Coin Market

Coin sales brisk despite some market softness

After surveying a number of coin companies ranging from small to large, it seems coins sales are still very solid for the most part. Of the companies surveyed, the majority surprisingly said that they were selling more than average as far as quantity for the first quarter of the year. The overall gross sales were down slightly on average, as some of the higher priced coins are a bit tougher to sell in today’s market. Only a couple of the companies said that their sales were down. Though many say that the coin market is a bit soft right now in certain areas, it seems coins are selling well. The main difference is the coins have to be priced at the right level for today’s coin market. Currently it is tough to sell a coin with a high premium above list price. Though exception do a...

It’s a great time to collect coins!

Coin prices fluctuate, just like the commodities such as gold and silver and the stock market.  Not too long ago, gold was around $1,900 per ounce, and silver nearly hit $50.00 an ounce.  Currently, the dow jones is over 20,000!  While you never know where the market will end up, you can look at historical charts to get an idea if the markets are at low points or high points. Over the last few years, many coin prices have come down in value.  A lot of the price drops have been attributed to the lower price of precious metals such as gold and silver.  Even though the precious metals do not directly affect the prices of coins, they tend to spur the coin market one way or another.  When silver and gold are hot, the coin market many times will heat up as well.  When gold and silver are dwindli...