Daily Rare Coin Update
June 2, 2009 – When looking to diversify into certified precious metals, it’s very important that investors purchase rare coins in the investment grade varieties. There are literally thousands of different types of rare coins available, and the majority of them hold very large premiums that most wise investors avoid simply by purchasing rare coins that are common dated and widely traded. The difference between a common dated, widely traded rare coin and a very rare coin is quite significant, and for example a common $20 Saint Gaudens may cost an investor $2,000 while a rare $20 Saint Gaudens may cost an investor $200,000. Big difference right? Wise investors typically purchase these common coins because they hold the exact same amount of gold as a rarer coin. In the end, gold is gold and silver is silver, so don’t be fooled by rare coin dealers that swear up and down that a rarer coinage is the way to go.
By around 3:30 PM Eastern Standard Time, many of the most popular and widely traded investment grade certified rare coins are increasing in value as the spot price of both gold and silver have officially rebounded from small losses that were seen yesterday. Currently, gold is sitting at around $981.30 per ounce, jumping up $6.60 for the trading day while silver is sitting at around $15.93 per ounce, jumping up $.34 for the trading day. If you are looking to purchase rare coins at the moment, you may benefit by contacting Rare-Coin.org directly for competitive pricing backed by our PriceMatchPlus Guarantee.
Shawn Penny
Senior Staff Writer - Rare-Coin.org
