Daily Rare Coin Update
December 11, 2009 – Before you contact a rare coin exchange to speak verbally with a rare coin broker, take a little time to fully understand your investment goals and plans. If you do not know where you want to go with your rare coin investment or what strategy you plan to implement with rare coins, how can someone who just started speaking with you help you at all?
First of all, rare gold and silver coins could lose value if spot values decline, even though precious metals are considered safe-haven assets during stressful fiscal periods for our nation.
Investors purchase rare coins that are relatively common, and they leave the obscure dates and pieces for the collector demographic. It may not be wise to consider a rare coin investment if you plan on a holding period of 14 months or less, because rare coins tend to have a higher cost association than bullion products.
However, rare coins have shown a historical tendency to outperform their bullion counterparts once the break-even point is reached. If you plan on holding your coins long-term and you appreciate the absolute privacy of a rare coin investment, then contact a rare coin exchange near you or trade with one of our nation’s large-volume gold exchanges for discounted pricing.
Visit www.PCGS.com to see population reports and live retail prices for the most popular investment-grade coins, or contact Rare-Coin.org for more information on top-performing coins such as the $20 Lady Liberty gold coin, the $20 Saint Gaudens gold coin, and the Peace Silver Dollar.
Shawn Penny
Senior Staff Writer - Rare-Coin.org
