Daily Gold Eagle Update

August 10, 2009 – Investment-grade certified rare coins have truly shined in the past few years as more and more investors have turned to gold as their ultimate safe haven and store of wealth, and today I would like to focus on the most popular investment-grade coinages, the Double Eagles. The concept behind the Double Eagles began in the late 1840’s when the largest denomination coins in production were the $10 Eagles. As you may already know, the California Gold Rush created an abundance of gold in the United States, thus the Federal Reserve and Treasury decided to create the larger $20 Double Eagles. The lifespan of these coins spread from 1850 through 1933 and there were two completely different versions that were created within these years. Between 1850 and 1907, the $20 Lady Liberty coins were in circulation when they were replaced by the more visually appealing $20 Saint Gaudens that were in circulation until 1933.

When it comes to investing with Double Eagles, there are a few important factors that every investor should take into consideration in order to maximize their investment potential. First things first, rare coins typically thrive in investment portfolios that require long-term wealth preservation, thus if you seek short-term profit with gold, this may not be the ideal market for you. Second, always make sure that you fully research the exact coin that you seek in order to ensure that you are getting the best prices. Do this by researching reputable websites like www.Gold-Investment.info, www.pcgs.com and www.ngccoin.com. Once you have done this, contact a reputable wholesale dealer that could guide you on the path to a successful diversification. Do this by visiting reputable websites like www.CertifiedGoldExchange.com.

Daily Updates Archive

Joshua Harris

Senior Staff Writer - Gold-Eagle.org