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Proof American Eagle gold coins have provided some sparks in the marketplace this past year, but the fast fall in prices over the past several weeks serves as a reminder that what goes up usually comes down. Some major buyers have stopped buying these and prices have fallen sharply.
For some smaller dealers who were stockpiling the coins in anticipation of continued demand, the change in the market means they have ...
Full Article: Proof bullion prices fall - Coin Values
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Information is a key component in determining an object's value and sometimes a nugget of a coin's history can substantially increase a coin's price.
For example, one could argue that research, suggesting that a 1794 Flowing Hair dollar graded Specimen 66 by Professional Coin Grading Service was the first silver dollar ever struck by the U.S. Mint, strongly boosted the coin's importance to justify the reported ...
Full Article: Information adds value - Coin Values
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The buzz before the American Numismatic Association World's Fair of Money in Boston, Aug. 10 to 14, is fantastic, and enough rarities are being offered in the related auctions to get any collector's blood pumping.
In more than a week of auctions, more than 10,000 lots will be offered, testing the depth of the current market and the reach of collectors and investors to go after top rarities. Three major auctions highlight the week ...
Full Article: 'Buzz' loud before show - Coin Values
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July is traditionally a sleepy month for the coin market, as dealers enjoy a week or two of summer vacation before the juggernaut that is the American Numismatic Association summer convention, set this year Aug. 10 to 14 in Boston.
When counting the pre-show and associated auctions, the ANA World's Fair of Money provides more than a week of intense activity for the market. The introduction of the summer Florida United Numismatists show – this year July 8 to 11 in Orlando – has...
Full Article: Sleepy summertime? - Coin Values
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Sometimes, a weekly column focused on details of the market like this one appearing in Coin World needs to take a step back and discuss the basics.
It seems that the public dialogue about coins has increased recently, bolstered by high precious metal prices and a ready supply of people eager to exchange assets like coins for quick and easy cash.
Unfortunately, as one news story appearing on Page 1 of the July 12 issue of Coin World reveals, many people are choosing to sell their coins to national traveling buyers, often temporarily located at hotels ...
Full Article: Understanding pricing - Coin Values
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Collectors are hungry for genuinely rare coins, whether they be key large cents, deep mirror prooflike Morgan dollars or rare branch Mint Proof coins, and they are willing to spend what it takes to get what they want.
Middle Date Coronet cents, struck 1816 to 1839, historically have been viewed as less "sexy" than the Early Date cents of 1793 to 1814. The second auction of the Dan Holmes Collection, offered for sale on May 30 by ...
Full Article: Hungry for rare coinage - Coin Values
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This column has focused on Proof American Eagle coins several times over the past year, most recently on March 15, because the markets for them move up and down quickly and dramatically, with clear price points to follow.
While dealers' buy prices for the Proof American Eagle gold coins have not quite caught up with the market's recent wholesale height of $2,200 per ounce for Proof American Eagle gold coins in their original boxes ...
Full Article: Weathering the market - Coin Values
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The Professional Coin Grading Service suit against individuals it has named as coin "doctors" or their helpers has several potential outcomes.
For one outcome, it may encourage coin dealers to not "doctor" coins prior to submitting them for grading. For another, it may cause coin doctors to refine their techniques when "doctoring" coins ...
Full Article: Many possible outcomes - Coin Values
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As jittery investors react to global economic troubles, they are heading to gold as a safe haven asset.
On May 12, gold traded as high as $1,245.40 an ounce, based predominantly on an increase in demand, rather than a weakening of the U.S. dollar. The price represented a new record high ...
Full Article: Gold prices set record - Coin Values
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