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Bullion, Collectible Coins See Slowdown

2022 silver bullion American Eagle. (Image courtesy United States Mint.)

2022 silver bullion American Eagle. (Image courtesy United States Mint.)

The continuing weak performance in the spot price of gold and silver accompanied by a continuing mixed equities market is slowing the sales of some bullion and generally available yet collectible coins. Bullion silver investors and speculators are increasingly becoming aware of the more modest spread between the spot price of bullion and that of silver rounds or foreign silver coins when compared to the expensive premiums accompanying silver American Eagles. Buyers are increasingly also becoming aware that U.S. coins being offered by European Union coin dealers priced in euros are a good buy since the euro is now approximately on par with the U.S. dollar.

One of several bellwether sectors of the market for coins is Peace silver dollars. A recent examination of these coins shows some pricing weakness not only in the circulated lower grades but in the lower Mint State grades as. Sales for the highest Mint State coins, regardless of date and mintmark, continue to show strength and in several areas are accompanied by a continuing appreciation in their prices. Overall, the demand for coins continues to remain strong.

The headline-grabbing scarce to rare market segment continues uninterrupted both in supply and in demand. Some coins that haven’t been available in years continue to be offered, the favorite venue for these coins being through auctions. The number of bidders and strength of their bids shows little signs of slowing. It is possible some consigners are ready to take profits, but there is also the possibility that some owners may be concerned that the bull market for rare coins could be overdue for a pull-back.