Daily Rare Coin Update
June 15, 2009 – Today’s numismatic prices are showing some interesting fluctuation, and it appears that rare gold coins are moving in mixed directions, with several of the lower grade coinages decreasing in value while several of the higher grade coinages are increasing in value. As you may already know, rare gold coins are individually classified by their Mint State Grading, which is the numismatic term for condition. Mint State Grading can range from a variety of different numbers, yet investors typically tend to stick to MS61-MS66 coins because they have shown the most potential as an investment. Today it appears that investment-grade MS61 and MS62 coinages are moving in the downward direction while MS63-MS66 coinages are moving in the upward direction. It’s very important that you understand how Mint State Grading works because it can really affect the overall potential of your rare coin investment. This being said, it’s always recommend that you work hand-in-hand with a market expert before beginning a diversification in order to potentially maximize the overall strength of your investment.
By around 4 PM Eastern Standard Time, rare gold coins continue heading in their own individual directions as precious metal spot prices fall based on a stronger United States Dollar. Gold is currently trading at $938.20 per ounce, dropping $16.30 for the day while silver is currently trading at $14.81 per ounce, dropping $.57 for the day. Several market analysts are expecting higher spot prices by next week if the dollar began showing signs of weakness after today’s G-8 meeting in Italy.
Shawn Penny
Senior Staff Writer - Rare-Coin.org
