Daily Rare Coin Update
May 28, 2009 – The $20 Lady Liberty holds an important historical background that makes it a favorite to both investors and collectors around the nation. Many investors in particular like these coinages because of their distinct design and long-term profit and preservation potential. In the last few years, several of them have increased in value more than 300% as the gold spot price climbed up to its all-time record high of $1033 per ounce. In 1907, the $20 Lady Liberty coins were replaced by the more visually appealing $20 Saint-Gaudens that were produced because President Theodore Roosevelt wanted to beautify American coinage to look more like ancient Greek coins. The majority of these $20 Lady Liberty coins are graded and authenticated by reputable third party companies such as the Professional Coin Grading Service and the Numismatic Guaranty Corporation. To this day, the Lady Liberties stand as a memory of an age when life was a lot simpler and gold was widely accepted as both a currency and investment.
By around 4:10 PM Eastern Standard Time, it appears like increases with precious metal spot prices are causing many investment-grade certified rare coins to increase in value side-by-side with the gold spot price that is currently trading at around $958.00 per ounce, moving up $9.70 for the day while the silver spot price is currently trading at around $15.13 per ounce, up $.38 for the day. The overall popularity of certified rare coins has increased significantly in the last eight years as wise investors have flocked to safe haven precious metals in order to protect their hard-earned wealth during these troubling economic times. This being said, don’t miss the opportunity to purchase investments like the $20 Lady Liberty coins that could preserve wealth better than assets like stocks, bonds and real estate.
Shawn Penny
Senior Staff Writer – Rare-Coin.org
