Pre-1933 U.S. gold coins offered “protection and comfort” in fluctuating market

DALLAS – Recent analysis by gold experts at Heritage Auctions demonstrates that, during the collapse of gold prices over the last few days, generic (i.e. common date pre-1933 US $5, $10 and $20 gold coins) market premiums for numismatic gold provided a solid hedge against the fall of bullion prices.

“Gold’s dramatic drop over the last two trading days has shown that the premiums of generic U.S. gold can certainly soften the blow when the markets turn sharply,” said Doug Baliko, Vice President of U.S. Gold and Numismatic Wholesale at Heritage. “Generic gold gives buyers the opportunity to gain with the change in the spot price, and limit their losses when metals prices fall.”

“This has certainly proven to be true over the last several days,” added Baliko. “With gold dropping from $1,565 (April 11) to $1,360 (April 15) – a $205 difference – the price of generic gold $20s (each of which contains .9675 ounces of gold) fell by only $115. Why? Strong public demand and limited available generic product even as the spot price tumbled, affording owners an added level of protection and comfort.”

Favorable conditions exists for buyers and collectors holding pre-1933 common date US gold coins and especially those who were wise enough to trade their modern bullion such as Eagles, Maple Leafs and Krugerrands for the earlier US coins.

The most recent 9 Year Coin Premium Analysis can be accessed here.

Heritage specialists are available to advise clients and potential clients at 800-872-6467, ext. 1335, or email

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