Silver and Gold Encourage Collectors, Investors
The market for truly rare coins appears to continue to be on a roll, a roll that will likely reach a new height during the upcoming annual American Numismatic Association convention in August in Pittsburgh. Strong attendance has been reported at two recent regional coin shows despite each having been held in July. Others from whom I haven’t heard likely are experiencing similar attendance.
The stable (and attractive) spot prices of both gold and silver are encouraging collectors as well as investors to buy American Eagle coins. Gold will likely to perform well as long as the dollar continues to demonstrate weakness in world currency markets.
The market for recently issued commemoratives continues to perform surprisingly well, considering the typical pattern in secondary markets in the past was for the coins to decline in value. The gold coin market is drawing additional attention due to the recent discovery of a Civil War vintage hoard of coins recently discovered in Kentucky.
The resilience of the overall coin market continues, especially regarding the demand for quality. In an interesting case of something similar to which should come first, the book or the coin, it appears the slab may have come first, then the coin. The first coin believed to have been encapsulated by Professional Coin Grading Service is being offered at auction by Great Collections. Since this is a historic prototype, such a “slab” can be appreciated for itself rather than for what it encapsulated. As always, under normal circumstances, you should examine the coin prior to considering the opinion rendered by third-party authentication and grading services.
