Collecting old or rear gold coins can be an outstanding hobby or investment. There are some things you should know before ever buying gold coins for the purpose of building numismatic value. One thing you should know is the past performance of the coin or coins ability to build numismatic value. Some other things you should know is the rarity and age of any gold coin you are looking to buy. With numismatic gold coins the price of a coin can change depending on what year it was minted. Usually the older a coin is the more it will appreciate compared to similar newer minted gold coins.

It is important to research as much information on a particular coin to know what kind and what date of that gold coin you are interested in. Some gold coins have special kinds of coins called proof coins. Proof coins are struck with specially treated dies and usually double struck for a more detailed and mirror like finish. These coins are usually more expensive and rarer then its generic counterpart. Also some gold coins are only struck as proof sets.

The spot price of gold usually has little to no effect on the price of numismatic gold coins. The reason for this is that numismatic gold coins are worth more than its weight in gold. In some rare cases if the spot price of gold moves up or down significantly it can affect newer and less rear numismatic gold coins. As in the case of any gold you buy it is recommended that you research the company you buy your coins from before purchasing. Also if any of your numismatic coins come in a protective case it is recommended that you never remove from that case. Collecting gold coins can be a profitable hobby or investment if you research and know the right kinds and right price of coins to buy.