Daily Rare Coin Update
December 10, 2009 - Today’s numismatic coin values fluctuated in an interesting direction today, because the dollar strengthened slightly but safe-haven demand kept rare gold coin prices from falling. Some of the popular investment-grade coins even gained some value, but many of the rarest gold coins have remained flat because investors have been driving the market instead of collectors right now. Traditionally, rare coins are reserved for collectors who seek the most obscure pieces, but investors raid the rare coin market for wealth preservation in financially distressing times like the ones we are currently living in.
Investors do not go after the same coins that collectors do, but collectors tend to abandon their rare coins to build up their cash reserves during recessionary periods. Investors target “Uncirculated Mint State” coins that are in the MS61-MS66 grading range, because these coins have historically been the most profitable investment-grade coins for holding periods of 14 months or longer. To get the most out of your rare gold coin purchase, work closely with a gold market expert before beginning your diversification in order to fortify the overall strength of your portfolio.
By 6pm EST, the top-performing investment-grade gold coins listed on www.PCGS.com show an average 11.8% gain in the last 30 days, despite the gold spot price’s pullback earlier this week. Gold is currently trading at $1131.80 per ounce, which is an increase of $2.40 for the trading session. You can register for live rare coin price updates below, and you can also receive a copy of the 2010 Insider’s Guide to Rare Gold Coin Prices.
Shawn Penny
Senior Staff Writer - Rare-Coin.org
