than $1.1 million! This is because US Mint coins have outperformed the Dow Jones over the four decades at a ratio of 8:1.” In 2003, the 1929 $5 Indian Head Liberty (pictured below, left) auctioned for $9,200: 10 years later, at the Chicago ANA World’s Fair of Money, the same coin realized $70,500.
Paramount’s reputation and resources translate into incredible opportunities. “Our goal is to have the best pricing available on an international level, while providing our valued customers with old-fashioned, small town, personalized service,” says Adam. “Our extensive networks allow us to locate even the rarest issues known and build collections that protect your wealth and give you and your family some of the rarest pieces of history the world has to offer.”
As well as resuming its close association with the RROC and RREC, Paramount Rare Coin is also a member of the prestigious American Numismatic Association, while also holding such affiliations with Professional Coin Grading Service and Numismatic Guarantee Corporation, the two leading grading services in the world. Other affiliations include Certified Coin Exchange, NRA Business Alliance, and the Better Business Bureau, boasting an A+ rating. With more than 100 years of combined experience behind Paramount’s team, it is obvious why it leads the industry in collections, investments and, most importantly, customer service. For more information call +1 (844) 218-7103.