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Bullion shows some spunk as upswing begins

Have gold and silver finally found a bottom? Are both these metals gradually moving forward rather than backward? Will this yet minor uptick impact the price of coins in which their intrinsic value matters to potential buyers? These are questions beginning to come into play. Right now the plus signs remain mostly with the best of the best coins, the coins that are rare dates or in rare condition. Collectible yet relatively available coins impacted by their intrinsic content are holding their retail price values, while dealers make some additional profit when purchasing these coins at depressed bullion values. This scenario appears ready to change, as the metals are beginning to show some spunk.

This is a good time to rethink your strategies. Are you truly a collector, or are you an investor? A collector will buy and hold. When a collector purchases a coin it is likely that coin is going to be off the market for a generation. An investor will buy and sell. Both are concerned with values at all times, but for different reasons. A recently released survey indicated gardening is currently the most popular pastime, this being followed by genealogy. Fishing, bowling, and biking were up there, as were other hands-on rather than sedentary activities. All collecting hobbies were way down the list. Tastes change. At the moment coin collecting and related collecting activities are not that popular. Is this a buying opportunity? At some point a renewed interest in collectible hobbies will vindicate this view.

 

This article was originally printed in Numismatic News. >> Subscribe today.

 

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