Daily Rare Coin Market Update
July 7, 2009 – US rare coin prices continue showing impressive resistance to market volatility today, especially since gold and silver spot prices have tumbled significantly within the past few weeks while several investment-grade rare coins have held on strong to their value despite the volatile fluctuation that has been experienced with modern-day bullion bars and coins. Since the beginning of 2001, US rare coin prices have proven their ability to withstand sudden market fluctuation, thus making them ideal for investors who seek a wealth preservation investment. As you may already know, US rare coin prices can vary depending on rarity and condition, and that is why it is only recommended that you purchase the common dated, widely traded coins (MS-61 through MS-66) in order to prevent overpaying for a significantly rarer coin that is best reserved for collectors, not investors. This being said, it is always best that you work directly with a numismatic market expert, that way you get insider’s information and strategies that could help you maximize your investment potential down the road.
By around 4:45 PM Eastern Standard Time, most common dated, widely traded US rare coin prices are remaining flat as precious metals continue to tumble for the third consecutive trading session. Gold is currently sitting at $924.20 per ounce, falling $.70 for the trading day while silver is currently sitting at $13.11 per ounce, falling $.14 for the trading day. The latest short-term market projections are expecting spot prices to pick up after the upcoming G-8 meeting as a result of growing speculation about weakness with the United States Dollar.
Shawn Penny
Senior Staff Writer - Rare-Coin.org
