January 16 - Daily Rare Coin Update
January 16, 2009 Indian Head gold coins receive a small increase in value as investors turned to the coin as a non-confiscatable safe haven. You may want to take a look at your coins’ gold content today, as we’re up by just a bit. Today, gold is trading in the area of $835 per ounce, after a five-week low experienced yesterday. It’s a small boost, just $19 an ounce, but it’s certainly indicative of the problems we’re experiencing with the American Dollar right now, and will certainly play into precious metal projections for the rest of the year.
It may be just a little bit too early to start making your rare coin projections for the rest of 2009, but one thing is most definitely for certain; the Dollar is not rebounding as some expected it would. While we did see a small increase in the Dollar’s buying power on the global marketplace a few days ago, it didn’t last very long at all. In light of this, it shouldn’t be surprising in the least if we see some analysts start quoting some fairly high numbers for Indian Head gold coins along with other rarities in the coming weeks.
Indian Head gold coins are still gaining popularity, along with other rare coins. Where numismatics was once considered a niche hobby for a small group of enthusiasts, today, the rare coin market has become a major investing option. You could certainly attribute this to the economic crises of the last eight years or so. Investors are simply looking for safer, more secure options than we’ve been given, and coin collecting is a simple way to take your financial future into your own hands. Have a great day and invest in the best!
Arthur McGuire
Senior Staff Writer - Certified Gold Exchange
