Gold coins are not just for investing or collecting. They also make great jewelry and when rare coins are used, they command a high price. If you know someone who likes to buy gold coins, consider getting them a coin pendant as a gift. They will appreciate the thought and years from now, that present may be worth quite a bit more money.
While it is unlikely that the pendant value will ever rival the price of a 1933 Gold Double Eagle coin, it can increase from its present market price. In the past, people drilled holes through coins that were used as jewelry. This reduced the metal content, thereby decreasing the coin value. Old holed coins often serve as keepsakes or are used as decoration rather than being sold.
These pendants were once thought to bring power to the wearer. The type of power depended on the symbols contained on the pendant. When coins began circulating, people saw them as a way to capture wealth around their necks. The popularity of gold pendants has not waned since civilizations like the ancient Roman Empire.
These days, people buy pendants featuring mounted gold coins that remain as intact as possible. Though the coin may not have a hole in it, the numismatic value is usually lost. For some people, this is not a concern, as they purchase these pendants purely for their aesthetic appeal. Especially popular are American Eagle gold pendants and these are even worn by celebrities.
While it is not recommended that investors buy gold coins as a way to enhance their portfolios, they can use them to accentuate their wardrobe. Gold pendants are attractive and unique and when paired with gold coin rings and bracelets, they create quite a statement. In some cases, they may become valuable due to their rarity or metal content.