Ronald Reagan's economic expansion was the longest peace-time expansion in U.S. history. Generally, these were lean years for gold bullion investors. However, during this same period, rare coin prices set records. Rare coins are respected as vehicles of financial appreciation. Value, quality, merit, virtue, caliber, stature.
Rare coins sell at a greater premium known as the numismatic premium.
The amount of premium depends on the quality and rarity of the individual coin and fluctuates with changing market conditions. It isn't unusual to find rare coins selling at prices several times their underlying precious metal value. After all, they are treasures from the past, works of art, and symbols of wealth. Just as the price of gold fluctuates with changes in the market, premiums fluctuate with changing market conditions. The premium over gold content that exists when an investor acquires a rare coin may be greater or smaller when he or she chooses to liquidate.