Daily Rare Coin Market Update
August 21, 2009 – Rare gold coin pricing can fluctuate depending on a variety of different factors, and when investing in this exclusive market it’s very important that you understand these factors if you seek to maximize your profit and wealth preservation potential. The three most important factors that affect rare gold coin pricing are the spot price of gold, the Mint State Grading (condition) and the rarity of the coin. These three factors combined gives us the price that we pay when we make a purchase, give or take the dealer commission that could sometimes play an important role in pricing. In order to truly make the best out of your diversification with investment-grade rare coins, it is crucial that you enter the market at the right time, usually when the gold spot price is lower than usual in order to maximize investing effectiveness.
Tracking rare gold coin pricing is a lot easier than many investors think, and it usually involves visiting the online retail price guides of some of the leading rare coin assayers like the Professional Coin Grading Service (www.pcgs.com) and the Numismatic Guaranty Corporation (www.ngccoin.com). These price guides show updated prices on the most popular coinages ranging from the $20 Saint Gaudens to the $20 Lady Liberty and all the way to the $10 Indian Heads. Remember that these price guides only display retail prices, which basically means that you could pay less for your coins by dealing directly with a wholesale dealer like the Certified Gold Exchange (www.CertifiedGoldExchange.com) that offers some of the most competitive pricing available in the United States.
Shawn Penny
Senior Staff Writer - Rare-Coin.org
