Daily Rare Coin Update
February 24, 2009 – Many investors love to invest in certified rare coins for a variety of reasons, but the fact that United States rare coin prices have the ability to maintain value when their gold content is decreasing in value may just be one of their favorites. Gold investors for example, saw the metal reach an 11-month high of $1007.70 last week and this week’s prices are falling due to so many investors wanting to profit from that spike in price. Luckily for certified coin investors, many United States rare coin prices are holding on strong as they usually do during the sell-off period that precious metals may experience. It’s important to invest in the coinages that have a history of being used as investment grade rare coins instead of a high-priced rarity because there is little less risk when buying and selling them.
Today many rare coin investors can sit back knowing that their hard-earned wealth is still there, despite the gold spot price falling $23 or 2.32% to around $968.70 per ounce while the silver spot price falls $.46 to around $13.95 per ounce. A few of these investment grade certified coins such as the $20 Saint Gaudens and $20 Lady Liberty in certain Mint State Gradings have even increased in value, proving that United States rare coin prices can fluctuate on their own given the appropriate market conditions. I wish you the best of luck when investing in precious metals and rare coinages.
Arthur McGuire
Senior Staff Writer – Rare-Coin.org
