Certified coin prices depend on three factors: the current gold spot price, the rarity of the coin, and the condition — or grade — of the coin.
The gold spot price, which is the primary indicator of trade on the futures exchange, determines the melt value of certified coins. Futures trading is speculative; so, the spot price tends to be very volatile. However, due to certain other factors, certified coin prices tend to track only long-term trends in the spot price.
The grade of a coin is a measure of its current condition relative to its condition when first struck. Coin grades are grouped into general classes, the highest of which is Mint/Proof State (MS/PR). Within this class are eleven grades, MS/PR-60 to MS/PR-70, the highest grade being reserved for those few coins that are "as struck with full strike."
Rarity determines demand. There is a finite supply of each certified coin; as grades go higher, supply decreases, thus driving up demand. The rarity premium placed on the most sought after certified coins can be many times the value of their gold content.
There is no scarcity of scammers in this market, making it difficult, if not impossible, for the layman to determine a fair price for certified coins. Fortunately, the non-commissioned certified gold experts at Certified Gold Exchange are standing by to answer all of your questions and to help you choose the ideal products to diversify and fortify your investment portfolio. Call us today at 1-800-300-0715, or complete the form below for one or all of our award-winning guides