It is always challenging to estimate how well coin dealers are doing. Most dealers are small enterprises, many of them composed of ‘Mom and Pop,’ but unlikely to have many employees. Even many of the larger companies such as Heritage, Goldberg, Kagins, SilverTowne and the like are privately held companies whose performance can only be evaluated if auction hammer prices are available
Minor-denomination coins are usually the realm of the specialist. Prices for these areas remain primarily dormant, with some modest reductions in value. Having said that, those same coins that are certified to be at the top of the food chain are showing what I would term “spotty” areas of appreciation, suggesting the major interest in these areas is focused at the top
The glimmers of a more dynamic market ahead for the business of coins continue to peak through the clouds. During January, a copper composition 1943 Lincoln cent sold for $204,000 against an estimate of $170,000 to $200,000. An incorrect estimate of $1
Stocks are down. Coins are stable. Shouldn’t we be celebrating? The price of coins, be they of gold, silver, or other compositions, became one of the few stable commodities or investments during November and December