Daily Rare Coin Update
May 22, 2009 – The price of rare coins for the most popular investment-grade certified rare coinages is once again increasing today for the third consecutive week as safe haven demand is currently skyrocketing based on inflationary fears and sentiment that the financial crisis may not end as soon as we had expected. There are many places where you can find the updated price of rare coins, but we only recommend the price guides of both the Professional Coin Grading Service and the Numismatic Guaranty Corporation because they are the two most reputable third-party certification agencies in the world. It is very important that investors and collectors understand that the prices that they post on their guides are simply retail prices, which means that you could find better pricing by dealing directly with discount dealers as opposed to the more costly retail dealers. There are currently hundreds of precious metal and rare coin exchanges around the country, yet companies like the Certified Gold Exchange hold prominence above all based on their competitive discount pricing and dedication to client satisfaction.
By around 2:40 PM Eastern Standard Time, the price of rare coins seems to be extending gains today, and several of these coinages have seen significant increases in value based on a massive rally to save haven investments. Currently, the gold spot price is trading at around $956.50 per ounce, jumping up $2.60 for the session while the silver spot price is trading at around $14.69 per ounce, jumping up $.14 for the session.
Shawn Penny
Senior Staff Writer – Rare-Coin.org
