Having led watches for the past ten years (182% compared to 65% growth), coins were neck-and-neck with watches for the year ended 31 March 2017 – both asset classes showed growth of 4% from the previous year. This is quite significant, as looking back to the end of 2016 and the year-to-date performance, there was 6% growth for coins and 4% growth for watches.
The most popular watches with investors have been collectibles by the likes of Patek Philippe and Cartier, which have shown growth of more than 50% each over the past 10 years, and Rolex of a little more than 30%. Explaining why recent watch growth isn’t as high as you might think, Jonathan Darracott, Global Head of Watches for Bonhams, said, “Some of the most popular watches today weren’t really considered that desirable when the indices were put together.”
The top coins to invest in according to Stanley Gibbons include the Charles 1 Gold Triple Unite (1642), which was the largest gold coin ever hammered in England and given as gifts by the King. Only 200 of these are known to have been produced and today go for more than US$128,000. Another coin, the Hirohito, Gold 20-Yen, “Showa 7” (1932) was produced from 1930 to 1931 officially and then discontinued in 1932. However, according to Stanley Gibbons, a few were issued with 1932 on them, but never circulated, thus making this coin extremely rare and valued at just over US$42,000.