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Tuesday, 12th May 2009 (4023 views)

A private investor has examined the potential offered by gold coins for improving his tangible asset portfolio.

Writing in the Financial Times, Peter Temple stated that it is important to find "good quality" stock when investing in precious metals and collectables.

He pointed out that collectors seek "something new" when demand is high and added that he had recently turned his attention to gold sovereigns, which tend to sell at a standard price based on their bullion content.

Mr Temple, who also collects Isle of Man coinage, explained that "sovereigns have a long history and are among the most widely collected UK coins", with "liquidity" one of their main attractions.

All sovereigns since 1817 have a gold content of 0.2354 troy ounces and earlier pieces tend to sell at a premium.

The first gold sovereign was produced during the reign of King Henry VII in 1489 and was designed by the German engraver Alexander of Bruchsal.

 

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