Daily Rare Coin Update
May 8, 2009 – $20 rare gold coins refer to either the $20 Saint-Gaudens or the $20 Lady Liberty, and they are commonly known as being the two most popular investment-grade certified rare coins. The majority of these $20 rare gold coins come certified by either the Professional Coin Grading Service or the Numismatic Guaranty Corporation, who basically grade the coinages depending on their condition. Typically, investors who seek long-term wealth preservation purchase these coins because they sometimes profit faster than standard modern-day bullion products when held over a three-year period, plus since they are rarities, the United States Government cannot confiscate them like they did in 1933. These attributes make the $20 rare gold coins an interesting diversification for investors who want a historically safer alternative than the more volatile bullion bars and coins. It’s always recommended that investors work hand-in-hand with a rare coin expert in order to find out what product is best for their portfolio.
By around 3 PM Eastern Standard Time, several investment-grade certified rare coins are continuing their gains, and the week has been quite profitable for their investors, with gold climbing up more than 3.8% while several stock indexes and the United States Dollar lost value. Currently, the gold spot price is at $913.80 per ounce, up $3.80 for the trading day while the silver spot price is at $13.95 per ounce, up $.16 for the trading day. There are some very interesting market projections circulating at the moment, one that struck my attention forecasted gold at $1200 per ounce and silver at $25 per ounce by the end of the year.
Shawn Penny
Senior Staff Writer – Rare-Coin.org
