Daily Rare Coin Update
June 26, 2009 – The popularity of investment-grade certified rare coins has increased exponentially in the past eight years as new investors entered the market in search of an asset that was less volatile than modern-day bullion bars and coins. Slowly but surely, many investors have purchased rarities like the Lady Liberty coins, and fortunately many of them have made significant profit and achieved the wealth preservation that they seeked with these numismatic treasures. The pre-1933 Lady Liberty coins are some of the most popular investment-grade numismatics because several of them do not hold a large rarity premium, making them easy for investors to purchase and sell them because they are widely traded, common dated coinages. It’s very important that investors only purchase these investment-grade numismatics because much rarer coins hold a much higher premium. These significantly rarer coins are best reserved for collectors who are willing to pay the added premium in order to obtain these coinages. Always make sure that you track the value of your Liberty coins with a reputable numismatic price guide such as the PCGS (Professional Coin Grading Service) and NGC (Numismatic Guaranty Corporation) price guides.
By around 6 PM Eastern Standard Time, many investment-grade rare coins are continuing to increase in value today as safe haven demand for precious metals is on the rise after the latest negative economic data about the United States economy. The gold spot price is currently sitting at $938.90 per ounce, while the silver spot price is currently sitting at $13.99 per ounce.
Shawn Penny
Senior Staff Writer - Rare-Coin.org
