Gold
Making Cents of Rare Coins
Rare coins can play a role in an investor’s portfolio as an alternative asset.
Rare coins can hold their value quite well over time, while remaining small and portable as physical assets. A rare coin can also sell for many multiples of the metal contained within, and this additional premium is known as its numismatic value.
The caveat to rare coins is that the market is often illiquid, specialized, and partially arbitrary. Just like collecting fine art or other unique assets such as colored diamonds, it is not typically a game for amateurs. Coins can be misrepresented or over-graded by dealers and it is important to be armed with knowledge and experience in any given transaction.
The following infographic from Express Vending gives an introduction to rare coins, including the stories behind certain coins and why they are worth up to millions of multiples of their face value.
The types of rare coins that are sought by collectors tend to be valued for one of two reasons:
- The coin is commemorative and made in small amounts. For example, the rarest British coin in general circulation is the 250th anniversary commemoration of Kew Gardens 50p, which is well known in the coin-collecting community.
- The coin can also come about because of a minting error. The Kansas State quarter, minted in 2005 in small quantities, was made with too much grease in the press, resulting in the unfortunate text: ‘In God We Rust’.
In some cases, the numismatic value can be absolutely shocking, which is part of the lure of rare coins. Look at the Canadian “dot” penny from 1936. It’s believed that only three were produced in the world, and one recently sold at a U.S. coin auction for over 25 million times its face value for $253,000.
The difference between these coins and the millions of other pennies minted in 1936? It’s just the tiny dot placed below the date on the “tails” side of the coin.
Mining
Visualizing the New Era of Gold Mining
This infographic highlights the need for new gold mining projects and shows the next generation of America’s gold deposits.
Visualizing the New Era of Gold Mining
Between 2011 and 2020, the number of major gold discoveries fell by 70% relative to 2001-2010.
The lack of discoveries, alongside stagnating gold production, has cast a shadow of doubt on the future of gold supply.
This infographic sponsored by NOVAGOLD highlights the need for new gold mining projects with a focus on the company’s Donlin Gold project in Alaska.
The Current State of Gold Production
Between 2010 and 2019, gold production increased steadily, though this growth has stagnated over the past few years.
Year | Gold Production, tonnes | YoY % Change |
---|---|---|
2010 | 2,560 | - |
2011 | 2,660 | 3.9% |
2012 | 2,690 | 1.1% |
2013 | 2,800 | 4.1% |
2014 | 2,990 | 6.8% |
2015 | 3,100 | 3.7% |
2016 | 3,110 | 0.3% |
2017 | 3,230 | 3.9% |
2018 | 3,300 | 2.2% |
2019 | 3,300 | 0.0% |
2020 | 3,030 | -8.2% |
2021 | 3,090 | 2.0% |
2022 | 3,100 | 0.3% |
Along with a small decrease in gold production in 2020, there were no new major gold discoveries in 2021.
The fall in production and long-term lack of gold discoveries point towards a possible imbalance in gold supply and demand. This calls for the introduction of new gold development projects that can fill the supply-demand gap in the future.
Sustaining Supply: Gold for the Future
Jurisdictions play an important role when looking for projects that could sustain gold production well into the future.
From political stability to trustworthy legal systems, the characteristics of a jurisdiction can make or break mining projects. Amid ongoing market uncertainty, political turmoil, and resource nationalism, projects in safe jurisdictions offer a better investment opportunity for investors and mining companies.
Today, 10 of the top 15 mining jurisdictions for investment are located in North America, according to the Fraser Institute report published in 2023.
A Golden Opportunity
Located in Alaska, one of the world’s safest mining jurisdictions, NOVAGOLD’s 50% owned Donlin Gold project has the highest average grade of gold among major development projects in the Americas. For every tonne of ore, Donlin Gold offers 2.24 grams of gold, which is more than twice the global average grade of 1.04g/t.
Additionally, Donlin Gold is the second-largest gold-focused development project in the Americas, with over 39 million ounces of gold in M&I resources inclusive of reserves.
NOVAGOLD is focused on the Donlin Gold project in equal partnership with Barrick Gold.
Learn more about Donlin Gold .
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