Certified Gold Prices Fall Yet Again
Posted by Brian Ford on June 12, 2013
Declines in the gold spot price earlier this week appear to have finally caught up with certified gold coins. Some of the certified gold coins listed on the Professional Coin Grading Service (www.PCGS.com) Price guide were substantially lower this morning than earlier in the week.
The gold spot price was near unchanged at 11am EST on Wednesday, but decreases earlier in the week were not reversed, thus causing certified gold prices to trend downward. Analysts have largely agreed that the rest of this week could see gold coin prices rising or falling, depending on a couple of factors.
The dollar’s strength (or lack thereof) will influence gold prices throughout the week, as will newly released economic reports that are due to come out Wednesday afternoon. Among those reports is the newest MBA mortgage applications survey, the weekly DOE energy stocks report, the monthly U.S. Treasury budget statement and the World Bank’s global economic prospects report.
Coins whose national average retail value fell substantially include the MS62 Saint Gaudens Double Eagle, which fell $35 from $1855 to $1820 in the common year varieties, as well as the MS62 Liberty Head $20 coin, which also fell $35, from $1840 to $1805. The majority of rare date $20 U.S. gold coins certified by PCGS maintained their previous prices when prices were most recently updated, and coins that lost value, both in rare and common dates, were mostly low grade (62 or lower) examples. Feel free to contact Certified Gold Exchange with questions about today’s update, and remember to visit again this Friday to discover how certified gold coin prices round out the week.
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Certified Gold Coin Prices, certified gold coins, Certified Gold Exchange News, Certified Gold Market, Certified Gold Prices
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