Nearly All Indicators Point to a Healthy Market
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There are many opinions, each based on differing observations and statistics, on the direction and health of the market for collectible coins. Currently, just about all of the published opinions indicate that the market remains healthy, with value appreciation continuing, especially due to the recent dramatic increase in the spot price of gold. Some interesting statistics are worth noting here.
It’s always positive when record prices are being set, especially when such records are set for collectible coins that aren’t mainstream to the interests of most collectors. An 1883 Hawaii silver dollar graded Professional Coin Grading Service MS-68 with green Certified Acceptance Corporation “watermelon” sticker recently realized a record price of $276,750 in a July GreatCollections sale.
The Wilmington, Del., marketing company Transparency Market Research Inc. recently published their market valuation of $18.1 billion in 2023 for the U.S. market while stating, “the global coin collection industry is experiencing significant growth.” The TMR report continues, “This growth is fueled by several key factors, including the rising demand for unique and historically significant coins, a growing interest in investment-grade collectibles, and the increasing popularity of innovative designs.”
The U.S. Mint is helping boost the new collector coin market segment by placing very low mintages on some non-circulating legal tender commemorative issues, including the 2024-W proof $25 1-ounce palladium American Eagle (7,500 pieces), creating additional interest in what are becoming instant modern rarities.
Strong sales at the August American Numismatic Association convention also gave the more traditional collector market a healthy seasonal start. In general, things look good.
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