Daily Rare Coin Update
June 16, 2009 – Rare gold coin prices can vary greatly depending on the type of coin, rarity and condition. When purchasing rare coins for investment purposes, it’s very important that you diversify only into the common dated, widely traded coins because they hold a significantly lower premium than a much rarer coin. For example, you could purchase a common dated, widely traded $20 Lady Liberty for around $2000 per coin, yet a much rarer $20 Lady Liberty with higher numismatic value could be worth more than $200,000 because they are highly valued by collectors and collectors only. It is not recommend that investors purchase these very expensive coins because they are much more volatile than the widely traded, investment-grade coinages. Rare gold coin prices can be tracked through a variety of different resources, yet I typically only recommend the PCGS or NGC Price Guides because they show updated retail values on all of their most popular products. If you seek further information on investing or collecting, feel free to browse the website in order to gain quality insiders tips and tricks that could help you maximize your purchase.
By around 4:20 PM Eastern Standard Time, investment-grade rare gold coin prices seem to be remaining flat today as a direct result of stale movement with gold and silver spot prices. Currently, the gold spot price is sitting at $927.90 per ounce, decreasing $10.40 for the trading day while the silver spot price is sitting at $14.05 per ounce, decreasing $.78 for the trading day.
Shawn Penny
Senior Staff Writer - Rare-Coin.org
