Gold prices are down on Wednesday morning. Investors in precious metals have temporarily halted trading activities, anticipating crucial economic reports from the United States, including the Federal Open Market Committee (FOMC) minutes set for release this afternoon and inflation data scheduled for Thursday and Friday. The price of gold is trading at $2607.29, down $14.54. The price of silver is trading at $30.36, down 31 cents.
USAGOLD introduced of an unprecedented offer for pre-1900 $20 Liberty gold coins in MS63 condition. This is limited opportunity to acquire 1898-S and 1899 dated coins at just 16.5% over spot gold, matching premiums typically associated with more common dates. Population reports indicate that these pre-1900 dates are 10-20 times rarer than their common counterparts, with only 10,990 and 14,566 coins graded MS63 for the 1898-S and 1899 respectively, compared to over 160,000 for the 1904 Liberty and 230,000 for the 1924 St. Gaudens.
The offer’s limited availability of just 25 coins per date suggests that current prices may not accurately reflect the true scarcity of these pieces. This offer could potentially lead to increased interest in pre-1900 $20 Liberty gold coins and could drive up premiums in the near future. See the chart below for the premium history of MS63 $20 Liberty gold coins.
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