How did the Certified Gold Exchange corner the PCGS Gold Coin Market?
When the Certified Gold Exchange opened its doors in 1992, the PCGS gold coin market was relatively new. PCGS, also known as the Professional Coin Grading Service, had been grading gold coins for a few years, but PCGS gold coins were widely known as “collector” pieces; buying and selling PCGS gold coins for profit was a novel idea to investors, who were accustomed to trading gold derivatives, bullion bars, certificates and modern-day coins issued by governments and private mints.
The Certified Gold Exchange research team realized the vast potential of the untapped PCGS gold coin market, which it explained to its institutional clients using 3 simple points:
1. The Numismatic (Rarity) Value of PCGS Gold Coins - PCGS gold coins like Double Eagles, Eagles (not to be confused with American Eagle coins minted after 1986), Half Eagles and Indian Heads were last minted in 1933, and many individuals who own pre-1933 “Mint State” gold coins have stated that they will never part with those coins. In their view, these pieces of U.S. history are more important than exchanging gold for fiat paper money.
2. The Potential for Gold Coin Prices to Rise - In 1992, the gold spot price had been mostly flat since interest rates peaked in the 1980s. PCGS gold coin analysts working for the Certified Gold Exchange believed that falling interest rates could cause devaluation of U.S. currency - and they were right. Beginning in 2001, gold coin prices started to rise, and as of 2015, the gold spot price is more than 4 times higher than it was in 2001.
3. The Certified Gold Exchange’s Official PriceMatchPlus Guarantee - As a market maker for gold coin prices, the Certified Gold Exchange expected other gold coin dealers to follow suit, and promote PCGS gold coins. What set the Certified Gold Exchange apart was its industry-exclusive PCGS gold coin pricing guarantee - PriceMatchPlus.
Also Read: How to Sell Gold Coins Directly on the Official Certified Gold Exchange
The Certified Gold Exchange’s official PriceMatchPlus guarantee ensured that CGE’s non-commissioned brokers would not only match any reputable PCGS gold coin dealer’s price for the same PCGS gold coin, but that it would offer the investor an additional 1% discount, as well as free insurance and delivery.
The Rise of the Institutional PCGS Gold Coin Market Empire
Almost overnight, the PCGS Gold Coin Market Division of the Certified Gold Exchange garnered national attention. CGE leadership, however, wasn’t content with just helping financial institutions who had billions of dollars to throw around. Thus, the Household Division of the Certified Gold Exchange’s PCGS Gold Coin Market was born.
2001: A PCGS Gold Coin Market Odyssey
The Certified Gold Exchange’s leadership team wanted to provide “mom-and-pop” investors with the same volume discounts that were already being provided to CGE’s institutional clients. By purchasing PCGS gold coins in large volumes, the Certified Gold Exchange was able to offer discounted PCGS gold coins to household investors. This move allowed the Certified Gold Exchange to corner the PCGS gold coin market for financial institutions and household investors alike.
Also Read: What do U.S. Gold Investors Say About The Certified Gold Exchange?
The PCGS gold coin market is constantly evolving. Savvy marketers have attempted to pass brand new American Eagle coins off as collectibles, and market makers like the Certified Gold Exchange are constantly on the lookout for PCGS gold coin counterfeiters.
With its A+, Zero Complaint rating with the Better Business Bureau, as well as its 5-Star Google rating (with dozens of glowing reviews), it seems that the Certified Gold Exchange will remain the cornerstone of the PCGS gold coin market for years to come. Call (800) 300-0715 or visit www.CertifiedGoldExchange.com today to get your free PCGS Gold Coin Guide or to buy and sell your coins directly with “America’s Trusted Source For Gold.”
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