Daily Rare Coin Update
May 26, 2009 – Rare core trading has become a popular alternative to bullion investing because certified investment-grade rare coins hold significant advantages over modern-day bullion products such as the American Eagles, Canadian Maple Leafs and South African Krugerrands. Some of the most popular certified rare coins are the $20 Saint-Gaudens and the $20 Lady Liberty because they have proven the most profit and preservation potential with a lower rarity premium than the more rare and unusual coins such as the $4 Stella. Rare coin trading was once seen as a speculative way to invest in precious metals because they were not commonly seen in investment portfolios, yet in the past few years their popularity has increased significantly as wise American investors began taking advantage of their profit and preservation potential along with non-confiscatability, which makes them fully private safe haven diversifications. More and more wise investors are beginning to turn to these coins as opposed to the modern day bullion bars and coins that are known to be more volatile because they trade closely with the daily market spot price of their respective metal.
By around 6 PM Eastern Standard Time, the rare coin trading market is remaining rather flat, yet several of the more commonly traded coins such as the $20 Saint-Gaudens are holding on to their value quite well despite the gold spot price taking a small step back to $952.10 per ounce, dropping $4.40 for the trading day while the silver spot price has also taken a small step back to $14.61 per ounce, dropping eight cents for the trading day.
Shawn Penny
Senior Staff Writer – Rare-Coin.org
