Daily Rare Coin Update
June 24, 2009 – When it comes to investing in rare coins, no other product has given investors the historically stable wealth preservation and profit potential of the popular Saint Gaudens coins. Originally minted between 1907 in 1933, the Saint Gaudens coins were a revolutionary coinage in the United States because President Theodore Roosevelt created them with hopes of beautifying American currency. Sure enough, he hired the famous sculptor Augustus Saint Gaudens to create these masterpieces, and they have become one of the most popular designs ever. The beauty of the Saint-Gaudens coins was so appealing, that the United States Treasury decided to replicate their design on the modern-day bullion American Eagles. If you’re looking to begin investing with Saint Gaudens coins, it is highly recommended that you work hand-in-hand with a rare coin expert because there are many different factors that could affect the overall strength of your investment, such as Mint State Grading and rarity.
By around 3:45 PM Eastern Standard Time, it appears that the majority of investment-grade rare coins are not showing very much movement today as spot prices are only showing minor increases because of the recent instability with mainstream investment markets. The gold spot price is trading at $925.10 per ounce while the silver spot price is trading at $13.81 per ounce. The latest short-term spot price forecasts are expecting gold and silver to continue increasing in value as investors shift away from dollar-backed assets in exchange for physical possession safe haven precious metals.
Shawn Penny
Senior Staff Writer - Rare-Coin.org
