The Professional Coin Grading Service (PCGS) has updated the current national average retail values of Saint Gaudens gold coins, and for the first time in weeks prices are up across the board. Sell-offs and economic data that was interpreted as positive for our nation have kept a cap on St. Gaudens gold coin prices recently but yesterday’s $9.80 rise in the gold price combined with an unexpected wave of investors converting gold bullion into rare gold coins to provide the St. Gaudens gold coin market with a boost that was much appreciated by current St. Gaudens gold coin investors.
Price increases were modest among the common-date, also known as “investment grade”, St. Gaudens with MS62 and MS63 examples gaining $10 each. MS64 St. Gaudens pieces moved up $10 in years 1908 (no motto) as well as years 1923-1928. Lower-grade Saints moved up an average of $10 per, while rare dates and special examples of the original American Eagle gold coin either moved up $10 per coin, or not at all.
Numismatics such as the St. Gaudens Double Eagle gold coin tend to grow in value when the price of the metal from which the coin is comprised rises, and the older the coins get the higher their numismatic value tends to be. PCGS gold coin investments move in an “ebb and flow” fashion and tend to track the long-term gold price trend, as opposed to gold bullion coins, the prices of which fluctuate constantly each trading day. For a fuller understanding of PCGS gold coins and the gold investing market in general call 1-800-300-0715 for a complimentary copy of The 2015 Guide to Certified Gold Coin Investing, produced and distributed exclusively by the official Certified Gold Exchange.