Realistic prices key to making coin sales
Coins should be collected first and bought as investments second if at all. Nevertheless, the first thing on just about every collector’s mind consistently is, “How much is it worth?”…
Coins should be collected first and bought as investments second if at all. Nevertheless, the first thing on just about every collector’s mind consistently is, “How much is it worth?” Without this question being asked, the pricing information offered here wouldn’t be sufficiently important to publish weekly.
The collector market is healthy and moving. Everything from bullion-related coins to rare coins is selling – as long as they are priced realistically for today’s collector-driven market. If your primary concern is value appreciation, then there is another dynamic to consider, a dynamic that continues to be lacking – investors or speculators who aren’t collectors. This trend has been continuing for some time as collectible items have fallen from favor.
The stock market has been recently moving into correction territory, with some anticipation it may become a full blown bear market. Despite this, gold has made only modest gains while silver continues to underperform. A recent retail investment survey conducted by the global financial markets data and infrastructure company Refinity indicates coin demand is increasing, with U.S. investor demand for gold increasing by 26 percent between the second and third quarters of 2018. This demand is bolstered by higher coin sales, with ingot purchases “continuing to shrink.”
Are we who are in the business of coins overdue for some value appreciation? Perhaps your coins are once again beginning to sparkle!
This article was originally printed in Numismatic News Express. >> Subscribe today
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