We all know that being a coin collector is both a fun and fulfilling hobby. You get to explore new or ancient cultures through their currency while experiencing each coin’s unique artistry. But what about using your collection for a more serious purpose like wealth protection?

Here at Coins Plus, Greater Cincinnati’s  leading rare coin dealer, we believe there is value in this venture. However, there are also a few factors all collectors should consider before they take the plunge.   

Advantages of Owning Hard Assets

Gold and other precious metals are a time-honored investment dating back centuries. Now, even with the recent rise in digital transactions, coins made of these materials remain a worthwhile asset. Not only are they resistant to inflation but their value tends to increase when other investments decline, thus stabilizing your portfolio. Additionally, you only have to pay a capital gains tax on the items when you decide to sell. This paired with the new sales tax exemption that Coins Plus helped enact, hard asset accumulation is easier and more economical than ever before.

When purchasing hard assets for your portfolio it is important to deal with a reputable, established dealer.  Coins Plus is a member of The Professional Numismatists Guild (PNG) and also part of their Accredited Precious Metals Dealer program.  We have been buying and selling coins and precious metals in Cincinnati since 1972.  Longevity like this, along with membership in the PNG, guarantees you will be treated fairly and with respect when buying items for your collection or portfolio. Our extensive experience, and being the ONLY local PNG dealer, speaks volumes about our business.

Disadvantages of Investing

Like with any venture, there are several drawbacks to investing in coins or bullion. One example is that gold coins are not an investment in company growth. Thus, you will not collect dividends or interest like you can from stocks and bonds. You may also have to wait a few years before your purchase increases in value. Whether you are looking for century old gold coins or those recently issued, you can be assured that Coins Plus will offer the area’s best expertise and advice.

Are you ready to take the plunge? Call Coins Plus at (513) 621-1996 to speak with an experienced dealer today. To learn more about their comprehensive coin buying services including honest appraisals, visit our website.