will coins head? By
COIN VALUES Market Analyst - 10/20/2008
panic! Take a deep breath and enjoy the moment. Then you can
think about the economic turmoil we're all trying to find
our way through.
These are unprecedented times, and there are no rules as
to what the values of coins are going to do during the near
future. A case can be made for overall coin values to fall
with the rest of the economy. Another case can be made to
show that rare coins serve as a safe haven from inflation,
which might send coin values higher.
My guess is that we'll see some of both. For one thing, there's
been a great divergence building in values between high-end
and low-end coins for a given grade. Low-end coins that just
make a grade have been falling in value as compared to those
coins that are solid or strong for a given grade. That trend
Undoubtedly some people will be forced to sell their coveted
coin collections, against their wishes, to take care of other
If you're in a buying position, you might want to study ads
and auctions for coins you have been looking for that haven't
appeared on the market in quite some time. This period could
prove to present great buying opportunities.
Some people forced to sell will work through private dealers
versus auctions. Others may be able to use their coins as
collateral for loans from rare coin finance companies. Major
auction companies also make cash advances available against
consignments, and they lend on some purchases.
Another coin market possibility is that through exposure
of precious metals, the coin market has been given a higher
profile within the overall investment community, creating
increased demand. Several financial specialists appearing
on television have recently said that it might be a good thing
to buy gold coins and "bury them in the backyard."
Coins and precious metals are physical assets that we can
personally control. They obviously are not needed for the
necessities of living (although precious metals can be useful
if the economic situation were to get really bad). And when
life gets back to normal, there will still be a place for