![]() ![]() John Feigenbaum, publisher of Coin Dealer Newsletter, a well-known industry price guide, told MarketWatch that the hobby can teach us about history and culture, especially since so many prominent individuals - from presidents to poets - have appeared on coins. Some suggest there’s a value to collecting coins that goes beyond any potential financial gain. Golino also cited examples of once-hot coins that now “sell for a fraction” of their former prices. “Things did not end well,” he wrote in a story for CoinWeek, an industry publication. ![]() Louis Golino, a veteran observer of the coin market, has pointed out that the ‘80s saw a surge followed by a bust. But some also warn that, much as with the stock market, it’s hard to say if the growth will go on forever. Right now, most categories are seeing prices increase, experts note. ““If you buy world coins, you understand how civilization developed.” ” - Coin expert John Feigenbaum Newer issues, such as the gold and silver ones from the U.S. coins remain the most popular, but there are also those who seek out foreign coins - Foley said Chinese coins have become popular of late - and also ancient coins. “You can keep them in a shoe box,” he said.īut what coins should you be collecting, especially if you’re thinking in terms of an investment strategy? Experts will note the numismatic market is a broad one, with collectors specializing in any one of several categories. Kendrella also points out that coins are a relatively fuss-free asset to store, especially in comparison to, say, collectible cars or fine wines. Or put another way: The paper that goes into even the most valuable of comic books is worth nothing, but the gold or silver in coins always has a definable meld value. In fact, the convention, which focuses heavily on foreign coins, is marking its 50th anniversary, itself proof of the field’s ongoing appeal.Īnother key advantage coins offer is that they are often made from gold and silver - in effect, they are intrinsically tied to precious metals, the tangible assets that many people hold near and dear. ![]() “The numismatic field has long been popular,” said Kevin Foley, an executive with the NY International Numismatic Convention, an annual event that’s currently running in the city. Others will picture Wilma Mankiller, Nina Otero-Warren, Anna May Wong and Sally Ride. ![]() Mint has begun shipping quarters featuring poet Maya Angelou (lower right). Kendrella said that interest in coins is coming from everywhere, be it new collectors or those “who have been dormant and are joining the market again.” He also says his company has been behind some significant sales in recent years, including a $4 million-plus one for a 1913 Liberty Head U.S. Brian Kendrella, president of Stack’s Bowers Galleries, one of the most prominent dealers in the U.S., says his sales surged by 100% in 2021. Private dealers also report that business has been brisk. “Since then, the prices realized for high-grade rarities…have been at highs never before seen, or even dreamed of,” he said. coin, billed as the “holy grail of coins,” sold for $18.9 million at Sotheby’s, with the auction house saying the price nearly doubled the world-record mark for a coin.ĭavid Tripp, a special coin consultant to Sotheby’s, told MarketWatch that the Double Eagle sale “seems to have acted as catalyst” for the industry. Indeed, in 2021, a 1933 Double Eagle gold U.S. By many accounts, the coin (or numismatic) market has seen tremendous growth since the start of the pandemic, both in terms of number of sales and in the prices for sought-after items. ![]()
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