One book can’t have all of the answers.
Donald H. Kagin, Ph.D., freely admits this in
the introduction to his new book Profit from Gold and Rare Coins
Now. He writes that instead, his book should be viewed as a road
map, “laying bare all the unmarked curves and forks in the road that,
ultimately, dictate how and when to invest in gold and rare coins and currency.”
He intends that the book serve readers as a sort of “boot camp for
the numismatic mind,” telling the reader, “when you have absorbed
every word and set this book down, you will be prepared enough to
begin your journey.”
To further assist, Kagin has designed the book as a “Living Book,”
which he intends to update through a website, www.goldandrarecoins.net, so that the book does
not end at the final print chapter, but instead is updated to keep
current with shifting markets.
A perfect storm
Kagin believes that factors today create a perfect storm favoring a
dramatic rise in bullion and rare coin values. These factors include
economic uncertainty, a foreign debt crisis, the possibility of future
inflation, and a monetary policy by the Federal Reserve Bank that he
characterizes as ultra-expansionary. Add to that technological
advances that make it easier to value coins and increasing investor
demand for alternative assets like rare coins, and Kagin sees these
factors forming the beginning stages of a bull market.
He writes, “We are in the beginning state of the biggest, most
robust bull market in investment-quality and legacy — exceptionally
rare and important — coins in the history of numismatics.”
The author relates a story that a surgeon told him: while the doctor
could remove an appendix in 15 minutes, he attended medical school for
seven years to know what to do if anything goes wrong. Kagin wrote his
book with this in mind: to help a collector/investor both guard
against unexpected changes in the market and find the most expedient
way from point A to point B.
If one theme permeates the book, it is that becoming a seasoned
numismatic investor takes a substantial investment in time and
resources and that a collector/investor has little to gain by going it
alone. Instead, look to a trusted network of dealers and advisers
(preferably ones with good track records) to help you build a
More from CoinWorld.com:
allows U.S. Mint customers to order and receive Proof 2015-S U.S.
Marshals Service half dollars early
King interviews GreatCollections' Ian Russell about coins
Stars' Rick Harrison spotted at Heritage's FUN Platinum Night auction
Ben silver £100-for-£100 coin sells out from Royal Mint
are 12 photos from Tuesday's opening of the Boston time capsule
Keep up with all of CoinWorld.com's news and insights by signing
up for our free eNewsletters, liking
us on Facebook, and following us on Twitter. We're also on Instagram!