Certified Gold Prices Fall Slightly Posted by Brian Ford on May 22, 2013
Popular PCGS-certified gold coins fell slightly on Wednesday, according to the official PCGS price guide found at www.PCGS.com. The Professional Coin Grading Service lists the national average retail prices for thousands of coins, including pre-1935, U.S.-minted gold and silver coins.
While the majority of those coins are very rare and obscure, and trade for millions of dollars at auction, savvy investors have discovered and developed the trend of buying “investment-grade” rare coins. This allows coin owners to track the price of the underlying precious metal content of their coins, while at the same time they are afforded the opportunity to outperform gold bullion investments because of the inherent numismatic value of Mint State gold coins that are no longer produced.
Recent economic data such as non-farm payroll figures, the Consumer Sentiment Index and the speculation that the Federal Reserve could end its bond-buying program and increase base interest rates, has hindered gold’s ability to show how closely it moves again the currency it is printed in, in our case the U.S. Dollar. The gold price has fluctuated wildy over the last couple of months, but certified coins have held steady. Today, PCGS released new national average retail prices for investment-grade gold coins. Some of the most popular gold coins are now listed as follows:
- MS62 Saint Gaudens $20 Double Eagle $1895
- MS63 Lady Liberty $20 Double Eagle $2045
- MS64 Saint Gaudens $20 Double Eagle $2040
Keep in mind that as a large-volume discount dealer, Certified Gold Exchange always offers qualified clients substantial discounts off the PCGS Price Guide suggested retail price, with clients saving an average of three percent by contacting us directly at 800-300-0715 or via the links at the top and bottom of this page.