Wednesday, May 28, 2008

Hello fellow collectors!

Hello fellow collectors, first off let me introduce myself! My name is John Nystrom I am a teacher in Washington State (6-8th grades). I currently own a niche store that is dedicated to gold coins. Mostly American Gold coins to be specific. You can see my Store at www.goldcoinsearch.com it is an eBay affiliate store.

I started this store because of my love for gold coins and how amazing I think they truly are. My first gold coin was given to me when I was 17 years old. It was an 1845-O Gold Liberty Eagle that my grandfather won during a pool game in the 20s. He gave it to me as a High School graduation gift. I loved it so much I made sure it was in a safety deposit box until I graduated from college. Then after I got married I needed some money for a house and I sold it. (Thank you Grandpa!!!)

The next gold coin I purchased was an 1874 Indian Princess $3 (I forgot which mint). I bought it at the local auction house. I couldn't believe my winning bid was only $194.00, people obviously did not research it like I did. I put it on eBay the next day and sold it for $1,902.58 at the end of the week, talk about a turn around!

Now I continue to look for gold coins to sell. I find them fascinating and intriguing. The stories behind most gold coins can be very intriguing if you are a history buff. I once read a blog that was titled "Gold Coins a bad investment!". I completely disagree, If you know where to look, (eBay, local auction house etc.) then you can find a great investment. He stated gold prices and so forth. Most gold coin collectors don't buy for the weight but they buy for the rarity and story behind the gold as well as the weight. I believe that collecting gold coins is a great way to have a collection that will not faultier in price too much. And if you are lucky you can find a deal or two and turn them around on eBay like I did.

In my next blog I will get into the history about all Popular St Gaudens Double Eagle and why it brought a world record price at the auction house.

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