Monday, 14th January 2008 (1666 views)

Gold coins from Japan may be an interesting investment opportunity for people who normally seek out coins from the United States and Europe, a coin collecting "veteran" told the Telegraph this weekend.

Following the sale of a number of gold coins by the Japanese ministry of finance, Sir John Wheeler - who is also the chairman of the advisory panel to Aim-listed firm Avarae Global Coins - claimed that many Japanese coins in mint condition have historic and numismatic value.

The fund has recently obtained a series of 385 gold coins from the Japanese government, which have never been in circulation. All the coins were issued between 1870 and 1917.

Part of a collection totalling 32,683 gold pieces, the coins were put on sale three years ago. Each item is individually contained and stamped with the country's ministry of finance.

They are currently being housed in the vault of AH Baldwin and Sons in London, the newspaper reported.

Avarae Global Coins said the "sizeable" lot of coins offers "great potential".

 

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