Rare Coin Price Increases
Thursday, February 18th, 2010Rare coin price increases were seen this week, but not across the board. While two of the most popular investment-grade rare gold coins showed a 3:1 profit over the pre-ounce gold bullion spot price, some specialty pieces lost substantial value in the aftermath of the somewhat disappointing Long Beach Coin Show.
Although some coins achieved more than their expected value at this recent show, which was highly anticipated by many of the world’s leading numismatists, the majority of pieces sold for less than their expected value and two traders I’ve spoken with mentioned that there was a visible lack of interest in specialty coins. The Long Beach Coin Show isn’t the first coin show that I’ve heard this about recently, but it actually seems to be more of a regular trend these days.
While certain coins have performed quite well under the duress of the current recession, values of other types of coins have been driven down almost as harshly as stock and real estate values. Collectors simply can’t afford to pay those ultra-high premiums for rare dates and specially minted coins right now. However, not all is lost. The current trends show that widely traded coins, such as common year American coins minted prior to 1933, have much more upside potential than any extremely rare pieces.
The latest rare coin price increases can be attributed to a drop, not only in the dollar but also in Americans’ confidence in our economy, and if you have long-term concerns about our nation’s financial welfare as well as your own then a rare coin investment may be wise. Call Rare-Coin.org or send us an email if you would like a free portfolio assessment as well as our award-winning investment brochure.

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