Smithsonian's Gold Tops $548,600,000
Frank Galikanokus
Some of the world's most valuable rare coins have increased in value by an estimated 25 to
50 percent the past year
JAM
Bremick
"Frank Galikanokus" <FrankGal...@nospam.net> wrote in message
news:4D643A94...@nospam.net...
So have some common coins for that matter, including common "junk silver"
coins. But I doubt that the strength of the bullion market has helped
increase the value of a $15 million rare gold coin as much as the article
implies.
Beanie
"Bremick" <rem...@cox.net> wrote in message
news:ik1mqt$oas$1...@news.eternal-september.org...
To quote the article:
""The increasing value of ultra-rare coins shows the strength of the market for
truly rare, historic U.S. coins, and is also helped more than a little by the
strength of the gold and silver bullion markets and the general weakness of the
U.S. dollar," said David Hall, President of Collectors Universe, Inc. (NASDAQ:
CLCT) of Santa Ana, California."
I have to agree with Mr. Hall about the weak dollar part but if a coin is
already worth $1,000,000.00 or more, the prices of PMs are in no shape, manner
or form in any way responsible for their increasing value.
OTOH
Prices of collector coins at the $2500 and under range have, at least as far as
I can determine, remained flat or have gone down.
The average middle class collector is probably squeezed a bit tight by the
current economic situation.
Many prefer to buy gold and silver bullion or junk silver coins rather than add
to their numismatic holdings.
YMMV
Bremick
"Beanie" <b...@ea.ne> wrote in message news:ik3ipr$4bv$1...@speranza.aioe.org...
I guess I was caught up on the word "some" as in "Some of the world's most
valuable rare coins have increased..." By the same token, some haven't.
Some common coins also have. Some haven't. Not a really big revelation.
I agree, this may be a good time to look for that elusive key or semi-key
minor coin while so many (some?) others are concentrating on bullion
acquisitions. It amazes me how many "collectors" feel entitled to buy these
new Mint-issued 5oz slugs and will pay thousands for the privilege.
Bob-tx
"Bremick" <rem...@cox.net> wrote in message
news:ik3vjm$b3b$1...@news.eternal-september.org...
What's the big deal about Five hundred, forty-eight million, six hundred
thousand dollars?
The Democrats spend more than that by 10:15 AM, and they only come to work
at 10:00 AM.
To them, it's chicken feed.
Bob-tx
Beanie
"Bob-tx" <No Spam no contact> wrote in message
news:4d659d7b$0$4307$bbae...@news.suddenlink.net...
> What's the big deal about Five hundred, forty-eight million, six hundred
> thousand dollars?
> The Democrats spend more than that by 10:15 AM, and they only come to work at
> 10:00 AM.
> To them, it's chicken feed.
> Bob-tx
Whereas Republicans give that much to Wall Street fat cats and bankers before
breakfast....
Beanie
"Bob-tx" <No Spam no contact> wrote in message
news:4d659d7b$0$4307$bbae...@news.suddenlink.net...
> thousand dollars?
> The Democrats spend more than that by 10:15 AM, and they only come to work at
> 10:00 AM.
> To them, it's chicken feed.
> Bob-tx
Whereas Republicans give that much to Wall Street fat cats and bankers before
breakfast....
Bremick
"Bob-tx" <No Spam no contact> wrote in message
news:4d659d7b$0$4307$bbae...@news.suddenlink.net...
>
>
What do Democrats have to do with Mint-issued bullion coins? You seem
trapped in an obsession with your agenda.
Frank Galikanokus
Yep, and the republicans can out spent them before noon.
JAM