Daily Rare Coin Update
July 15, 2009 – The value of rare coins in the investment-grade, widely traded varieties has seen a moderate jump today as many investors are now flocking to gold and silver as opposed to dollar-backed assets due to significant weakness with the United States Dollar Index in both the short-term and long-term perspectives. The dollar has hit a monthly low while both gold and silver have hit weekly highs with no signs of stopping in sight as speculation begins to emerge about further weakness with the fiat currency. Several market analysts are predicting that the value of rare coins could continue climbing in the short-term as American investors further worry about the future of investing markets. The current gold spot price sits at $939.10 per ounce while the current silver spot price sits at $13.26 per ounce.
One of the best ways to determine the value of rare coins is by simply checking the online price guides of the two most reputable rare coin certification companies in the United States; the Professional Coin Grading Service (www.pcgs.com) and the Numismatic Guaranty Corporation (www.ngccoin.com). Always remember that these price guides display retail prices, meaning that you could pay considerably less for your coins if you work directly with a gold and silver dealer that gives household and institutional discounts. If you seek further information on the exquisite market of rare coins, feel free to browse this website or visit one of the nation’s leading precious metal dealers, the Certified Gold Exchange at (www.certifiedgoldexchange.com).
Shawn Penny
Senior Staff Writer - Rare-Coin.org
