Collectors Looking For Quality Coins
U.S. Mint products and bullion value related coins have finally caught the attention of the general public as the stock market has its usual sluggish ups and downs. There is still the fear of future interest rate hikes to be imposed by The Federal Reserve Bank. Whether this fear is unfounded has yet to be determined.
The market for better date coins sought by collectors rather than speculators continues to improve. However, quality coins is the key word in every collector or speculator's search. Lower condition scarce and rare coins aren't exactly flying off the shelves.
Certified coins in the upper end of their encapsulated populations are selling in a range of prices that makes it difficult to determine a single figure as being the true value for any coin in that particular grade. In general, the overall coin market seems to be healthier than it has been in a long time.
The coin market still has a long ways to go. It is hoped that some of the bullion coin speculators will start to take an interest in collectible coins and scarce rare coins as well. If you have been speculating in copper cents, there is bad news awaiting you.
While precious metals have rallied over the recent weeks, copper has remained in the doldrums. Platinum is more of a surprise, as it considered to be more of an industrial metal than a coinage one. Where is the overall market headed? It looks to be straight up. There is significant health in the value of scarce to rare coins.
Although the performance of this market sector continues to be rather selective. More common collectible gold and silver coins have increased in value partially due to collector demand and partially due to the increase in the value of their metal content. Bullion coins are following the significant appreciation in the precious metals rally.
While the Mint products are starting to catch on with the public. they continue to follow their poor historical performance once these products hit the secondary market.
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