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| tion about individual coins. Some individual coins, of high value should be certified by PCGS or NGC. However, grading costs about $30 per coin. These costs can add up. If used inappropriately they can significantly reduce your overall value. Consult a PCGS/NGC authorized dealer about which coins to grade. Probate professionals sometimes need a full collection evaluation. Most appraisers charge about $150 per |
| (Continued from page 1) done, you are in a position to ask question about your accumulation. In researching an accumulation, many people use the “Red Book” or the “Blue Book.” While these can often point toward individual coins of value, prices in those annual publications rarely reflect the true market value of yours coins. I often find coins that are rare date, but because of damage, corrosion, rim nicks, or excessive wear are worth a small fraction of “book” value. NEVER be afraid to ask for clarifica
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| Following are seven common reasons people sell their coins:
¨ You have “junk” coins you wish to trade for rarities. ¨ Your coin accumulation is heavy, bulky, and you wish to consolidate it or turn it to cash. ¨ You need cash. ¨ Your age or condition requires simplifying your assets and making them liquid. ¨ You overpaid for coins that now are static, and you could use a tax loss. ¨ You inherited a coin collection you need to sell or split among the heirs. ¨ You have lost interest in coins. |
| Thinking of Selling Your Coins? |
| Coin Demand Increases (cont’) |
| Organizing Coin Collections (cont’) |
| Customized Numismatic Portfolios |
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punctuated by periods of market softness as investors move their funds in and out. Furthermore, a rising market of this nature presents superb buying opportunities as higher prices entice more desirable coins into the market. While prices are rising, they are still low enough to accommodate the most competitive buyer. Combined with increasing demand from buyers and a long stagnant market, the bull market in rare date gold promises to be sustained, just like the sustained bull market now occurring in the overall coin market.
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| (Continued from page 1) 35% gold price in 2004. A long stagnant market like rare date gold might just capitalize on such a “kick-start” and continue rising. Given the history of rare date gold, this is more likely than not. Increasing demand should produce desirable sell prices for gold coins. Now is the time to review your portfolio, grade coins as necessary, and prepare for sale by watching the market regularly. Because demand for gold coins of all kinds brings investment as well as collector dollars into the market, the gold coin price rise could be strong. However, because investment dollars are involved, watch for price spurts
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| Rare Coin Report is written and published by Lawrence D. Goldberg, owner of Customized Numismatic Portfolios (c) March, 2005 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 |
