We were pleasantly surprised at the level of activity at the recent ANA World’s Fair of Money in Chicago, especially given the depressed gold prices and previous quarter’s lack of numismatic trading. In fact we had one of our busiest and most successful shows in years!
BUT in general the market remains relatively soft. Prices for most coins, especially type coins are down—in some cases significantly so—from a year ago. There is still a surfeit of gem type coins on the market with the prospect of another $200 million worth of Pogue Collection coins to be sold over the next two years.
So coins that are perceived to be replaceable are hard to sell. Dealers are loaded up with “good values” but with nowhere to go with them. So the wholesale business is relegated to purchases for specific want lists or for coins so cheap dealers have to buy them. Six figure coins are hare to move.
Until last week dealers who primarily deal in bullion have not been active or profitable enough to funnel extra money into rare coins either. Without strong support from the wholesale market prices for most types are down from a year ago. Although this may now be changing due to the stock market plunge and resultant gold jump. Tend to be published by companies that are supported by academic http://pro-essay-writer.com institutions,