Wow! Gold is now trading at $1,245 and many analyst  are calling for $1,500 in the near future.

Back in December 2009, when gold last traded above $1,200, Common date gold coins had done very well.  However, after gold’s pullback to around $1,065 or so in early February, Many common date coins also pulled back.  The great thing about older US coins, is they lag behind the price of gold as far as when they respond to spot gold prices.

So as we are seeing record numbers for Gold bullion, generic coins are still a good ways behind.  But they are rapidly catching up and it will not be long before they reach and then pass their Dec 2009 levels.

I have recently researched prices for certain common date older US coins in search for any great opportunities to buy behind gold’s recent charge upward.  I have compared prices from Dec 2009 to today and would like to share with you what I have discovered;

All of the MS61 thru MS66 $20 Liberty’s and $20 St. Gaudens are undervalued!

$20 St. Gaudens

Grade.             Dec. 2009 $                   May 12^th  2010 $           % undervalued

MS61                     $1,943                                   $1,857                                   4.8

MS62                     $2,106                                   $1,974                                   6.7

MS63                     $2,298                                   $2,130                                   7.9

MS64                     $2,604                                   $2,250                                   15.7

MS65                     $3,222                                   $2,592                                   24.3

MS66                     $4,350                                   $4,050                                   7.4

 

$20 Liberty’s

Grade            Dec. 2009                        May 12^TH 2010 $            % undervalued

MS61                     $2,070                                   $1,968                                   5.2

MS62                     $2,280                                   $2,064                                   10.5

MS63                     $3,228                                   $2,736                                   17.9

MS64                     $4,236                                   $3,372                                   25.6

MS65                     $6,540                                   $5,160                                   26.7

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