Get Your Rare Coin Values Directly From Rare-Coin.org
November 17, 2009 – Rare coin values have increased lately, and they are being led right now by the booming gold spot price. The Professional Coin Grading Service (PCGS) has not updated their price guide in the last two weeks, so the gold spot price’s rise to $1144 has not yet reflected the rising national average retail prices of rare coins. Register today for obligation-free, live quotes on bullion and rare coin values.
Our nation’s worsening financial situation has created a precious metal buying frenzy over the last few years, and many precious metal investors have spilled into the rare coin market. As a general rule, investors who take a 1-14 month position in the gold market utilize bullion bars and coins.
Bullion could be a better fit for short-term investors right now because the low premiums could allow for quick profits to be seen if the Commodities Exchange (COMEX) gold price continues to spike. Bullion is not advisable for long-term investors because the minute fluctuations of the gold spot price keep bullion from consistently moving forward.
Additionally, bullion could be confiscated by the US government if the dollar’s value wanes further. Historically, our government seized bullion from its citizens to pay down national debt and strengthen the greenback. Long-term investors may do better financially with certified rare coins, because these coins track the trend of the gold spot price.
Certified rare coins have been deemed to be non-confiscatable assets by our government’s own rules, so another bullion confiscation would most likely not include a recall of historical rarities meant for private collectors. To learn more about the historic bullion recall, contact us directly for your free copy of our Insider’s Guide To Gold Investing.
Shawn Penny
Senior Staff Writer - Rare-Coin.org
