$20.Lady.Liberty.Coins
Posted by Adam King on May 11, 2009
Down Days…
May 11, 2009 – Today is certainly an odd day for gold, the United States Dollar and mainstream financial markets because the majority of them seem to be at a decline for the trading session. Fortunately, several of the investment-grade certified rare coins like the $20 Lady Liberty coins are holding on strong to their value despite this chaotic market fluctuation. The $20 Lady Liberty coins can be considered one of the original versions of the modern-day bullion American Eagles. They were originally called a Double Eagle because their value was twice the value of a standard $10 Eagle. Their production began during the era of the California Gold Rush due to the high abundance of the metal, and production ended in 1907 once the $20 Saint-Gaudens was released in order to replace the visually less appealing $20 Lady Liberty coins. Nowadays, these Lady Liberties come certified by reputable agencies like the Professional Coin Grading Service, which basically determines the condition and rarity of a particular coin.
During the midday trading hours, the daily market spot price of gold seems to be experiencing some small downward movement which is based on the strong resistance level of $915 per ounce, and the metal is currently trading at $910.80 per ounce, down $5.40 or .59% for the trading day yet still up $30 or 3.41% in the last 30 trading days. Short-term market projections are saying that the metal has hit a bottom and is currently on its way up, possibly receiving the momentum to surpass the $1000 per ounce benchmark.
Arthur McGuire
Senior Staff Writer – Certified Gold Exchange
Categories:
US Gold Market
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