Daily Gold Coin Market Update
June 29, 2009 – When it comes to investing in gold, several investors choose to diversify with modern-day bullion coins while other investors choose to diversify with certified coin investments. Many gold investors who purchased modern-day bullion coins do not know about the long-term potential of certified coin investments, and today I would like to point out a few important advantages that have made certified coins a wise long-term wealth preservation strategy to many. Certified coin investments refer to investment-grade rare coins such as the $20 Saint Gaudens, $20 Lady Liberty and $10 Indian Heads. Unlike modern-day bullion coins, these rare coins hold a higher premium above the spot price of gold due to their numismatic value, yet many investors choose to pay this higher premium because the coins have proven more long-term profit and wealth preservation potential when compared to bullion that is more commonly seen as a short-term profit-taking tool. If you’re looking to begin certified coin investments, it’s important that you understand how Mint State Grading works. The Mint State Grading is a special number that represents the condition of a rare coin, and it is assigned by reputable third-party certification agencies such as the Professional Coin Grading Service or the Numismatic Guaranty Corporation. It is only recommended that investors purchase coins between the Mint State Grading of MS-61 and MS-66 because MS-67 through MS-70 coins are significantly more expensive and usually only sought after by collectors.
By around 4:15 PM Eastern Standard Time, gold investment demand is slowly decreasing as the spot price of the metal takes a small step backwards based on uncertainty about the future of investing markets, still the metal sits at $937.50 per ounce, down $1.50 for the day, and up $10.70 in the last year.
Arthur McGuire
Senior Staff Writer - Gold-Coin.com
