Skip to main content

Imagine coin prices expressed in Bitcoins

Bitcoin-realestate.com is now selling houses in exchange for Bitcoins. This can be taken either of two ways. You could be the owner of some real estate who wants to speculate in cyber currency. You could be an owner of a cyber currency who wants to get into hard assets instead.

It hasn’t happened yet to my knowledge, but what about someone wanting to trade a cyber currency for collectible coins or vice versa? Or should we say purchase rare coins with Bitcoins?

Right now cyber currencies and equities are two of the main culprits why not only coins but all collectibles in general are out of favor among investors and many former collectors.

What if some of this cyber currency were to be offered when someone is going to buy collectible coins? Prices realized listed in Bitcoins from January 2017 would now be worth 16 times as much. That would put an 1804 dollar at over $50 million. Couldn’t the value of these rarities escalate due to their fixed supply versus this increased demand from owners of Bitcoins? We can hope, can’t we?

A significant bear market in stocks could definitely trigger a buying spree in coins and collectibles, but couple this with people bailing out of cyber currencies and coins once more could become the collectible of choice. Right now coins continue to lag these two markets, but at some point cyber currency and stocks will stop appreciating. Astute collectors who are buying coins now rather than later will be the winners.

 

This article was originally printed in Numismatic News Express. >> Subscribe today

 

More Collecting Resources

• Purchase your copy of The Essential Guide to Investing in Precious Metals today to get started on making all the right investing decisions.

• Start becoming a coin collector today with this popular course, Coin Collecting 101.

The post Imagine coin prices expressed in Bitcoins appeared first on Numismatic News.

Comments

Post a Comment

Popular posts from this blog

Royal Mint Partners with NGC to Offer Certified UK Coins

The Royal Mint, the official mint of the United Kingdom, has partnered with Numismatic Guaranty Corporation (NGC), the world's largest third-party coin grading service. For the first time, The Royal... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Post a Comment
Read more

Heritage Readies Long Beach Paper Money Auction

By Tracy Schmidt  There are many spectacular notes in Heritage’s upcoming Long Beach auction. The top five I will be keeping an eye on are notes of exceptional quality. I look forward to sharing the auction results with you next month. The first note is Lot 20637, a $10,000 1934 Federal Reserve Note PMG-graded Unc. 66 EPQ. According to Heritage, the note is one of just three $10,000s certified by PMG at this level for all series and districts. Having perfect centering, ideal colors, and excellent eye appeal, it should be a great performer. The note is projected to exceed its estimate of $200,000-$300,000. At the time of writing, the note has 13 bids and registered phone bidders; the lot tracking activity stands at 94, and there have been 3,010 page views. Lot 20637 is this $10,000 1934 Federal Reserve Note with signatures of Julien and Morgenthau. (Image courtesy of Heritage Auctions) The second note I am tracking is Lot 20635, a $5,000 1934 Federal Reserve Note graded Very C...
Post a Comment
Read more

Viewpoint: PNG warns bullion buyers of risks

Editor’s Note: The following is a warning issued by the Professional Numismatists Guild. Following the recent fraud charges filed by the Commodity Futures Trading Commission against a California gold seller, a trade group composed of veteran precious metals experts is urging investors to take three important steps before making any purchases of gold, silver or platinum ​bullion ​coins or ingots. “To avoid paying too much when you buy or receiving too little when you sell, and to avoid potential scams, investors absolutely must know the credentials of the bullion dealer, not just what the dealer may tout on TV advertisements or with a fancy website,” cautioned Barry Stuppler of Woodland Hills, California, President of the nonprofit Professional Numismatists Guild ( www.PNGdealers.org ). “If you don’t know gold, you’d better know your gold dealer,” Stuppler emphasized. The Temecula, California-based Professional Numismatists Guild (PNG) was founded in 1955. Two years ago, PNG establ...
Post a Comment
Read more