ABOUT ON LINE BUSINESS: 1898 20 Dollar Gold Coin

Monday, April 18, 2011

1898 20 Dollar Gold Coin

The 1898 gold coin is another fine example of not only significant collectability but quality and rarity as well. It used to be that we would find these when we least expected to as in unlikely locations while traveling.

Although most clients seem to seek out the 1898 twenty dollar Liberty Head Double Eagle there is a good deal of world coins worthy of note from this particular year which offer value, collectability and the opportunity to actually own gold as opposed to just investing in it.

The condition of most of the Liberty gold coins which we happen to see are of fairly decent condition as they tend to have been safely tucked away in a shoebox or the like for many decades. When they do come up for sale the coins reflect less usage in their overall condition making them more valuable to a point. With the current rise in the price of gold the actual melt values become a point which creates more interest than just within collector’s circles. Obviously the breaking point is fortunately going to be based on condition which is ultimately the case with any old gold coins.

For example we recently found some very average at best examples of the 1898 twenty dollar gold Double Eagle coins which were unquestionably in very circulated condition but they had also been improperly cleaned at some point causing various ill effects including some unsettling discoloration. Basically these coins could have fetched a much higher price than what they eventually did bring to the seller if it were not for the cleaning job which had been performed. Ultimately they were likely sold to an investor with nothing but melt value as the intention behind the purchase. This is OK because it keeps the gold coin market active for both collectors and the investor. However we have been seeing a bit of an overlap between the two recently as simply owning gold is becoming much more in vogue if you will in this highly questionable economic climate and in regards to the United States dollar and the very questionable future of its value.