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Coin Collecting Rises from Pandemic Ashes

The business of coins just got a shot in the arm through the back door as the dollar continued its slow but steady decline on world markets and inflation jitters continue to send investors running towards precious metals and other traditional commodities. This situation has impacted bullion and bullion value coins directly. Numismatic equities are also performing well, with A-Mark Precious Metals, Spectrum Group International, and even security paper supplier Crane Company (Crane supplies the Bureau of Engraving and Printing) nearing their highs for each of their 52-week trading average.

New 2021 reverse design of the silver American Eagle. (Image courtesy U.S. Mint.)

New 2021 reverse design of the silver American Eagle. (Image courtesy U.S. Mint.)

Coin collecting is now transitioning from its pandemic to post-pandemic phase. Local coin clubs are re-opening. The American Numismatic Association has confirmed the organization will go forward with its August mega convention near Chicago. Numismatic Guaranty Corporation is now recognizing and scoring coins evaluated by Certified Acceptance Corporation as part of the NGC Registry. Both collectors and investors should take an interest in the new Type Two Reverse silver American Eagles soon to be unveiled.

The U.S. Mint recently reported the Federal Reserve is limiting orders, particularly for dimes and quarter-dollars, to customers as the Mint struggles to keep pace with the public demand for circulation coinage. Consideration is being given to possibly limiting distribution of cents and 5-cent coins as well. Both the Philadelphia and Denver Mint facilities have already struck 2021 Tuskegee Airmen National Historic Site quarters (the 56th and final release within the America the Beautiful quarters program) and the 2021 General George Washington Crossing the Delaware quarter dollar.