Thursday, 12th October 2006 (3234 views)

Investors are beginning to realise the potential of gold coins and are ditching property and equity in favour of these precious metal discs.

According to the Financial Times, a specialist fund set up to cater for those looking to invest in coins has raised a massive £6 million since its inception in May.

Avarae's Global Coins fund, which aims to achieve long-term capital growth through the buying, holding and selling of high quality and rare coins, has attracted many high-profile investors over the last four months.

Some of the oldest coins in the portfolio originate from Macedonia, Egypt and Crete and date back as far as the third century BC. There are also plenty of more contemporary pieces from the 17th and 18th century reigns of Charles II, George I and George II among others.

There has been increasing interest in the gold coin sector recently as people become more aware of their huge investment potential. As a result the value of high quality, rare coin collections has grown significantly over the last few years.

Commenting on the growth of the gold coin market, Brian Hatton, executive director of Avarae, said: "As an alternative investment class to equities and property, an investment in coins can provide another form of diversification for investors, particularly in
periods of high capital market volatility, low interest rates and comparatively low property yields.

"Then there is the historical interest associated with coins, many scarce and rare, and largely unappreciated. With stamps, a collector's prize asset may date back as far as 1840, but with coins we can journey back to the Greek and Roman periods and long before that."

 

« Back to the stories

 

The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.