Daily Rare Coin Update
February 6, 2009 – Rare coin prices have increased in value today despite gold decreasing in value due to the fact that more investors are considering their historically more profitable potential over the normal bullion bars and coins such as the American Eagle and the Chinese Panda. The rare coin market in general is not very populated, which is why even a few investors can bring some solid increases in pricing because of their significantly lower supply. The recent economic troubles are driving investors to purchase pretty much any precious metal they can including bullion bars and coins, certified coinages and exchange traded funds, thus increasing their value as well as rare coin prices. Soon we will see the $819 billion stimulus plan get injected into our ailing economy and it could be the determining factor as to whether we enter another Great Depression or not. Many banks and financial decisions as well as the Certified Gold Exchange feel that this may be one of the best times to own precious metals especially with the financial instability that is occurring with mainstream investments.
Today we’re seeing the midday gold spot price at around $912.80 per ounce and silver at around $13.15 per ounce. The rare coin prices are really not being affected by the daily market spot price today because of the increased amount of investors turning to them for their powerful attributes. Projections also continue to look great and even the more speculative ones could become a reality if this economic recession deepens any more. Invest well and have an excellent day.
Arthur McGuire
Senior Staff Writer – Rare-Coin.org
