Daily Rare Coin Update
July 1, 2009 – Rare coin investing is seeing some newcomers today as safe haven demand for gold and silver is once again increasing based on speculation that the United States Dollar will continue to contract as a result of large amounts of negative economic data flooding into the market. Although not a mainstream diversification strategy, rare coin investing has been increasing in popularity significantly within the past few years as more and more wise American investors have been seeking long-term alternatives to volatile bullion products that are considered ideal only for short-term profit-taking reasons. Fortunately, many of these investors have expanded their investing boundaries by diversifying into some of the most popular investment-grade rare coins like the $20 Saint Gaudens and $20 Lady Liberties, certified by either the Professional Coin Grading Service (PCGS) or the Numismatic Guaranty Corporation (NGC). In the past eight years, these coins have proven their resistance to sudden market volatility while at the same time increasing in value at a faster rate than modern-day bullion coins for investors who held onto them for more than three years, thus making them a sound long-term investment for those who aren’t worried about short-term profit-taking. If you feel that you could take advantage of rare coin investing by diversifying as of now, feel free to research this elaborate market by using some of the useful resources that we have available on this website.
By around 4:15 PM Eastern Standard Time, it appears that several investment-grade rare coins are extending their gains after holding on strong despite yesterday’s downward fluctuation with precious metal spot prices, and currently gold is climbing to $939.30 per ounce while silver is climbing to $13.71 per ounce.
Shawn Penny
Senior Staff Writer - Rare-Coin.org
