Daily Rare Coin Update
May 12, 2009 – Rare coin investments are becoming more popular with American investors because several investment grade certified rare coins hold certain advantages that cannot be obtained with modern-day bullion bars and coins. The most popular certified rare coin investments have proven to be the two varieties of Double Eagle coins, those being the $20 Saint-Gaudens and the $20 Lady Liberties. Many investors prefer these two coins because their long-term profit and reservation potential outweighs the majority of other rare coins, and sometimes even bullion products. The Certified Gold Exchange always recommends that investors do their due diligence before entering the rare coin trading market because there are several different factors that should be taken into consideration before making a purchase. Some of these factors include a coin’s rarity and condition, which is commonly referred to as the Mint State grading. A proper diversification into the appropriate coinage could be a significant hedge from inflation and other negative economic effects such as a gold bullion confiscation that may occur if the United States economy gets progressively worse.
By around 3 PM Eastern Standard Time, several rare coin investments in the popular Mint State grading varieties are increasing in value after seeing moderate gains last week, and the gold spot price is currently trading at around $923.10 per ounce, increasing $9.80 for the day while the silver spot price is currently trading at around $14.01 per ounce, increasing $.27 for the day. Spot prices may continue increasing throughout the week if the United States Dollar and equities continue declining, so keep a close eye on those external economic factors in order to potentially maximize investment potential with rare coins.
Shawn Penny
Senior Staff Writer – Rare-Coin.org
