Daily Rare Coin Update
May 13, 2009 – Several investment grade rare coins are increasing in value on the PCGS Price Guide that shows the retail prices of the most popular rare coinages. The overall physical possession investment demand for rare coins has been quite impressive in the past few years because investors are finally catching onto the trend of long-term wealth preservation assets. Many of these coins have shown powerful profit and preservation potential when held over a three-year period, and this is why investors who seek an ideal long-term wealth preservation tool are turning to them. Back in 2001, I had recommended coins like the $20 Saint-Gaudens to several investors who wanted to protect the hard-earned wealth from uncertainties that lay ahead for the United States economy, and fortunately my recommendation has made them more than 300% on their initial investment, a significant difference than if they would have been diversified into stocks that have fallen between 30% and 50% since then. It’s not too late to begin the proper safe haven diversification into certified metals, and it’s very important that investors seize the opportunity before the economy gets out of hand.
By around 2:40 PM Eastern Standard Time, many of the most popular investment grade rare coins are showing moderate gains for the day based on slightly higher spot prices that are increasing due to weakness with equities at the moment. The current gold spot price sits at $926.70 per ounce, increasing $3.60 for the day while the current silver spot price sits at $14 per ounce, decreasing $.22 for the day.
Shawn Penny
Senior Staff Writer – Rare-Coin.org
