Welcome back to Something About Coins! Today's theme is about coin investments. Below are several stories covering coin values, strategies, sources, modern coins, and old coins. The first article involves the 2010 Platinum American Eagle proofs and the second describes recent coin auction values. The third is about what dealers use to determine values and then there is more. Enjoy!
2010 American Platinum Eagle Values Shine, CoinNews.net
The 2010 Proof American Platinum Eagle Coin was released from the United States Mint nearly two months ago to this day, on August 12, 2010. Like its immediate 2009 predecessor, collectors quickly snapped up the allotted mintage. In fact, both coins were available for barely more than a week before new orders were placed on a standby only list — processed only if an older order was canceled. The official 2010 Platinum Eagle sold out notice was declared August 23, 2010. Those quick sell-outs were not terribly surprising given their surrounding ... Click for coin article
Rare coins at auction, CoinValuesOnline.com
While many dealers continue to grumble about weak bourse action at the recently finished back-to-back Long Beach, Calif., and Philadelphia coin shows, in which a review of the dealer bourse lists seem to show a clear bifurcation between West and East coast dealers, the market continues to be robust in the auction sector. In the official Heritage Auction Galleries Long Beach sale, the top lot was an Extremely Fine 45+ 1856-O Coronet gold $20 double eagle that surfaced in Ohio and was the cover story of the July 26 Coin World. It brought ... Click for coin article
What's It Worth? How dealers determine the value of a Rare Coin, CoinLink.com
How are rare coin prices determined? Often the question dealers will ask is: "I know what Greysheet (Coin Dealer Newsletter bid) is, but what can I ‘really' get for it?" In this month's Rare Coin Market Report, I will explain how I determine the value of an individual coin. Most often I will use a variety of different pricing sources to determine the value of a coin. The most utilized source of rare coin pricing information among dealers are the variety of Coin Dealer Newsletter publications including Greysheet, Bluesheet, Monthly Summary, and the ... Click for coin article
Old coins worth a mint, smh.com.au
The managing director of Coinworks in Melbourne, Belinda Downie, has been involved in the rare-coin industry for 38 years. Among her career highlights have been placing the top three examples of Australia's first gold coin, the 1852 Adelaide Pound, and the sale of a Proof 1930 Penny for a record $620,000 in 2005. This was claimed as the world's most expensive copper coin but may not be for much longer. She has another Proof 1930 Penny for sale (currently under negotiation), this one from the celebrated collection of A.M. Le Souef ... Click for coin article
Krause Publishes Coin Investment Book, NumisMaster.com
Investors looking to broaden their retirement portfolios beyond stocks and bonds will learn details of an intriguing market in Rare Coin Investing, a new book from Krause Publications. Studies show that the same amount of money invested in the stock market and in rare coins can result in a better return with the rare coins approach. Plus, it doesn't take thousands of dollars or finding the rarest of the rare coins to see a profitable return on an investment. For as little as $100 per coin, investors can start building a portfolio ... Click for coin article
Sedwick Auction To Feature Shipwreck Treasure, Gold Cobs and World Coins, CoinLink.com
Daniel Frank Sedwick, LLC announces the release of their Treasure and World Coin Auction #8, scheduled for October 21-23, 2010, comprising 2789 lots, by far their largest sale to date. For the first time Sedwick has incorporated "World Coins" into the title, as the auction features almost 1000 lots of general world coins. As usual the auction will start with Gold Cobs, more than 50 of them this time (mostly from shipwrecks), including several of the finest known 1715-Fleet specimens: a full-date and exceptionally struck Mexican ... Click for coin article
Thanks for reading!
