And even though gold and silver have made a run for it the past nine months, numismatic coins have not been forgotten.
“The collector market has been pretty steady,” said Lee Crane of L&C Coins, Los Alamitos, Calif. “When you have gold and silver go up so dramatically, it does take attention from collector coins, but collectors are collectors, so they are still buying, still active in putting their collections together.”
Gold was at $1,405 a troy ounce on Jan. 4 this year, but steadily rose to $1,886 on Aug. 23, while silver was at $30.67 in January and $42.88 in August. But then the drop came, and on Oct. 4, gold was at $1,638 and silver at $30.60.
“If gold and silver settle down and not be so dramatic like they ahve been the last few months, I think you will see the collector market have more attention paid to it and people will be more active,” Crane said.
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In fact, this may be a time for good selections and good prices for collector coins.
“I think collectors may see some bargains in numismatic material that has been stagnant for a while when bullion prices were skyrocketing,” said dealer Steve Musil of Kearney, Neb. “And maybe they perceive that we’re going to be taking a breath for awhile as far as bullion prices and now minght be an excellent time to put money into numismatic material.