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With gold prices up sharply the last few months to around $550, it is no surprise that rare date gold coin prices are also on the rise. While gold bullion prices have no direct impact the price of rare gold, it does encourage the demand for anything made of gold. |
Combined with a fifteen year price stagnation of rare gold coins, strong bullion prices have provided a catalyst for price increases in rare gold. Rare gold falls into two main categories: date rarity and |
By virtually any objective measure, and despite the negative spin by major news outlets, the US economy is strong and growth is powerful. This is outstanding for a collector driven market. Low unemployment and rising individual income means collectors have more cash for coin purchases. With the Fed signaling the end of interest rate hikes, economic growth near 4%, an active, incrementally rising stock market, strong gold bullion prices, an increasingly stable dollar, and a flattening real estate market, coin buyers have little incentive to divert their dollars to other areas. One of the most salient additional factors is the surging economic growth in other parts of the world, specifically in China and India, both of which are now experiencing double digit economic growth. As more wealth |
Following the massive success of the state quarter program, President Bush late last year signed into law a bill mandating the minting of Presidential dollars. Starting in 2007, the Mint will produce four Presidential dollars per year, starting with George Washington, and continuing to the present, excluding living |
ex-presidents. This program will therefore be active at least through 2018. Along with the presidential dollars in both silver and circulating base metal, the Mint will produce gold coins of the corresponding First Ladies. Just as the state quarter program |
PRESIDENTAL DOLLAR Program Signed into Law
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Rare Coins and the Economy
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Gold Rarities Sizzle as Gold Price Climbs |
My Book Just Got E-Published! See it on line at www.BalanceTransferMagic.com Story on Page 3 |