The hobby and business of coins continue on a relatively flat plain. Prices remain healthy, but selling within a tight range. Investors are sparse. There are questions regarding if new collectors are entering the field or not. The future of physical currency remains in question.
The U.S. Mint issued about 22.9 percent more coinage in October than it did one month earlier, but 16.4 percent less than it produced in October 2018. At the same time, Federal Reserve banks have stopped ordering half dollars and Native American dollar coins. The good news behind this is that the Fed still purchased circulation strike coins of these two denominations for collectors, indicating there is still serious collector demand for these and likely other current yet collectible coins.
The spot price of both gold and silver has declined recently, but appears to have settled into a new if lower trading range. This is influencing the price of many bullion-impacted collectible coins as well as all gold and silver American Eagles. Scarce to rare coins remain above the fray but aren’t setting any new records, either.
There has been some saber rattling recently regarding if coins encapsulated as First Strikes, accompanied by an autograph, and as other forms of modern grade rarities are a fad rather than a long-term collectible worthy of long-term interest. It may be becoming an oft-repeated phrase, but buy the coin, not the slab.
The post Gold, Silver Dip Impacting American Eagles appeared first on Numismatic News.
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