Buyers not bidding coins to new levels

In general, 2018 was a quiet year for the collectible coin market. Scarce to rare coins continued to sell well, but few were setting new records. Auction sales results suggest there is a hungry market of collectors and dealers interested in these coins, but it also suggests these buyers are not comfortable in bidding these collectibles to new levels.

The broader market of collectible coins continued to be a mixed bag throughout the year. Anyone willing to shop around would have found coins of the same date and mintmark, graded identically by the same third-party certification service, occasionally selling for very different prices. Some dealers might argue the eye appeal of one may be greater than for another, but overall like coins simply didn’t always sell within the perhaps 10 to 15 percent price discrepancy range that is usually anticipated.

The retail price of many coins appears to have been determined by the price the dealer paid to stock the coin rather than by following a published price guide. This is likely to encourage faster turnover of inventory. The downturn in values experienced within recent years encourages dealers to want to turn merchandise over more quickly as well.

Bullion and bullion-impacted coins and U.S. Mint products were lackluster during the year. The poor performance of the spot price of bullion had everything to do with this. Astute buyers went after these bargains, but investors remained in equities rather than in collectible markets. The coin market has likely reached as low as it is going to go, but when it will begin to rise remains an unknown.

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

If you like what you’ve read here, we invite you to visit our online bookstore to learn more about Strike It Rich With Pocket Change.

Learn more >>>

NumismaticNews.net is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com and affiliated websites.

The post Buyers not bidding coins to new levels appeared first on Numismatic News.

Comments

Stack’s Bowers’ June 2020 Auction Nets Over $5 Million

The Stack’s Bowers Galleries June 2020 Auction continued the trend of high prices realized recently demonstrated in their March Santa Ana and May Hong Kong auctions. Over $5 million was realized in the June sale across United States coins, tokens, and medals, achieving 114 percent of the pre-sale estimate on sold lots. (All prices listed include the buyer’s fee.) Strong demand for high-end gold coinage reflected continued growth in this collecting area, while Numismatic America also saw incredible strength, earning over 50 percent above pre-sale estimates in Internet-Only Session Three. With such strong results in their June sale, Stack’s Bowers Galleries is anticipating considerable interest in their upcoming August 2020 Auction, which will be posted online for viewing and bidding in early July. This Mint State 1824/4 O-110 Capped Bust half dollar featuring Washington and Lafayette countermarks realized $26,400. (All images courtesy Stack’s Bowers) Session One opened with Numism

Mythology Featured on Early Indian Banknotes

The origin of the universe can be explained by modern astronomers and astrophysicists, while archaeologists and historians try to clarify the origin of human societies. A mythology is a collection of stories about a specific culture or religion. They often feature supernatural characters. Cultures around the world are filled with such ales about relationships between gods and humans. In the distant past, however, before any sciences existed, the beginnings of the world and of society were explained by MYTHOLOGY. Mythology is a common topic of expression through artwork. Not just dance; painting, sculpting, the mythology is a way of expression during many facets of day to day life. Even on Indian coins, stamps, and banknotes Mythology is featured with distinct concepts. The blog covers the topic: Mythology Featured on Early Indian Banknotes. As the British colonial reign strengthened in India over the years, their paper currency became the new normal. More denominations came in, layou

Letters to the Editor (September 18, 2018)

Minting a new 3-cent piece wasteful if not silly Mint a three-cents coin? In the Aug. 28 issue of Numismatic News , a Viewpoint article by Wayne Pearson advocated the issuance of a new three-cent denomination coin to replace the cent. I think this idea is silly since nothing can be bought for three cents. Minting such a denomination would be wasteful. The least expensive item I know of is a paper bag, which one can buy for 10 cents in California when buying groceries. Making any coin of a smaller denomination makes no sense. I advocate a complete reworking of all of our coin denominations as follows: A dime, as the smallest; a quarter; a half dollar; and a dollar and a five dollar, all in ascending order of size. Eliminate the $1 bill and the $5 bill and begin the printing of $500 bills. Thomas Miller Santa Rosa, Calif. Base metal dollar coin designs that have circulated alongside the paper dollar include Eisenhower (top left), Susan B. Anthony (center right), and Sacagawea

Gold Eagle Price

Search This Blog