Certified Gold Coin Prices
Posted by Adam King on November 09, 2009
November 9, 2009 – Certified gold coin prices have recently been updated on the Professional Coin Grading Service (PCGS) price guide at www.PCGS.com, and the gains made by these coins are especially appealing to investors who are considering gold coin diversification. The MS61 $20 Saint Gaudens coin is presently listed at $1800, which is a 2.3% increase from previous levels. The gold spot price’s recent series of spikes has caused certified gold coin prices to rise, because of their inherent precious metal content. The US dollar’s recent strengthening has prevented further numismatic appreciation of rare coins thus far, but most US economists are still calling for long-term inflation once the Federal Reserve starts to raise interest rates. The Fed has kept its key lending rate near record lows for an unprecedented amount if time, so these economists believe that Chairman Ben Bernanke will be forced to raise rates in the near future.
Some investors foresee inflation and higher prices in the near future, and these investors usually purchase gold bullion bars and modern-day coins. These items trade close to the gold spot price, so they are better for short-term gold investing. Investors who plan to hold their gold for a few years or more might consider certified gold coins, which have historically been more profitable than bullion over the long-term. These coins trade in the same direction as the gold spot price, but their numismatic value allows them to be classified as a private, “rare and unusual” coin. Contact the Certified Gold Exchange at 800-300-0715 to get the facts about the various types of investment-grade coinage.
Stewart Lawson
Senior Staff Writer – Certified Gold Exchange
Categories:
US Gold Market
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