Certified Gold Coin Auction In Long Beach Posted by James Randolph on January 28, 2010
The spot price of certified gold bullion is set by the gold markets of the world. The price of extremely rare certified gold coins is often set at auctions. The Long Beach Expo is one of the world’s largest coin shows; it takes place three times a year and the next show is February 4-6 of 2010. During the show, Heritage Numismatic Auctions, Inc. will hold rare coin auctions at 1 pm and 6 pm on both February 4 and 5. Results at this coin auction may well point the way to price increases in the certified gold coin market.
Although very rare and valuable certified gold coins are bought and sold privately the prices are often unknown. This makes auction results the source of updated pricing on very rare certified gold American coins. The investor can watch for the results of this auction to stay current on pricing in the certified rare gold coin market. The investor can also ask his certified gold exchange for help in evaluating and perhaps bidding on one or more items up for bid in rare coin auctions.
There is currently a lot of speculation as to how high the bidding will go on an 1849 C open wreath $1 gold piece. This coin is one for four known to exist of its kind. The last sale of one of these came in at $690,000 in 2004. The price for the current coin could soar above the 2004 total as prices for many rare coins continue to rise.
The point of watching auctions for most collectors and investors is to see what prices are doing. Gold bullion moves evenly throughout its price range because of continual bidding on the gold exchanges. This is impossible with rare coins which may number 100 or fewer. The best investments in rare gold coins may well be the “sleepers”; rare coins that get overlooked for years and then appreciate greatly in value, usually at auction. Dealing with a reputable certified gold exchange an investor can search out these “bargains” before their prices jump up at auction.
Senior Staff Writer – Certified Gold Exchange