Daily Rare Coin Update
May 4, 2009 – Rare gold coin prices for the more popular investment grade certified rare coins are increasing today as the bullion spot price breaches the $900 per ounce benchmark with hopes of reaching $950 per ounce or higher by the end of this rally. Rare gold coin prices fluctuate on a variety of different factors, such as the daily market spot price, condition and rarity. All of these factors attributed to the price that an investor or collector pays when they go to purchase a particular coin. The most highly recommended source for up-to-date prices is the PCGS Price Guide because the Professional Coin Grading Service is one of the most reputable third-party certification agencies in the world. They classify their coins using the Mint State grading system, which is an easy to understand method that categorizes coins by condition. Typically, most preservation-seeking investors purchase coins between MS-61 and MS-66.
By around 2:40 PM Eastern Standard Time, rare gold coin prices are on the rise yet again as physical possession safe haven demand is increasing significantly in the United States, and this is pushing the gold spot price up to $902.20 per ounce, an increase of $16.40 for the trading day while the silver spot price is up to $13.03 per ounce, an increase of $.53 for the trading day. These spot prices may continue to increase if the United States Dollar weakens any further and if the upcoming government bank stress tests are released much worse than expected.
Shawn Penny
Senior Staff Writer – Rare-Coin.org
