PCGS Gold Coins Gain on Investment Demand
Posted by Brian Ford on May 05, 2014
The Professional Coin Grading Service (PCGS) has updated its price guide and many investment-grade certified gold coins are now listed at substantially higher national average retail prices than they were last week. Some analysts had predicted that PCGS gold coins’ next move would be downward due to the better-than-expected U.S. unemployment report that was released last week, but CGE analyst Zachary Minter believes the way coin prices moved is a story unto itself.
“Collector coins, including rare date, mint error and specialty coins, gained slightly today thanks to the $9.30 rise in the gold price,” Minter said. “Investment-grade gold coins, however, experienced gains today that far exceeded those of their extremely rare counterparts. This shows demand for non-confiscatable gold in a time when many Americans are extremely concerned over oiur nation’s direction and what lawmakers might attempt to bring the United States back into the black financially.”
Higher-grade St. Gaudens gold coins and Lady Liberty Double Eagles remained at previous price levels, according to PCGS. Common-date, one-ounce gold coins in grades MS61-MS64 jumped from $25 per coin (MS64) to $40 per coin (MS62). Graded gold coins with MS61-MS63 ratings have made greater strides in recent months than have the more elite coins, as investors slowly shifted allegiance away from raw bullion and towards certified coins for profitability potential and privacy.
“Investors could begin to target higher-grade coins in the future if the price of gold reaches dramatic heights,” said Minter. “For the time being it looks like mid-range investment gold is where the most demand is, at least among U.S. household investors. As always, we encourage investors to visit Certified Gold Exchange or call us toll-free at 1-800-300-0715 for an obligation-free portfolio evaluation and a complimentary copy of CGE’s Real Money Magazine.”
Tags :
certified gold coins , double eagles , graded gold coins , lady liberty , pcgs , professional coin grading service , st. gaudens
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I had a very good experience with Certified Gold Exchange and I highly recommend anyone considering a IRA Rollover into precious metals, talk to David White at Certified and do business with them. They are honest and will have your best interest as their concern.. David took care of my needs completely with honest and fair pricing. I shopped around and decided on Certified.
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Certified Gold Exchange, Inc. is a highly professional firm that was a pleasure to do business with. It provides fast and accurate service. The firm went out of its way to be helpful on a number of key issues. I highly recommend them. I was extremely lucky for several reasons to have called the Certified Gold Exchange, Inc. when I was ready to sell my gold and silver coins. When I called the firm, Liam on the service desk explained that they scan hundreds of gold dealers to get me the best price. That was very comforting.When I spoke with coin dealer David White, he was able to give me a quote in 3.5 hours. He also explained the importance of shipping my coins via registered mail with the Post Office. David said that the Post Office requires a registered box to be sealed with brown paper tape to prevent tampering. David emailed me links to sites that showed the right tape to use and how to seal the box. He called several UPS stores in my neighborhood to try to find the tape for me. In the end, I bought the tape from the Post Office. David explained that while Fedex and UPS would ship the coins, since they are not allowed to ship gold or silver, I would have no recourse if my coins were lost. David even gave me his home number so I could reach him after hours if necessary.My experience with Certified Gold Exchange, Inc. stands in stark contrast with how two other coin brokers responded. The firm from which I had bought most of my silver coins never called me back. On November 13 when I called the broker from whom I had bought most of my gold coins, I couldn't get through on the phone. So, I emailed them and it took 5 days for them to respond! The broker didn't give me a quote until December 2 -- and then only for some of the coins! He said he would tell me what they would pay for the other coins after I shipped them!In addition, that broker explained that one of their customers had lost all their coins valued at $22,000 because the box was tampered with and they had failed to insure them for the full amount. However, I knew by then that if the firm had told the customer to ship the coins via registered mail as Certified Gold Exchange, Inc. does, the box could not have been tampered with.So, Certified Gold Exchange, Inc. is the only gold and silver dealer I recommend. The level of service is truly remarkable.
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