Daily Rare Coin Update
June 18, 2009 – Gold and silver are showing minor increase in value today, thus several investment-grade rare coins are also increasing, and today I would like to focus on the latest rare coin projections that have shown mixed bullish and bearish forecasts. After conducting a thorough evaluation of 2009 rare coin projections, I have come to the conclusion that despite a few bearish forecasts here and there, the majority of forecasts are bearish, because in the end, rare coins tend to increase in value not only when spot prices climb, but when their numismatic value climbs as well. In the past eight years, the majority of investment-grade rare coins certified by the Professional Coin Grading Service and the Numismatic Guaranty Corporation have shown exponential spikes in value because many new investors have entered the market in search of a less volatile alternative to gold and silver bullion investing. Some coins that were worth $500 back in 2001 are now worth over $2000 as spot prices and numismatic value increased side by side. If you’re looking to begin a diversification into numismatic coinages, always make sure that you track rare coin projections along with gold and silver spot prices in order to potentially determine the value of your coins in both the short-term and long-term perspectives.
By around 3:45 PM Eastern Standard Time, investors are noticing minor gains with investment-grade rare coins certified by both PCGS and NGC as the gold spot price jumps to $936.60 per ounce while the silver spot price jumps to $14.29 per ounce.
Shawn Penny
Senior Staff Writer - Rare-Coin.org
