Daily Rare Coin Update
June 9, 2009 – Investment-grade certified rare coins are becoming a popular choice for American investors who seek a long-term wealth preservation asset, and coins like the $20 Saint Gaudens have increased in popularity significantly in the past few years based on their solid track record of profit and protection. Since the beginning of 2001, the overall demand for physical possession gold and silver has increase significantly as both household and institutional investors have sought the ultimate hedge from a weakening economy. Modern-day bullion bars and coins are also very popular, yet they are also more volatile than investment-grade rare coins such as the $20 Saint Gaudens, that is being considered one of the best performing precious metal diversifications at the moment. For example, between the years of 2001 and 2008, gold bullion increased in value around 300% while several of the $20 Saint Gaudens coins increased in value between 300% and 400%, depending on their Mint State Grading. If you’re interested in beginning rare coin investing today, feel free to browse the website and learn more about the market before beginning a diversification because it could help you maximize your investment potential down the road.
By around 3 PM Eastern Standard Time, several investment-grade certified rare coins are increasing in value, yet precious metal spot prices have only made minor inclines for the day. Gold is currently sitting at $955.50 per ounce, increasing $4.80 while silver is currently sitting at $15.22 per ounce, increasing $.33. Spot prices are being heavily affected by the inverse correlation with the United States Dollar; so don’t forget to track the Dollar Index if you would like to determine the short-term market movement of safe haven metals.
Shawn Penny
Senior Staff Writer - Rare-Coin.org
