If you thought those Highland Mint coins are an investment? Think again.
Since Super Bowl 41 the Highland Mint Two Tone Flip Coins are no longer made with .999 silver. When the price of silver and gold went up, the Highland Mint went to using a base metal and plating the coin in silver and gold accents. In 2017 the Highland Mint is no longer gold plating the Super Bowl coins. Instead they are now doing a process called gold flashing. Look for an article in the future about this topic.
4 Reasons To Avoid Investing In Commemorative Coins
Published by: Eric Sepanek
Since the 1960s, commemorative coins have been issued by various companies advertising themselves as “mints” while indirectly representing their coins as viable investments. Although commemorative coins are beautifully designed and themed after admirable individuals (U.S. Presidential commemorative coins, for example), momentous events in history, or landmarks to make them even more attractive to collectors, they may not be considered good investments. In fact, the old adage that looks can be deceiving applies especially to commemorative coins.
Little, if any, gold or silver used
Something touted as being commemorative gold coins sounds like an investment-worthy product, but don’t buy into this, don’t let the word “gold” fool you. It is a powerful and persuasive word used by companies selling commemorative coins to influence consumer behavior. Be aware that items said to be gold are typically “gold-plated” and have such a thin, nearly imperceptible layer of gold covering them that it costs more to refine the items than the item is actually worth. This also goes for “plated” and “layered” commemorative silver coins as well.
Radio, print media and television remain largely uncontrolled in this market, meaning that companies pitching a product or service can make just about any type of claim by cleverly skirting the truth about real commemorative coin values. In addition, businesses selling US commemorative coins, Presidential commemorative coins and other popular commemorative sets can keep their lawyers on call just in case anybody tries to sue them for fraud.
Far from rare coins
Advertisements that claim “only 1000 of these valuable commemorative Reagan dollars are left for purchase by the public” neglect to tell you that over a million Ronald Reagan silver dollars have already been sold. Not only does the fact that millions of people owning the same coins force the value of commemorative coins to drop exponentially, but it may also cause economic hardships for consumers who innocently thought they had made a viable and financially worthy investment.
Meaningless authenticity certificates
Think those “Certificates of Authenticity” included in gold or silver commemorative coins are authentic? This supposed authenticity is likely worth little more than the stock paper it is printed on. Since these so-called certificates are not officially affixed to these gold and silver coins, unscrupulous sellers will simply move general certificates among different commemorative coin sets.