Daily Rare Coin Update
July 8, 2009 – Rare gold coin pricing refers to the price that an investor pays for investment grade rare coins such as the $20 Saint Gaudens or $20 Lady Liberties. There are two major factors that can affect this rare gold coin pricing, and below I have listed and briefly explained these factors because understanding them and utilizing them to your convenience could help you maximize investment potential down the road:
Rarity - The rarer and more exclusive that a coin is, the higher its price. Throughout history, many coins have come and gone, and the significantly rarer ones have truly become prized possession for collectors around the globe. As far as investing is concerned, wise investors typically do not purchase very rare coins, instead they stick to the common dated, widely traded gold coinages in order to prevent paying a massive premium for a product that is best reserved for collectors.
Condition - The better the condition of a coin, the higher its price. Rare coins are considered antiques, and since they are no longer in production, coinages that are in very good condition are very hard to come by. Reputable third-party certification agencies like the Professional Coin Grading Service and the Numismatic Guaranty Corporation assign a Mint State Grading to each and every rare coin that they certify in order to categorize them by condition. As far as investing is concerned, wise investors typically purchase coins between the Mint State Grading of MS-61 and MS-66 because these coinages have shown the highest profit and preservation ratios when compared to lower and higher quality coinages.
Feel free to browse this website for further information on rare gold coin pricing, and don’t forget to visit the website of the Professional Coin Grading Service (www.pcgs.com) or the Numismatic Guaranty Corporation (www.ngccoin.com) for up-to-date price charts.
Shawn Penny
Senior Staff Writer - Rare-Coin.org
