Be A Smart Buyer - Look For Rare Australian Coins
Collectors and investors find great value in collecting rare Australia coins as they know that there is great scope for their value to increase over a period of time. There are many types of these items such as the pre-decimal Commonwealth coins which present better opportunities for increase in value than even the ancient ones. The sovereign varieties were minted as far back as the 1850s but the Commonwealth ones were produced between 1910 and 1964. However, the best ones were produced in other places such as Birmingham, Calcutta, London, San Francisco, Perth, Sydney and Melbourne. The Australia coins that were a part of this range included the sovereign, shilling, florin, three pence, half penny, penny, six pence and the florin.
Among the various rare varieties, the most valuable one is the 1930 Australian penny. This rare piece commands a high value and the ones in very good condition are in the range of two hundred thousand dollars. The not so good ones attract five figure values. The other rare Australian coins include the 1923 halfpenny, the Sovereigns of 1855, 1856 and 1858, the 1925 penny, and the 1933 shilling. Any of these can return a value of more than five thousand dollars.
It makes a lot of sense to invest in rare Australia coins as some of them have increased in value by nearly two hundred times their original value over the past four to five decades. Apart from the financial profits that they make, they also make excellent family heirlooms and enable the possessors to be proud owners of a chip of the history of Australia. The other advantages of investing in them include several tax advantages and approval for superannuation funds. Moreover, among all the other currencies of the world, the rare Australia coin is considered to be the most valuable. It is highly sought after and presents a great potential for investment whether it is meant for long-term or short-term profit making. It is indeed a very secure investment.
The present day economic scenario is favoring investment in precious metals such as gold and silver and the best way to do so is to get hold of rare Australia coins. As compared to investing in large gold bars, investment in these small pieces of gold presents several advantages. Normally, gold bars are available in large denominations such as a ten ounce piece and if the owner wishes to liquidate a small portion such as an ounce or less, he will not be able to do so as it is not feasible to cut off a small portion. This is not the case if the investor has twenty half-ounce pieces as he can easily dispose of one piece and keep the balance.
Investing in rare gold Australia coins is advisable as they are durable and do not scratch and tarnish easily. They can be stored conveniently. One can hide them in any secret place in the house. The rare Australian coins also have numismatic value as against the mere gold value or the collectors' value. However, the investor should ensure that he does not buy and sell these items too often and at short intervals as the buying price is usually three percent higher than the selling price of the basic gold component.