Author Archives: Richard Giedroyc

Strike it rich by striking your own coin

The number of people visiting Great Britain’s Royal Mint in Llantrisant, Wales, appears to be increasing, not because more tourists are interested in how United Kingdom coins are minted but because they hope to acquire what they speculate could become … Continue reading

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Tale of two coin markets continues

The tale of two coin markets continues, with a few coins that are seldom offered selling at astronomical prices at auction. The balance of the market vacillates or continues what has been a slow but steady decline. It is difficult … Continue reading

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Waiting for bullion, or buying up bargains?

Overall, the market continues to show minor declines in such popular series as Morgan dollars regardless of scarcity, but there have been some modest increases in better-grade gold coins. It is entirely possible this could be the first sign of … Continue reading

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Lower values push participation down

Despite the television advertising claims of one bullion coin dealer, there are plenty of silver American Eagle coins to be had. Simultaneously, the overall business of coins remains slow, with more minus than plus signs being posted for retail values. … Continue reading

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‘Cautious optimism’ the watchword

Is there some movement in the scarce- to rare-date segment of the coin hobby? Let’s get the magnifying glass out to see. There are some isolated bright spots due primarily to recent auction activity, but the coins that are realizing … Continue reading

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Do dates mean anything on coins?

On Dec. 18, 2017, the British Royal Mint announced it was launching its “2018 bullion sovereign coins – the sovereign and the half sovereign.” The announcement continues, “The bullion sovereign is available at The Royal Mint’s trading web site,” indicating … Continue reading

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Buyers get all the breaks in present market

We are in a buyer’s market, a bull buyer’s market. Many dealers will disagree since their retail sales volumes are down. One dealer attending the February show in Long Beach was thrilled he had a retail client who spent $20,000, … Continue reading

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Too many Baby Boomers want to sell

The weak market for collecting or investing in coins can be seen through the anemic 9,852 proof 2018 $10 tenth-ounce gold American Eagles sold on the launch date of Feb. 9. Collectors now can view this as a potentially low … Continue reading

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Takes brave buyers to counter current trends

If you want a catchword for this market, I would use “weakness.” Low grade and common date silver dollars and common date $20 double eagles in all but the loftiest grades are selling for prices barely better than their intrinsic … Continue reading

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Document your collection

“Document your collection” was the cautionary phrase used by Ancient Coin Collectors Guild spokesman and attorney Peter Tompa as he gave an update of the status of cultural patrimony seizures Jan. 13 during the New York International Numismatic Convention. Collectors … Continue reading

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