Short-term bullion investors must remain vigilant over the ever-fluctuating spot gold price in order to benefit from gains that could be made by sudden price leaps, while long-term investors in rare gold coins needn’t be as immediately concerned. There are a great many individuals who are immediately concerned about protecting their wealth throughout a long-term economic recession/depression (call it what you will), and these pragmatic investors are purchasing rare gold coins like Double Eagles, which are proven, hard, safe haven assets. Double Eagles are rare, $20 Lady Liberty, and $20 Saint Gaudens, 22-karat gold coins, and their numismatic value far surpasses that of their generous precious metal content (.9675 troy-ounces of pure gold).
Unlike bullion coins whose prices hover just above the spot gold price (which represents the cost of one troy-ounce of pure gold), Double Eagle coins command very high premiums. Certified rare gold coins carry official “mint state grades” which determines each coin’s numismatic value, and naturally, higher mint state grades correspond with higher Double Eagle premiums. Since numismatic value generally appreciates over time, investors generally hold their rare gold coin investments for at least fourteen months. To avoid prematurely liquidating their rare $20 Liberty, and Saint Gaudens coins, investors typically diversify with bullion coins like American Eagles, whose prices hover slightly above the current spot gold price. Investors are encouraged to complete their research, and then to contact one of our friendly specialists, who offer institutional discounts on these, and many other bullion, and rare gold coins.
Vic Fox
Tags: Gold Spot Price, Spot Gold Price
