March, 2005 | Page 1 | Page 2 | Page 3 | Page 4 | Newsletter Index | Home |
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Until the last quarter of 2004, the gold coin market - rare date gold in particular - has been in the doldrums. Prices for some coins had remained static for as long as five years. In last issue I noted increasing interest in gold. That interest has now translated into higher |
prices for key gold coins, for example high relief St. Gaudens, better date $20 Liberties and Saints, and some Charlotte and Delonega gold. Some increase is certainly due to the roughly |
The price of oil seems clearly established above $50 a barrel. The U. S. dollar, after slipping over 30% in 2004 continues slightly downward. Economic growth is adequate, as the Fed holds interest rates to a slow upward trend. This promises continued strength for gold and silver bullion which will likely continue to spur upward pressure on rare coin prices. All these trends are gradual. These economic policies combined with positive political developments in Iraq, Lebanon, Israel and a nascent Palestine, and the rapprochement of the U.S. with Europe, the “big picture” points toward increasing stabilization as economic factors adjust to the post 9-11 reality. This does not say that all is rosy. The complex world in which we live is fraught with dangers and potential pitfalls. A burst in oil |
What do you do if you find yourself owning a large accumulation of coins? Typically, this occurs when a coins are inherited, but often involves a situation where someone has loosely thrown change into large water bottles or boxes. On page two is a partial list of the type of coins likely to appear in accumulations. Each collection |
is different, but certain steps should always be taken in the following order:
1. Sort coins 2. List coins 3. Research and ask questions.
Sorting before listing will save hours and a lot of aggravation. Once that is |
How to handle a COIN ACCUMULATION |
Rare Coins and the Economy
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Coin Market Sparkles Gold Scintillates |
“The best way to make money in rare coins is to think like a collector.” |