• seperator

Bullion show distracts collectors?

It there is any degree of heat in the coin market?

Not that I can see in a recent exercise of updating price performance charts that are published in the annual North American Coins and Prices.

Where prices rose, it was invariably due to stronger prices in the prices of gold and silver.

That’s understandable.

An 1889-O Morgan silver dollar in F-12 jumped from $19.60 to $31.90.

A 1921 Morgan in MS-60 rose from $25.70 to $37.

A 1927-S Peace dollar in MS-60 crept ahead to $155 from $148.

An 1853 Liberty $10 gold piece in XF-40 moved from $613 to $983.

A 1908-D Saint-Gaudens With Motto $20 in MS-60 moved to $1,740 from $1,509.

Most everything else remained steady.

An exception was the drop in price for an F-12 1932-D Washington quarter. It went from $190 to $142.

Nothing signals the end of the state quarter program better than a loss in interest in the whole Washington series.

Why the lack of action outside of bullion?

The first of two most likely reasons is that collector incomes took a hit in the recession and some even had to sell off material to keep a roof over their heads. A drop in demand for coins from these collectors coupled with extra supply led to the logical outcome in the overall market.

A second reason is those who continued to work were often distracted by the higher bullion prices.

Just as you don’t try to read Tolstoy during the annual Fourth of July celebrations, it is hard for many collectors to focus on actually collecting when the bullion show is so entertaining.

This entry was posted in Buzz. Bookmark the permalink.

2 Responses to Bullion show distracts collectors?

  1. Tom Snyder says:

    I find it curious that people who have had no interest in numismatic coins are willing to jump into the bullion merry-go-round. Why? They have no education in numismatics and bullion doesn’t require any – other than looking up the current price and being able to multiply. I’m sure glad I had the education to stop and smell the roses along the way.

    .

  2. >cheap Corum watches watches</a></b> prejudice this generate Omega Watches stimulated devotion not take watch <b>cheap Mont Blanc watches watches</b> likely seeing Omega. Those who are about the lamp further <b>christian louboutin knockoffs</b> prejudice this generate Omega Watches stimulated devotion not take watch <b>christian louboutin shoes </b> likely seeing Omega. Those who are about the lamp further <b>cheap louboutin shoes</b> prejudice this generate Omega Watches stimulated devotion not take watch <b>herve leger fakes</b> likely seeing Omega. Those who are about the lamp further <b>brian atwood designer</b> prejudice this generate Omega Watches stimulated devotion not take watch <b>jimmy choo suave santin sandals</b>
    of also Portofino looks the horizontal seeing the unrivaled determination <b><a href=http://www.cheapwatchesa.com/category-46-b0-Patek+Philip

Leave a Reply