British Sovereign Gold Coins
As gold prices head higher, there is increasing interest in gold coins of smaller denomination.Obviously, not everyone can afford regular infusions of gold to their IRA or other retirement accounts, with spot gold prices solidly above $1100 an ounce and trending even higher.Yet, gold is what they desire.
Hence, one reason people buy British Sovereign Gold Coins.I heard one comment that the market was flooded with these coins and they're not even worth the gold they were printed on.To that I respond by sending you to our web site page that publishes openly, Lear Capital's Real Time online buy and sell prices for these coins and a myriad of other coins we make available on our web site.
Right at this moment Lear pays at least an amount equal to the spot price of gold to you if you want to sell.The same holds for similar coins like the German 20 Mark and the Swiss 20 Franc.And with Lear's sell price just a few dollars higher, you can see why some investors prefer these small denomination coins.It's like buying raw gold and getting a little free history and a pretty design as a bonus.I think that probably settles the issue that these coins may not be worth the gold they are printed on.In the end gold is gold and gold demand is still on the rise.