Bargain hunting may be the watchword within the scarce to rare segment of the coin market. There are indications a significant number of collectors and perhaps speculators who know what they are doing are purchasing better date and superior condition coins at today’s somewhat depressed price levels.
These buyers do not appear to be willing to pay premiums above current pricing, but they aren’t dragging prices lower, either. Since current price levels are significantly lower than they have been in the not-too-distant-past, this may inadvertently signal a future rally in this important segment of what I will call the “collector coin” market.
The spot price of gold and silver bullion continues to take center stage in the overall business of coins. Currently, the value of the majority of the coins being traded in the business are being impacted by the intrinsic value of what is bought and sold.
The modest appreciation in gold has been a catalyst for the First Spouse coins, with likewise modest price increases, and with sales nearly doubling from one month earlier.
Gold and silver bullion did increase modestly in price when the stock market recently sold off but did not make sufficient gains to grab much attention from potential investors.
Bottom line this week is that the market for coins is healthy, but it is still far from earning a label indicating it is robust.
This article was originally printed in Numismatic News. >> Subscribe today.
More Collecting Resources
• The Standard Catalog of World Coins, 1601-1700 is your guide to images, prices and information on coins from so long ago.
• With nearly 24,000 listings and over 14,000 illustrations, the Standard Catalog of World Paper Money, Modern Issues is your go-to guide for modern bank notes.