Daily Rare Coin Update
May 1, 2009 – Several of the investment-grade rare gold coins are losing value today after consistent losses in the daily market spot price of the metal, still market analysts believe that a powerful rebound is imminent due to weak sustainability with the United States Dollar and global stock indexes. Rare gold coins are increasing in popularity throughout American investment portfolios because several of them cannot be confiscated by the United States Government, plus they also have a historical tendency to increase in value faster than modern-day bullion products when held over a period of three years or more. Since 2001, I have seen investors benefit greatly by owning these rare gold coins, and the most popular seem to be the $20 Saint-Gaudens and the less expensive $10 Indian Heads. These coins come certified by either the Professional Coin Grading Service or the Numismatic Guaranty Corporation, which guarantees their condition, rarity and authenticity. Plus, since they come sonically sealed in a tamperproof container, they are highly resistant to wear and tear.
By around 3 PM Eastern Standard Time, the majority of the most popular investment-grade certified rare coins are showing small losses because the gold spot price has fallen to $885.50 per ounce, losing $.40 for the trading session while the silver spot price has increased to $12.46, gaining nine cents for the trading session. May has been expected to be a good month for precious metal spot prices because several market analysts are expecting a weakening United States Dollar along with a slump in global equities.
Shawn Penny
Senior Staff Writer – Rare-Coin.org
