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Rarities Become Commonplace

The finest of three known proof 1825/4/1 half eagles from the Mocatta Collection of U.S. Gold Rarities will highlight Stack’s Bowers Galleries’ Summer 2022 Global Showcase Auction set for Aug. 22-26. (Image courtesy Stack’s Bowers Galleries.)

The finest of three known proof 1825/4/1 half eagles from the Mocatta Collection of U.S. Gold Rarities will highlight Stack’s Bowers Galleries’ Summer 2022 Global Showcase Auction set for Aug. 22-26. (Image courtesy Stack’s Bowers Galleries.)

Rare coins may be rare, but there appears to be an almost unending parade of these desirable collectibles being offered through public auctions. Behind this, of course, is that the market for truly rare coins, be they date or grade rarities, has never been stronger. Collectors, coin dealers, and investors are all vying for the same pieces, many of which have not been available in a long time and may not become available again in our lifetime. Many of these desirable coins are being offered at auctions that are held in association with the American Numismatic Association convention in Chicago as this market commentary is being written. 

The latest gem recently announced to be heading for an auction is one of three known 1825 $5 half eagles that will be offered in California during late August. 

If you have deep pockets and are looking to add coins of this caliber to your collection, the time has been now for at least the past 18 months. This rarity steamroller doesn’t appear to be running out of fuel or fire. 

While the balance of the market for coins doesn’t tend to get much attention by the press, it nevertheless continues at a hectic pace as well. Demand continues to outpace supply on all levels, not just in the classic rarity category. Things traditional collectors might be surprised to learn are performing well include autographed third-party certification encapsulations and coins that were struck to be purchased and sold as bullion rather than as a collectible. The so-called fall season for coin collecting is now in full swing and it appears to be once again gaining momentum.