Daily Rare Coin Update
March 17, 2009 - $10 Liberty coins are a favorite to both collectors and investors alike, and lately precious metal investors are beginning to take interest in them for their impressive wealth preservation attributes. Many of these investors are noticing the fact that bullion coins like American Eagles have decreased in value along with the spot price, while these $10 Liberty Coins are still holding on strong since the metal peaked at $1007 per ounce on February 20. Although precious metal spot prices are declining today, the overall long-term demand for physical possession bars and coins continues to increase and mints around the world have experienced an exponential spike in interested household and institutional investors. Too many of them have realized the instability within mainstream financial markets, and they are seeking something with historical ability to stand strong while other assets flounder. These attributes could be found with products such as the $10 Liberty Coins.
Several investment-grade rare coins are living up to their name despite the gold spot price moving down to $915.40 per ounce, dropping $7.70 or .83% for the day while silver loses $.22 to around $12.67 per ounce. Those interested in beginning in investment with rare coins should be aware that the latest short-term projections are saying that small instability could be experienced with precious metals for the upcoming weeks, yet the long-term potential looks impressively bullish and some products could even double in value by the end of the year. If investing now, try to hold on to your coins for at least 2 to 3 years.
Shawn Penny
Senior Staff Writer – Rare-Coin.org
