Daily Rare Coin Update
August 14, 2009 – Before the turn of the millennium, rare coin investments were quite rare because the majority of investors were diversified with more popular dollar backed assets that were thriving at the time, especially stocks, bonds and real estate. As the years went on, these dollar-backed assets began contracting side-by-side with our economy, thus several investors rapidly flocked away from riskier investments in exchange for rare coin investments that have thrived in the past few years. Between 2001 and 2008, several of the most popular investment-grade rare coin investments increased in value more than 300% while popular stock indexes contracted more than 30%. This type of bullish fluctuation with gold has attracted many new investors, and this comes as no surprise, especially since the metal could continue thriving down the road if inflation becomes a major problem in our economy.
The majority of rare coin investments are made with common, widely traded coinages like the $20 Saint Gaudens and the $20 Lady Liberty between the Mint State Gradings of MS-61 through MS-66. Most investors tend to stick with these coins because they do not hold high rarity premiums, which in turn makes them easier to purchase and sell on the open market. It’s a lot easier to sell a $2000 coin as opposed to a $2,000,000 coin. If you would like to learn more about this diverse and elaborate market, feel free to browse this website or visit other highly reputable investing websites like www.Gold-Investment.info, www.pcgs.com and www.ngccoin.com.
Shawn Penny
Senior Staff Writer - Rare-Coin.org
