February, 2002 | Page 1 | Page 2 | Page 3 | Page 4 | Newsletter Index | Home |
Page 4 |
I’m BUYING
Following are coins and items I frequently buy:
Indian Head Cents Buffalo Nickels 19th Century Type coins Pre-1965 silver coins. U.S. Mint and Proof Sets Morgan Silver Dollars Peace Silver Dollars All Gold coins Pattern Coins Old Currency Gold and Silver Bullion Watches Diamonds Famous autographs Old inkwells
(800-334-3325) |
Customized Numismatic Portfolios |
CALL TOLL FREE 800-334-3325 E-Mail: NoFreeLunch@earthlink.net |
¨ Numismatic Fundamentals ¨ Coins and the Economy ¨ Inventory Squeeze Creates Bargains ¨ What’s new with Patterns? ¨ FAQ’s ¨ ......and more! |
For free portfolio analysis, specific questions on the direction of the coin market, or to buy or sell coins, please call me, Lawrence Goldberg, toll free at (800) 334-3325 Rare Coin Report is published by Customized Numismatic Portfolios, 2219 West Olive Ave. # 218, Burbank, CA 91506 e-mail: Nofreelunch@earthlink.net |
When is the best time to upgrade coins? |
There are two “best” times to upgrade. First, is when you find something that you really want, and a good way to get it is to trade something in which you no longer have much interest. Second is when prices are down. The reason for this is simple. When coins prices are down or “soft,” the spread between a low grade and a high grade coin is likely to be less than in a hot market. In a trading situation, by far the most important factor is not the price of the coin, but the difference in price between the lower grade and the upper grade coin. For example, as of this writing, with gold near $300 per ounce, MS-64 St. Gauden gold pieces can be purchased for under $500, not even double the price of gold bullion. A year ago, an MS-64 would have cost around $750-800, more than twice the gold bullion price. The same principle hold true for virtually all coins. Ultimately, of course, upgrading means finding a specific coin - which can take some work - but conditions for trading are usually better when prices slump than in a hot market. |