20 Saint Gaudens Coins Posted by James Randolph on June 19, 2009
The End Of A Hectic Week
June 19, 2009 – The United States Dollar is currently taking a significant step back today as wise American investors re-enter the gold market in order to preserve themselves from further losses, and today I would like to focus on the $20 Saint Gaudens coins that have become the most popular investment-grade rare coin certified by the Professional Coin Grading Service and the Numismatic Guaranty Corporation. The $20 Saint Gaudens coins are commonly used by investors who seek long-term wealth preservation because they have proven lower volatility than modern-day bullion coins like the American Eagles. Speaking of American Eagles, the $20 Saint Gaudens coins are the original American Eagle, and today’s modern day bullion Eagles are simply a replica of this numismatic masterpiece. Since the Saint Gaudens coins are rarities, they hold a higher premium than modern-day bullion coins, yet many investors gladly pay this premium for the added long-term wealth preservation and profit potential that these coins have shown in the past. If you seek to begin an investment in certified rare coins, it is always highly recommend that you fully research the market, that way you are fully informed when it comes time to make a diversification decision.
By around 2 PM Eastern Standard Time, the gold spot price has begun a small rebound, and it has without a doubt been a hectic week for the metal as it has fluctuated between losses and gains since early Monday. The spot price is currently sitting at $934 per ounce, up $1.70 for the day and also up $16.60 in the last month.
Senior Staff Writer – Certified Gold Exchange