A number of those who Collect Rare Gold Coins are interested some high profile items. A rare $20 1933 Double Eagle gold coin was sold at the highest price ever to be paid for a coin, at $7,590,020 in July 2002 at Sotheby’s. According to David Albanese (president of Albanese Rare Coins), a $10, 1804-dated eagle coin, that was made for President Andrew Jackson as a diplomatic gift, was sold to an unnamed private collector for $5 million on October 4, 2007. Blanchard and Co, the New Orleans-based coin and precious metals company, told The Associated Press that a very rare 1787 gold Brasher doubloon was sold for $7.4 million to a Wall Street investment firm. That unnamed buyer earlier offered $5.5 million for the coin, but the offer was rejected by the seller. That coin had earlier changed hands for $3 million in 2004. It contains 26.66 grams of gold and was worth around $15 at the time it was minted by Ephraim Brasher, a goldsmith and neighbour of George Washington. In 1933, around 445,000 Double Eagle coins were recalled to the US Mint and melted down. Only few coins survived the recall and are now famous among coin collectors. The President of the Professional Numismatists Guild, Jeffrey Bernberg, expects strong demand for rare coins in 2012.

Popular Rare Gold Coins

As limited gold coins were left after the recall by the US government in 1933, these rare gold coins are very famous among coin collectors. Some of the popular rare gold coins are as follows:

• $10 Liberty Rare Gold Coins
• $5 Indian Rare Coins
• Saint-Gaudens Gold Coins
• Liberty Rare Gold Coins
• $10 Indian Gold Coins
• Double Eagle ($20.00 Gold Pieces) 1850-1933
• Half Eagles ($5.00 Gold Pieces) 1795-1929
• Three Dollar Gold Pieces 1854-1889 ($3.00)
• Gold Dollars ($1.00) 1849-1889
• NGC/PCGS-Certified Gold American Eagle Bullion Coins
• Certified American Buffalo Gold Bullion Coins
• Eagles ($10 Gold Pieces) 1795-1933
• Ultra High Relief 24-Karat Gold Saint-Gaudens $20 Double Eagles
• Four Dollar Gold or “Stella” ($4.00)
• Quarter Eagles ($2.50 Gold Pieces) 1796-1929

Tips To Collect Rare Gold Coins

There are several factors that decide the value of gold coins, like condition, age, rarity and the number originally minted. Some people collect rare gold coins as a hobby and some collect them for investment purposes. Rare gold coins are very costly. So whether you are collecting them as a hobby or for investment, it is important to know the way to get the best value for your money.

• Examine the dealer’s history before buying rare gold coins. Check out when the dealer started the business. Also, take note of the dealer’s physical address and contact numbers.
• Compare the dealer’s value of the coins with various other dealers. You can also look out for some auctions of the coins.
• You may buy the coins directly from owners. However, this is not a very easy process to follow as you may not have enough information to find the owners.
• Select a dealer who matches your coin interest so that you can collect your favorite coins.
• Select a dealer who is a member of the Professional Numismatist Guild (PNG).
• Choose coins graded by the Professional Coin Grading Service (PCGS).
• Go through the PCGS Online Population Report for getting more information on rare gold coins.
• Keep a regular check on the gold coin market. Start reading books and reports on the gold market for updates.
• Record the buying value of each coin accurately and keep comparing them with the market value. This will help you know the growth as you collect rare gold coins.