| basics: price, rarity and grade. These factors are easily determined through the use of certified grading, mintage and population reports and price sheets such as Coin World Trends and the Pattern Price Guide. You might pay more for a special coin, or less for a bargain. Population reports are imperfect, but buying without knowing this information is often self-defeating. Eye appeal is much more important to the collector than to the investor. Consequently, in areas where there is traditionally high |
| (Continued from page 1) Let’s start with the
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| Following are six common reasons people sell their coins:
¨ You have an accumulation of “junk” coins you wish to trade for cash or for fewer but much more valuable coins. ¨ You need cash now. ¨ You have reached an age where moving your assets into “liquid” is appropriate. ¨ You paid way too much for coins back in the 80’s and you could use a tax loss to offset a capital gain from sale of stock or real estate. ¨ You have inherited a coin collection, and you need to split the proceeds among the heirs. ¨ You have lost interest in coins. |
| Want to Sell Your Coins? |
| Inventory Squeeze (cont’) |
| Numismatic Fundamentals |
| Customized Numismatic Portfolios |
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dealer inventories are again depleted, and in order to get coins to sell, they will raise their bids. If market demand continues to grow as the first part of this year indicates, price increases are likely, especially so in pattern coins, collector favorites and other specialties.
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| (Continued from page 1) collectors, like most Americans spent their time watching news instead of their coins. Following the attacks came the usual year end tax jockeying. With stock prices and interest rates down, and the economy in recession, a higher than usual volume of coins sold to offset profits or losses. or to create a a cash source. Dealer inventories soared, to the point where dealers would only buy at severely discounted prices. Dealers need cash just like everyone else. With inventories at a glut and bids low, it became a buyer’s market, so much so that I advised numerous clients to hold off selling some coins until inventory emptied out, causing bids to rise to more reasonable levels. New vigor hit the coin market with the new year (see related article), and dealer inventories started to empty; however there are deals in rare gold coins available at significant discounts.* These will continue until, like low tide,
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| Rare Coin Report is written and published by Lawrence D. Goldberg, owner of Customized Numismatic Portfolios (c) October, 2001 All Rights Reserved Please feel free to call toll free with your comments and questions at: 800 334-3325 Fax: 818 557-0902 e-mail: nofreelunch@earthlink.net
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| I pay the highest prices. Call me now for a free consultation (800) 334-3325 |
| * A handful of gold coins at prices far below Coin World Trends are in inventory. Call for details. 800 334-3325 |