Daily Rare Coin Update
June 19, 2009 – The Indian Head gold coins are highly sought after for their significant numismatic value because they are the original Eagle coins that were in circulation during the late 1800’s and early 1900’s. Although mostly sought after by collectors, many investors have been purchasing these Indian Head gold coins because they have proven to be an excellent long-term wealth preservation diversification. Unlike the more common investment-grade rare coins like the $20 Saint Gaudens or $20 Lady Liberty, the Indian Head gold coins are smaller in size, depending on whether they are the $2.5, $5 or $10 coins. Their variety of size denominations makes them affordable to various types of investors. I would recommend that investors looking to purchase rare coins always track the value of their coins on either the PCGS for NGC Price Guides because prices usually vary on a day-to-day basis. Another important tip is to work hand-in-hand with a rare coin investment advisor because an expert in the field could help you maximize your investment potential in both the short-term and long-term perspectives.
By around 2:45 PM Eastern Standard Time, several investment-grade rare coins are maintaining flat for the trading day as they have usually done in the past when both gold and silver spot prices make sudden market movement. The gold spot price is currently sitting at $931.90 per ounce, down $6.90 for the day while the silver spot price is currently sitting at $14.21 per ounce, down $.11 for the day.
Shawn Penny
Senior Staff Writer - Rare-Coin.org
