Certified Coin Prices Rise Due to Heavy Buying Posted by Brian Ford on June 17, 2013
Buyers of certified gold coins wasted no time in taking advantage of the lower gold spot price to buy heavily into the certified coin market. The Professional Coin Grading Service (www.PCGS.com) price guide shows growth in many certified gold coins despite the fact that the gold spot price fell by $8.20 to $1378.90.
A quick look at the PCGS price guide reveals that that many of the most common investment-grade gold coins gained value over the weekend. For example, common-date St. Gaudens gold coins in the MS62-MS-65 range were up $5 each. While certified coins often move by $15-$25 at a time, investors were no doubt pleased with the minimal gain since the gold bullion price was down by more than $8.
Liberty Head $20 pieces have not yet been updated on PCGS.com but analysts expect the next update to show a $5-$15 per coin increase, depending on grade. Fractional pre-1933 certified gold coins such as Indian $5 pieces and Lady Liberty $10 pieces, as well as the rare and popular $3 Stella gold coin, also gained traction pricewise with this latest update.
Contrary to gold bullion coins whose values fluctuate exclusively and immediately based on the gold spot price, certified gold coins move with the general trend of gold and official price changes often occur days or even weeks after gold has fallen or risen in a substantial manner. For regular updates on the certified gold coin market visit the Certified Gold Exchange Daily Market Update every Monday, Wednesday and Friday and don’t forget to request your free copy of our new 2015 gold investing guide.