Dealers Report Brisk Bullion Sales

Momentum is the key word describing the health of the market for coins. Coin shows, auctions and clubs are all well attended. Several major conventions held during the early part of 2023 have all reported strong sales for virtually anything, be it bullion related, reasonably available collectibles or rarities. Bullion and intrinsically valued coins have taken somewhat of a hit recently due to the marked drop in the spot price of gold, silver and platinum; however, this does not appear to have slowed the demand for such material from both collectors and investors. Dealers report sales continue to be brisk in this area.

Likewise, coins that are collectible yet may be reasonably available are challenging to keep in stock due to collector demand. Collectors continue to watch for quality as well as rarity, but unless the object is a problem coin due to damage, whizzing, cleaning or the like, it will sell.

Interest in scarce to rare coins continues to increase, with more individuals attending auctions in person or bidding from remote locations continuing to increase. It is always a challenge to find fresh material to sell, but due to the keen interest in this area, anyone who has salted rare coins away is being tempted to consign while the market continues to be hot.

U.S. Mint products not only sell well when first released, but in the secondary markets as well. Some modern commemoratives are proving to be challenging to find.

They say March either comes in as a lion or a lamb, then goes out the other way around. The coin market came into 2023 roaring like a lion. There is no sign of a lamb in its future right now.