Reply #9: Actually. some types of gold coins are the preferred medium [View All]

[Art_from_Ark]

for small investors.

Lots of countries issue bullion coins that have a ready market, because the fineness (purity) and weight are guaranteed by the issuing government. And they also carry a face value, which although nominal, nonetheless adds to their appeal.

The problem with coins is with hypesters plugging older common gold coins, especially foreign gold coins, as being worth far more than their market value. For example, "This beautiful 1 ducat gold coin from Austria was made nearly 100 years ago but it is still in Mint condition! It is sure to become a treasured part of your gold portfolio! Hurry while supply lasts! Only $250 each!"

What they fail to mention though, is that while the coin may be dated 1915, it is actually a coin that has been restruck at a later date by the Austrian government and its value is only based on its bullion content, which is currently around $150. Similar things can be said of French "rooster" 20-franc pieces dated between 1908 and 1913, and some Spanish coins dated 1878, among others.