Daily Rare Coin Update
December 17, 2009 – Few rare coin buyers are merely seeking to complete a set or locate a specialty piece in today’s economy, and our underperforming financial markets have even forced some coin collectors to hock their holdings to stay above water. The vast majority of individuals who buy rare coins in today’s market are not likely doing so with their “collector hat” on. The rare coin market has been driven by long-term gold and silver investors since 2001, and this shrewd group of investors that foresaw the downturn of the US economy isn’t likely to relinquish its’ rarities back onto the market anytime in the near future.
In these investors’ minds, the United States is heading for a long-term inflationary cycle in which the dollar could possibly become obsolete. If this were to happen, or if economists are correct and we begin the “Greater Depression” in 2010, investors who buy rare coins for safety and wealth preservation could be able to protect their buying power.
Stocks, bonds, and cash accounts have diminished without relent during our current recession, and the outstanding performance of US sock indexes in the last few months has been attributed to by most economists as the offspring of government stimuli and false consumer confidence. If we are on the cusp of a double or triple-dip recession, these gains that have been seen recently could be pared in no time.
There is no sure-fire way to tell what will happen with our economy in the next minute let alone the next year, so select investors have decided to buy rare coins that are widely-traded to privatize their wealth and protect their liquidity.
If you want to sell or buy rare coins that have been certified as being in “Uncirculated Mint State” condition by either the Professional Coin Grading Service (www.PCGS.com) or the Numismatic Guaranty Corporation (www.NGCCoin.com), contact Rare-Coin.org today to get the information you need.
Shawn Penny
Senior Staff Writer - Rare-Coin.org
