Daily Rare Coin Update
June 11, 2009 – Gold has increased in popularity significantly in the past few years as wise investors have turned to the safe haven metal with hopes of protecting the hard-earned wealth with one of history’s most preservative investments, and many of these investors have turned to products like the gold Indian coins that have proven their long-term wealth preservation potential during times of economic distress. The gold Indian coins are considered an investment-grade rare coin, yet unlike the more popular $20 Saint Gaudens, the Indian Heads hold a higher premium because they are significantly rarer. They were minted between the years of 1907 and 1933, and their design was created by the same person as the $20 Saint Gaudens, master sculptor Augustus Saint Gaudens. The coin weighs nearly 17 grams and it is highly sought after because few of them were minted. As far as investing is concerned, I typically only recommend the gold Indian coins to investors who seek long-term wealth preservation potential, so if you do decide to purchase this coin, simply store it away for a few years and hopefully they could increase in value significantly as many rare coins usually do.
By around 4 PM Eastern Standard Time, several investment grade rare coins are remaining flat for the trading day while precious metal spot prices fluctuate between gains and losses based on investor uncertainty. Gold is sitting at $953.70 per ounce, down $.40 for the trading day while silver is sitting at $15.32 per ounce, up $.15 for the trading day.
Shawn Penny
Senior Staff Writer - Rare-Coin.org
