Daily Gold Coin Update
June 18, 2009 – When looking for the best gold coin prices, it’s always important that you fully understand the precious metal market because there are many different variables that can affect the price that you pay for your investment, such as the type of coin, its rarity, condition and weight. Once you know exactly the type of product that you want to purchase, be it modern-day bullion coins or pre-1933 certified rare coins, then your next step is to find the ideal product for your investment portfolio, that way when you do find the best gold coin prices they apply to your goals and needs in particular. As far as finding the best gold coin prices is concerned, I recommend that you deal with large nationwide gold exchanges because their prices tend to be significantly lower than local dealers and pawnshops. Price shopping is also very important because even the large nationwide exchanges can sometimes add high premiums on products depending on their integrity and price spreads. Also, try to stay away from companies that have heavy television and radio advertising because I’ve seen that the majority of these companies pass the media costs onto their clients through huge premiums.
By around 1 PM Eastern Standard Time, gold bullion coins are decreasing in value while the majority of investment-grade rare coins like the $20 Saint Gaudens are still holding on strong to their value despite the recent spot price tumble that has brought the metal down to $934.30 per ounce, decreasing $4.50 for the day, yet still increasing $52.20 in the last year. Short-term market forecasts are saying that the spot price could rebound and potentially climb to around $950 per ounce by next week.
Arthur McGuire
Senior Staff Writer - Gold-Coin.com
