For the first time in four years, there has absolutely been no change in price for collectible coin mint sets with prices holding strong and firm for three weeks, according to new market analysis.
The report in Numismatic News also says that the markets are doing "amazingly well", despite ongoing global economic woes.
The good news follows a number of strong numismatic sales in recent months, including Heritage's Long Beach coin auction in June which netted a total of $9.88m in sales and a 95% sell-through rate. Later, in July, its Florida auction achieved a $7.4m sales total, with a 94% sell-though rate.
 This 1867 5C Rays PR65 Cameo |
"The enthusiasm in the current numismatic marketplace is there at all levels," said Greg Rohan, President of Heritage Auctions, at the time. "Gold is the market's hottest investment."
However, although Numismatic News says the "overall market tone is quiet and generally strong," it advises sellers to be cautious "because quotes on the buy side will be somewhat defensive."
Elsewhere, "silver dollars, the 1880-CC, 1885-CC, 1890-CC, 1891-CC and 1893-CC have all moved up in various grades of mint state," writes expert Harry Miller in the report.
The markets are apparently doing as well as experts predicted. Echoing Rohan's sentiments, Ian Goldbart, Managing Director of Baldwin's, also highlighted the strength of gold coins in his exclusive interview with Paul Fraser Collectibles, back in February.
"Whilst you can still obtain virtually mint state gold coins that are 1,000 years old for the low hundreds of pounds, I believe there remain plenty of opportunities for those who are prepared to take a medium or preferably, long term view. In addition, the beauty of coins is that you don't have to have a deep pocket to start collecting" - Ian Goldbart, Managing Director of Baldwin's
At the start of 2010's second half, coins are continuing to prove themselves as a viable and solid investment. And, with coin price histories showing accumulated gains of anything from 90% to 200% over eight years, maybe it's time you considered getting involved.
For more evidence of the viability of coins as an investment, the Baldwin's Coin Index - charting coin value appreciations from 1996-2010 - can be found here.
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