Coin Market Best It’s Been in Years

The prestigious auction house Stack’s Bowers Galleries is opening an office in Philadelphia and is looking to hire numismatic specialists. Certified Collectibles Group is expanding its Sarasota, Fla., offices by 21,000 square feet, the company now employing more than 400 people internationally, about 330 of them being situated in Sarasota. The German Historical Museum in Berlin is seeking a museologist for its coins, medals, plaques, bank notes and securities collection. Heritage auctions recently announced their 2020 numismatic sales totaled about $278.9 million, almost 79 percent of this coming from internet sales.

The U.S. Mint continues to struggle to keep up with the demand for business strike, collector and bullion coins. The spot price of bullion gold and silver continues to decline due to a weak dollar on the international market. Despite this, gold American Eagle coin sales increased by 416 percent from sales during the first two months of this year when compared to the same period one year earlier. Silver American eagle sales increased by 77 percent when compared to the same period a year earlier. American Buffalo gold bullion coins are up 252 percent for the first two months of 2021.

Important very rare coins that haven’t been offered in years are now appearing for sale. The prices of many collectible coins continue to increase due to renewed demand. Coin shows and club meetings are cautiously re-opening as the coronavirus pandemic appears to be slowing.

All this points to one conclusion: the coin market is at its best point in years. Enjoy the ride.