Daily Rare Coin Update
May 27, 2009 – The $20 Saint-Gaudens coins have become a staple product in both collection and investment portfolios around the nation. Aside from being one of the most visually appealing American coinages in existence, the $20 Saint-Gaudens hold several advantages over modern-day bullion products, such as their ability to profit more when held over a longer period of time along with their ability to remain non-confiscatable and fully private in the event that the United States Government needs to confiscate gold bullion in order to back up a collapsed dollar. Many wise investors are beginning to take advantage of the $20 Saint-Gaudens in the widely traded common date varieties because they do not hold a massive rarity premium compared to other rare coins such as the $4 Stella. I always recommended that you deal directly with a rare coin expert before beginning an investment or collection in order to find out which products may suit you best.
By around 3:20 PM Eastern Standard Time, many of the widely traded investment grade certified rare coins are increasing in value despite moderate fluctuation with precious metal spot prices that is occurring based on instability with financial markets at the moment. Gold is trading at around $950.80 per ounce, down $1.30 for the day while silver is trading at around $14.83 per ounce, up $.22 for the day. Keep a close eye on the growing inflationary fears along with the United States Dollar Index that may begin withering away in the near future if investors continue shifting away from dollar-backed assets in exchange for safe haven precious metals that are expected to thrive during this financial crisis.
Shawn Penny
Senior Staff Writer – Rare-Coin.org
