Author Archives: Richard Giedroyc

‘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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Morgans take some hits in steady market

The coin market appears to be steady, unlike the stock market, but there is no noticeable momentum in either direction. Recent stock price swings are impacting discretionary funds. There are specialized pockets within the scarce to rare coin market sector … Continue reading

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Dealers buy gold but collectors don’t

The recent stock market correction has had an impact on the business of coins. Gold is selling, believe it or not. But it is not selling to collectors. Instead, it is being scooped up by dealers. It appears the reason … Continue reading

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Illegal treasure hunting active in Romania

The circumstances under which a nation exerts its right to its cultural patrimony are increasingly being applied worldwide through Memorandum of Understanding and other agreements. Due to rampant smuggling and illegal excavations during 2017, Romania was thrust onto the front … Continue reading

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Gold round of Mali to feature hummingbird

A gold bullion issue featuring a hummingbird is being planned by mining concerns in the African nation of Mali. Why the hummingbird? No explanation was given, other than the company’s name is Hummingbird Resources PLC. It was founded in 2005 … Continue reading

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