Certified Coin Market Posted by James Randolph on December 23, 2009
The certified coin market includes gold bullion coins such as the recently minted, very beautiful, American Gold Eagle and the 2009 issue of the double eagle gold coin based on the original Saint Gaudens design. The certified coin market also includes collectable American double eagles, minted from 1877 to 1907 and the 1907 to 1933 Saint Gaudens design American double eagle gold coin.
The difference between the newly minted coins and the old is that new are essentially vehicles for buying gold bullion. Their value is based upon their gold content as there is no scarcity of supply. On the other hand old gold coins have a collector value above their gold content.
In the certified coin market what matters for new gold coins is that they are authentic and gold. On the other hand a pre 1933 gold coin, even in used condition, has added value. How much added value it has depends on how rare the coin is and what is its condition. Whereas a coin such as a 1926 Saint Gaudens double eagle in fairly good condition but still worn may command a premium of roughly double its price as bullion the same coin in exceptional, mint, condition may be worth as much as $30,000. Rarer double eagles such as a 1927-D in exceptionally good condition may command over $2,000,000.
In the certified coin market, with a reputable dealer such as the Certified Gold Exchange, a rare coin is professionally graded in order to definitively determine its price based upon rarity and exact preservation standards. A professionally graded and certified gold coin in the certified coin market is fairly priced based upon exacting criteria. Such an investment has a known value, which can be known by consulting standard coin references, and which can far outdistance its value as bullion.
Senior Staff Writer – Certified Gold Exchange