My Insights on Why You Should Never Tone a Gold Coin!
June 17, 2025Exploring the World of Exonumia: Tokens, Medals, and Hidden Treasures
June 17, 2025I recently took a hard look at my precious metal coin collection, and it led me down a path of fascinating discoveries about how we, as collectors, value and manage these treasures. From budget constraints to the thrill of historical finds, I’ve gathered some insights that might resonate with fellow enthusiasts.
My Personal Collection Overview
In my own stash, I have a total of 41 gold and electrum coins—electrum counts, but gilt pieces don’t make the cut. This spans various categories: 7 from ancient and medieval eras, 2 from Roman Twelve Caesars, 15 world coins, and 17 US coins. Most are small bullion items, though I’ve picked up a few pre-1933 coins over the years. It’s surprising how it’s grown despite my often-limited budget, reminding me that persistence pays off in numismatics.
Insights from Collector Diversity
Through my journey, I’ve noticed that collectors approach gold and platinum coins in wildly different ways. Some stick to a modest 2-5 pieces, prioritizing affordability or focusing on other areas like historical copper coins that tell stories of everyday life. Others have larger holdings—I know one who has around 200, many from modern US commemorative series in Proof and Uncirculated grades. Sadly, those have often lost their numismatic premium and are now worth melt value, a cautionary tale about market fluctuations. Platinum is rarer in collections; I’ve only encountered a couple of pieces, like one acquaintance who sold his lone platinum coin to fund upgrades.
Highlighting Key Coins and Grading Tips
For me, the real magic lies in coins with rich histories, like Roman aurei and solidii. I own an aureus of Antonius Pius, NGC graded Choice VF, which is common but incredibly special—it commemorates the Colosseum’s opening. Another favorite is a solidus of Honorius with unique die quirks, and one of Valentinian III featuring Constantinopolis. Here’s a quick rundown of what makes them stand out:
- Aureus of Antonius Pius (Sear 4028, 156-7 AD): Victory reverse, a great entry point for ancient gold due to its relative availability.
- Solidus of Honorius (RIC X 1206b): Notable for the “AVG GG” error, hinting at co-emperors—grading such pieces requires attention to die variations.
- Solidus of Valentinian III (Sear 21261): Reverse shows enthroned figure, emphasizing the importance of iconography in authentication.
When grading, I always recommend services like NGC for certification, especially on high-value items. Choice VF grades, like on my aureus, balance wear with detail, making them affordable yet collectible.
Practical Advice for Building Your Collection
Based on my experiences, here’s some actionable advice for fellow collectors:
- Start with small bullion coins if you’re budget-conscious—they’re low-risk and can accumulate over time.
- Focus on coins with strong historical or artistic appeal, as they hold value better than purely numismatic modern issues.
- Track your collection meticulously; disorganization can lead to forgotten treasures, like those quarter eagles stored away.
- Remember that electrum (a gold-silver alloy) counts in your tally, but gilt or plated pieces do not—be precise in your inventory.
At the end of the day, collecting gold and platinum coins isn’t about amassing wealth—it’s about connecting with history and artistry. Whether you have a handful or a hoard, each piece tells a story worth cherishing.