See The Latest Rare Coin Price Increases At Rare-Coin.org
November 9, 2009 – Rare coin price gains were realized today after the gold spot price shot to $1112 earlier this afternoon. Rare gold coins generally trend in the same direction as gold bullion, but they tend to appreciate greater because of their inherent numismatic value. Investors and collectors can track the national average retail prices of rare coins at www.PCGS.com, which is the official website of the Professional Coin Grading Service. Although some major gold exchanges may have lower prices than those listed on the PCGS price guide, you should never pay more for a coin than its’ PCGS-listed price.
The most popular investment-grade coin among US investors is the MS64 $20 Saint Gaudens coin, which is currently listed at $2300. Another widely used investment-grade coin is the more affordable MS61 Lady Liberty coin, which is listed at $1765.
Certified coins like the Saint and the Liberty have become welcome additions for Americans’ portfolios, because the current recession has wiped out trillions of dollars in stock, real estate, and cash assets. Historically, a portfolio that contains 20-30% physical gold will be able to successfully ward off the negative effects of corporate debt, government intervention in the financial markets, and a devalued currency.
Rare coin price increases have been a regular occurrence since our lawmakers were granted their stimulus wishes, and US economists have called for higher gold prices throughout next year. If your portfolio has suffered substantial losses in the last three years and you feel vulnerable to further losses, get yourself a little protection with physical gold. Contact a reputable dealer who can fully elaborate on the different types of gold investments, or contact us directly at 800-300-0715.
Shawn Penny
Senior Staff Writer - Rare-Coin.org
