Tone of the Current Coin Market is Optimistic

Anxiety!

The threat of a war with Iran, the Federal Reserve Bank considering lowering interest rates at its next meeting, and gold; the metal which has been quietly appreciating modestly suddenly took off as the US dollar dropped in exchange rate value on the world market.

This in turn impacted gold bullion and collectible gold coins. Silver followed the spot price of the yellow metal, although not as dramatically. The ratio between gold and silver continues to expand, this perhaps being of future concern. Once again, however, with silver above its resistance level of $15 an ounce its price is impacting bullion and collectible coins.

Dealers continue to be cautious, mostly leaving buying prices alone, while raising the sales price of intrinsic value impacted coins as according to the market.

Scarce to rare coins have been holding their value nicely, but now appear to finally have an opportunity for significant increases as the business of coins looks ahead to see if this may usher in the investor sector of the market that has been absent for some time.

The spot price of gold and silver bullion may back off once again, but it looks like many of the recent gains may stick. The tone of the current coin market is optimistic just at the right moment, since we are in what is typically considered to be the summer slowdown prior to the August American Numismatic Association convention.

The post Tone of the Current Coin Market is Optimistic 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