| remain the most underpriced, unexploited area of the rare coin market. Though supplies were never large, demand was correspondingly small, and patterns were generally available. That changed suddenly this summer when supply completely dried up. It took six weeks and a 10-20% price increase for patterns to be coaxed back into the market. This is just the beginning. The number of dealers buying and selling pattern coins has increased about ten fold in three years. |
| (Continued from page 1) attractive to collectors. They
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| Following are seven common reasons people sell their coins:
¨ You have an accumulation of “junk” coins you wish to trade better, higher potential coins ¨ Your pile of “junk” coins is too bulky or heavy, and would be more useful converted to cash. ¨ You need cash now. ¨ You are at an age where simplifying or moving your assets into “liquid” is appropriate. ¨ Your coins are down in price and you could use a tax loss to offset income or capital gains. ¨ You have inherited a coin collection which you need to sell or split among the heirs. ¨ You have lost interest in coins. |
| Thinking of Selling Your Coins? |
| Torrid Coin Market (cont’) |
| Pattern Market Explosive (cont’) |
| Customized Numismatic Portfolios |
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silver dollars, and better date higher grade of just about everything. “The beauty of a collector driven market,” remarked one dealer, “is that buyers tend to hold their coins longer, keeping the demand up, and limiting the supply.” The problem is that it is increasingly harder to get the coins that collectors want.” Thus, the current market is ideal for price appreciation of coins, as increasing demand continually pushes against limited supply. With the economy struggling, and losses and low returns dominating traditional investment venues, look for the hot market in coins to continue, and for prices on the higher end coins to continue to rise. Since low end coins are now at a high ebb, it is also an excellent time to trade up to better material.
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| (Continued from page 1) from circulated “junk” to high end coins. Moneyed collectors, undistracted by “dot.com” opportunities in traditional investments, are scramble for rarer, harder to find coins. The $7.6 million purchase of the 1933 St. Gauden is one glaring example of this trend. In the last two years, many coins have increased in price, and most have held their price levels. The level of activity reported by dealers is greater than any they have experienced since the late 1980’s. Among the winners are pattern coins, BU rolls of Washington quarters, Key date
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| Rare Coin Report is written and published by Lawrence D. Goldberg, owner of Customized Numismatic Portfolios (c) October, 2002 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 |
