If you follow the value of excessively rare coins sold at auction, you are likely to be impressed with recent prices realized. If you collect anything else, that being coins ranging from between common but collectible to scarce or to rare, you’ll realize there are truly few coins that have been recently increasing in price.
Astute collectors are buying such bargains as common date proof silver American Eagles. Only a few months ago, they sold for significantly higher prices.
Generic gold quarter eagles, half eagles, eagles and double eagles are attractive at today’s prices, the only exception being very high Mint State graded examples.
Even among coins certified to be in unusually high condition by reliable third-party certification services, prices are mostly flat lined or down.
This is no time to ring the alarm bells. It is a time for a feeding frenzy! It’s been a long time since many scarcer and more desirable coins have been selling at current price levels.
Prices of many collectible yet common to scarce gold coins barely change between grades except for the very loftiest examples. Morgan and Peace silver dollars remain popular, but the price of most of these continues to remain flat.
There are some exceptions to these general conditions. Very specialized areas such as large cents and Capped Bust half dollars are showing an inherent strength, but even in these two areas there are bargains to be had.
It is a buyer’s market. We don’t know how long it will last. Act before it is too late.
This article was originally printed in Numismatic News Express. >> Subscribe today
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• The 1800s were a time of change for many, including in coin production. See how coin designs grew during the time period in the Standard Catalog of World Coins, 1801-1900 .