Is Investing in Rare Coins the Right Move?

GOLD & SILVER BUYERS WANT RARITIES

- BY MIKE FULJENZ

JPMorganChase is projecting gold to reach $6,300 an ounce by the end of 2026.”

Typically, after gold and silver bullion make a significant rise and then pull back, as they have recently, in the following nine to 18 months, rare coins tend to maintain their values. That was especially true when rare coins reached record highs following the historic bullion and rare-coin market increases from 1976 to 1980 and from 1986 to 1990. This occurred because most gold- and silver-bullion buyers purchased their bullion from rare-coin dealers who introduced them to the numismatic market. About one in eight bullion buyers become rare-coin buyers, according to the records of my own rare-coin and bullion firm.

David Hall business associate Van Simmons holds up a prized 1888 Liberty Head Double Eagle graded Proof-65 Cameo by PCGS.

Bullion buyers turned rare-coin buyers greatly expands the demand for rare coins, resulting in increased prices for select coins in the rare-coin market. The easiest coins for rare-coin dealers to initially interest bullion buyers in are classic gold coins that have a significant component of gold value in them, such as select $20 Liberty Head and Saint-Gaudens Double Eagle gold coins. Many buyers then move on to buying rarer gold coins that strike their fancy. Some ultrahigh-net-worth buyers develop a particularly keen interest in gold coins and spend millions of dollars on gold rarities. In 2025, collectors and investors made multimillion-dollar gold-coin rarities commonplace, continuing a trend building over the last decade.