a great article what's hot? and what's not??????????????????

[michael]

 

 

 

 

 

Beyond the Hype…

Which Areas Are Truly Hot and Which Are Not

 

 

 

 

 

Beyond the Hype… The past two years have been exceptionally active for coin dealers. The market is strong and shows few signs of weakness. Special and exceptionally rare coins are bringing wonderful prices, and some areas of the market have experienced significant price appreciation. What you don’t often read about, however, is that more areas than not haven’t experienced price increases at all. And this is a good thing for collectors interested in accumulating scarce coins at good values. Below we discuss which type of material is appropriate to sell right now, and which is still ripe for the picking.

 

Their Bubbles May Burst

 

“Is this the right time to sell?” This is the million dollar question in a good market. We cost ourselves business by usually saying “not really.” There are plenty of good reasons to sell right now, if you want to. Maybe you are in a profit position. Maybe you are finished with a collection and are eager to begin anew with a different series. Maybe you simply have other financial priorities or obligations. But overall, we like the potential of this market, although there are exceptions:

Pop Tops in 20th century series:These seem to be perfect auction candidates right now. Also, there is always a risk that more coins will be graded, causing these coins to lose value. For example, a 1938 10c PCGS PR68 sold in a February auction for $32,200. We sold one of the other four for less than a quarter of the price to a good client of ours four months ago. With PCGS having graded 177 PR67s, we think the chances are high some of these will eventually squeak into PR68 holders in the future. And, even if they don’t, that price has seemingly little room for appreciation.

Mint State Red Lincolns: We remember selling a lot of finest known Lincoln cents in the early to mid 90s, and thinking how undervalued they were. Apparently, we were right! Prices on these have skyrocketed. And although this area remains extremely popular with collectors, we have to assume that many of them are becoming priced out of the series. In other words, we see little upside here.

Indian Head Quarter Eagles:This series has seen tremendous gains in the past five years due to a superbly managed promotion. If you bought nice Indian Head quarter eagles a few years back and can make a profit, we would suggest selling into a market that seems fully valued to us.

Overlooked and Undervalued

 

Lots of coins really haven’t seen much, if any, price increase: Capped Bust, Seated, and Barber coinage, Proof Trade Dollars, Silver Commemoratives…the list goes on. Below are some areas which we believe currently present the best value:

Matte Proof Lincoln Cents and Buffalo Nickels: The matte proofs (1909-1916 for the Cents and 1913-1916 for the Buffaloes) have been overshadowed recently by popularity in the 1936-1942 Proof issues. When compared with business strikes, prices on the Matte Proof Lincolns seem even more ridiculously cheap.

Most Nickel Coinage: Business strike and Proof Three Cent Nickels and Shield Nickels, as well as Proof Liberty Nickels all offer outstanding value right now.

Peace Dollars: The Morgan series caught fire and then burnt out last year. Peace Dollars have remained cool, and we love the opportunity here.

No Motto Liberty Seated Dimes, Quarters and Half Dollars: Did you know that for less than $5,000 you can buy numerous dates in these series that are close to or actually in the Condition Census? We highly recommend MS63 to MS65 Seated coinage with nice original color and surfaces. We especially like the scarcer New Orleans issues.

Three Dollar Gold Pieces: We refer to these enigmatic issues as the "rare date gold coin for people who don't like rare date gold coins." They have a great story, low mintage figures and are extremely collectible. The issues we like best are the Civil War dates from 1861 to 1865 and the issues that have mintage figures of 2,000 and below.

New Orleans Gold: Unlike Charlotte and Dahlonega coinage, the gold produced at the New Orleans mint was used in commerce and, as a result, very little has survived in high grades. And unlike Charlotte or Dahlonega gold, not as many New Orleans pieces have been "dipped and stripped." We like high quality quarter eagles and No Motto half and eagles from this mint

Indian Eagles: This is one of the most attractively designed of all United States gold issues. If you can find the better dates with a minimum of marks and abrasions, they should perform well over the long haul.

So although it is easier to describe the whole market as “red hot,” all rare coins do not perform in unison. This is a positive situation for the shrewd collector willing to focus their attention on out of favor issues.

 

this was on the www.pinnacle-rarities.com website with many other interesting articles

[Bruceswar]

that is a great read on the market.... but for me I am only buying really... so selling is not an option.... I am a collector ... not an investor.. even though I like to make my money go as far as possible... If I find a coin that is a great deal.. I usally buy it for my collection...

[michael]

[EZ_E]

Mike, I read that article before. I think that it was published in one of the coin periodicals. Thanks for the post!

[michael]

thanks victor

 

how is caleb the senior numismatist doing??

[EZ_E]

thanks victor

 

how is caleb the senior numismatist doing??

 

He's good but is considering applying for a position at NCS in the conservation department. Caleb claims that with that humongous tongue of his, he can conserve a half dozen coins in one lick! Anyway, that is his claim and he's sticking with it!

 

 

 

p.s. Arch, we need a tail wagging doggy emotioncon!!!

[michael]

 

 

[spy88]

Gee, ain't it grand that they covered almost everything but Jeffersons? What is it with these guys? Ignore them and maybe they'll go away? Not mention them for fear of stating the truth...that they also are going up in value and may be a good time to buy or sell?