European Coin Market Explodes By
Tom Michael, Market Update
July 22, 2008
nearly 20 years of a very constant and steady coin market,
we are finally experiencing a vast explosion in values for
many classic issues. The driving forces of rising bullion
prices and falling U.S. Dollar value have conspired to give
us a burgeoning coin market for the best material available.
As always, the higher the grade the more significant the increase.
Take a look at some current coin auctions and compare them
to prices realized for the same types just a few years ago.
You'll find the results very interesting, at least I have.
Over the first seven months of 2008 I have been busy doing
just that as we work our way through the updating process
for the new Standard Catalog of World Coins 1601-1700 4th
For the last month or two I have been researching values
for German States coinage of the 1601-1700 period. It's quite
fascinating actually. With few exceptions the values provided
in our third edition, published in 2003 have remained viable
right up until about 2007. But for the last year and a half
most everything, except the most common types have been on
the rise. Minor coins have seen respectable increases, Talers
have been driven up considerably and Ducats and other gold
types have jumped substantially.
In many cases I find myself doubling prices on some of the
Ducats and Talers. In some instances I am having to quote
auction prices. An excellent example arose while I was researching
Breslau. The recent June 2008 Fritz Rudolf Kunker Munzenhandlung
Auction 140 offered a pair of 1620 gold coins of Breslau,
graced with Freidrich V of Pflaz. Both the Ducat and 2 Ducat
pieces were offered and each realized just over $17,000, well
above the former SCWC values, making an auction quote a very
viable option for the Winter King.
It's a golden age for German States, as well as many other
European countries. There is strong competition for scarce
coins in high grade and buyers are seeing nothing but upside
potential. New money has met old money and they are getting