Daily Rare Coin Update
July 13, 2009 – Growing instabilities with the United States Dollar and stock indexes has forced masses of wise Americans into safe haven assets, and today I would like to focus on what is being considered a “safe rare coin investment.” As you may already now, there really isn’t anything in this world that is “safe,” yet many modern-day investors are beginning to say that investing with certain certified rare coins can be considered a “safe rare coin investment.” Not every rare coin is ideal for investing purposes, and in the past few years myself and several experts have come to the realization that only common dated, widely traded coinages between the Mint State Gradings of MS-61 through MS-66 are best used for investments. Coins like the $20 Saint Gaudens and $20 Lady Liberty have proven their potential as a “safe rare coin investment” throughout the years because rarely have they decreased in value. Instead, many of them have been on an upward trend as safe haven demand around the globe has pushed the gold spot price up more than 300% in the past eight years.
When looking to begin a “safe rare coin investment,” it is very important that you fully analyze your investing goals and needs before making a diversification in order to find out whether or not the market is truly right for you. Next, you always want to make sure that you deal hand-in-hand with a rare coin expert because two heads are always better than one, especially in this elaborate market. Last but not least, track the value of your coins by using price guides such as the ones hosted by the Professional Coin Grading Service (www.pcgs.com) and the Numismatic Guaranty Corporation (www.ngccoin.com).
Shawn Penny
Senior Staff Writer - Rare-Coin.org
