Collector Coin Prices Continue to Rise

The market for world coins appears to be catching up with the market for U.S. coins, suggesting that perhaps rare U.S. coins could be under-valued. An ancient Greek gold stater recently sold in Zurich for the equivalent of $5,965,544. The finest known 1870-CC Coronet $10 eagle will be auctioned in August by Stack’s Bowers Galleries. This should be interesting, since both coins I am comparing had been off the market for decades. Where do truly rare U.S. coin prices go from here? It is more likely that the cup is half full than half empty.

At the same time, collectors of more modestly priced coins may be taking a deep breath before diving into purchasing the 10-coin 2023-S silver proof set from the U.S. Mint at $130 per set. Seven of the 10 coins are composed of .999 fine silver, but at the time this commentary was being written there was no mintage limit on these sets, putting their future upside potential into question. The sets will become available Aug. 22.

Overall, the price for collector coins continues to rise, with perhaps a few speed bumps in more esoteric areas where supply may outstrip demand. The bullion and pre-1965, bullion-impacted circulation coins have declined modestly in value as has the spot price of silver. Lower-grade, common-date pre-1933 gold coins have likewise reacted to the modest recent decline in this metal; however, in general anything in at least Mint State 60 is either holding steady or is continuing to increase in value.

There is every reason to continue to view this market optimistically. Recent marketing innovation efforts suggest the number of collectors is likely going to expand.