"They can't go back in time to make more of them," Simon Black says of pre-1933 U.S. coins
In a survey of alternative hard assets other than
gold bullion, Business Insider names
rare coins as an option:
The scarcity of
rare coins ensures retention of their value. The price of the 1907
$20 St. Gaudens gold coin went from under $2,000 prior to the recession up to $2,720 this October. Simon Black notes that unlike
gold or
silver, whose supply levels can fluctuate, the supply of
rare coins cannot increase -- enabling them to serve as a reliable store of value.
As Black
wrote at Sovereign Man: "
Rare coins.
Gold and
silver are excellent, traditional stores of value. But while millions of new ounces are pulled out of the ground year in, year out, there are only a certain amount of 1907-1933
St. Gaudens $20 gold pieces in the world ... and they can't go back in time to make more of them."
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