Why is the Dated Gold Market Holding its Own?
/Rare date gold seems to be “where the action is” in the 2016 coin market and I, for one, am glad I don’t have an inventory full of Gem type coins or other less interesting numismatic items.
Read MoreWhat's Hot, What's Not: The US Rare Gold Coin Market in 2015/2016
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As is tradition at DWN, at the end of every year we summarize our experiences buying and selling choice and rare United States gold coins and attempt to predict what will be the “hot” and “not so hot” areas in the market.
Read MoreWhat do Auction Prices Represent?
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For better or worse, the current market has come to heavily rely on auction prices to determine the value of a wide range of coins. I am often asked: do auction prices represent wholesale or retail? A one word answer: both. The coin market is quite possibly the most transparent market there is in any hobby or collectible. PCGS, NGC, and Heritage provide comprehensive databases for nearly any major issue of United States coin, in a variety of grades. In theory, even an unknowledgeable collector now has access to records which only the most sophisticated dealers and collectors could access as recently as a decade ago.
Read MoreWhat's the "Next Big Thing" in Rare Date Gold? Five Suggestions:
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In the last decade, we have seen a number of Next Big Things in the rare date gold market. We’ve seen New Orleans double eagles and Carson City double eagles. We’ve seen Civil War issues, and we’ve seen No Motto San Francisco eagles. In most cases, we’ve seen big demand spikes and subsequent price increases in these areas. What could be the Next Big Thing and why? Here are five suggestions with explanations.
Read MoreThe San Francisco Gold Coin Market: What's Hot, and What's Not
/I’ve written a lot about the 19th century gold coinage from the San Francisco mint, but it’s been awhile since I’ve discussed the “heat factor” for the various types and denominations from this mint. Clearly, San Francisco gold has gone from “unloved” to “up and coming” in the last few years, but which specific series are hot and which are not? Let’s take a look at each series and let me share my thoughts with you.
Read MoreThe Pogue Quarter Eagles: A Post-Auction Analysis
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The first of the Pogue sessions was held in New York on May 19th and I was excited to attend. The auction was conducted at Sotheby’s and the last time I went to a coin sale on 72nd and York, I saw the record-breaking 1933 $20 take the numismatic world by storm.
Read MoreHow I Became a Coin Collector (...Again)
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Around six months ago, a client and friend emailed me a photo of a very pretty 1838 quarter. He wasn’t soliciting an offer; he knew that I liked the series and would no doubt appreciate the originality of said coin. Without really thinking, I answered him with an inquiry asking if the coin was for sale and if so how much it was. He quoted me a price; I said yes and didn’t give the transaction a second thought.
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