Daily Rare Coin Update
April 29, 2009 – The $20 Lady Liberty is known as one of the most popular investment-grade certified rare coins, and its design is considered the second most impressive in American coinage, the first being the $20 Saint-Gaudens. Long-term preservation seeking investors are currently purchasing these $20 Lady Liberty coins because they historically increase in value a bit faster than standard bullion products over a longer period of time and they’re also non-confiscatable by the United States Government in the event that gold needs to be recalled to backup the failing dollar. They come fully certified and graded by reputable certification companies such as the Professional Coin Grading Service or the Numismatic Guaranty Corporation. Bullion gold coins like the American Eagle and Canadian Maple Leaf are known to be useful short-term profit taking diversifications, yet the increasing problems with the United States economy has many investors preferring a more preservative asset that is fully private.
Several investment-grade certified rare coins like the $20 Lady Liberty and $20 Saint-Gaudens are showing small signs of increasing in value today due to a slightly higher spot price that sits at $900 per ounce, moving up $6.70 for the day and also moving up $29.30 in the last 365 days. Silver on the other hand is also appreciating in value, up to $12.79 per ounce, an increase of $.30 for the day. The Certified Gold Exchange is highly recommending that investors keep a close eye on the economy because significant negative economic data may spark safe haven demand that could push up prices up to projected levels.
Shawn Penny
Senior Staff Writer – Rare-Coin.org
