Certified Gold Prices Rise to Start Week
Posted by Brian Ford on July 01, 2013
Certified gold coin prices were up on Monday as household and institutional traders flocked backed to the certified coin market after weeks of cautiously watching from the sidelines. Some gold coin market analysts have cautioned that prices could slip in the short-term, but uncertainty over what prices may do in the coming weeks failed to deter a large percentage of investors. As gold rose $22 per ounce to $1258.70 to start this week’s first trading session, certified coin values sought to regain some of the luster that was seemingly lost during the course of the last month.
In reference to certified gold rarities (rare dates, error coins, coins with special mint marks and/or back stories, etc.) prices were largely unchanged due to a lack of national auctions and very few rare coin collectors buying or trading. One notable example is the 1908 St. Gaudens Matte Proof $20 coin, which decreased in value from $165,000 to $155,000 after a handful of the 70-75 coins known to exist went onto the market.
Common-date certified gold coins traded even with bullion, with pre-1933 one-ounce gold coins trading approximately $20-$25 higher each, and fractional coins such as the half-ounce $10 Liberty and the quarter-ounce $5 Indian Head traded accordingly. Certified Gold Exchange analysts have stated that prices could retreat as the historically slow-for-gold season of summer gets underway, but this morning’s buying frenzy made it clear that investors have not forgotten their portfolios simply due to hot weather and vacation time. Visit the Certified Gold Exchange Daily Market Update page later this week for a breakdown on prices of the most common certified gold coins.
Tags:
Certified Gold, certified gold coins, Certified Gold Investments, Certified Gold Market, Certified Gold Prices
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