Hello
all, and happy 4th of July. Anyone who's been involved
as an investor or collector in numismatics and bullion that
has kept abreast of the real market, as well as taking the actions
required to make adjustments and changes to their holdings are
pretty happy these days We are seeing a continuance of growth
in the size of the foundation of interested investors and collectors
(BUYERS) which is having an impact in almost all areas of coins
and if you aren't watching closely, or aren't getting real time,
reality based information, you're missing out on what could
become the longest sustained growth the coin business has ever
seen. Information from qualified sources is key.
We at US Rare Coin Investments
have been in this business professionally since 1979, and along
with our associates, are privy to literally hundreds of millions
of dollars a year in business being done. (really) We also have
developed and maintain close working relationships with professionals
not only in the coin/metals business but in so many other pertinent
sectors of the economy from real estate, stocks and commodities
to retail, medical and other professions that we represent a
vast network of information that you can benefit yourself and
families by being plugged in. An astute investor/client/dealer
remarked to the writer a few weeks ago "guys like me are looking
for guys like you to do business with, but how do we find guys
like you?" This has prompted me to start writing in earnest
as well as partner with a number of other professionals in getting
this information disseminated to as many people as possible
to which this is the first of many in formatives and reports
you will start to see on a consistent basis, so do sign up at
the appropriate place to receive it so you're not left behind.
Due to space and time limitations,
the reports you see here will although be specific in nature,
are broad based in scope and in-depth analysis, opinions, feedback
etc will be available to only those who sign up separately and
individually.
The Numismatics/metals
arena is forging ahead. Here are a few updates that are important:
Dated
St Gaudens: Week after week, month after month it remains
clear that either these coins do not exist, or there is so much
demand that the few better coins are bought quietly, over the
phone or in hotel rooms at the major shows so that the "lookers
and shoppers" don't even get offered these coins or when they
do get offered, it's usually from 3rd or 4th tier salesman or
dealers who are so far out of the loop (and price/grade reality)
that their buried at 50% over the reality of the market before
they see even money on their investments. Case in point, we
were offered a better date early "S" mint coin, considered to
be one of the great rarities in the series a couple weeks ago
to which we passed on, and we've since seen the same coin in
a still higher grade holder at over 100% more than what we could
have bought the coin at and passed! Be careful!
Early
(pre-1838) gold: The small collection of these great
coins we mentioned a couple of weeks ago have already been dispersed
and never saw the light of day except for one coin we personally
handled and watched re-appear where it is now being offered
by a firm for a significant premium. A close and personal source
is offering us a collection of early eagles and half eagles
to which we have possession of and we will hopefully be making
an acceptable offer to the owner of these soon. Besides this
collection, we are unaware of any fresh material in this area,
anywhere.
Commems:
Our positions on these are clear. These coins are cheap. Too
cheap. Such a good value that we are personally involved in
numerous positions for specific coins in specific grades and
in our opinion, and yes we put our money where our mouth is,
represent one of the best buys in the entire industry. Remember,
we are not bullish across the board. Nor are the contacts we
know. There are specific coins that in our opinion are the equivalent
of buying gold at 32.00 an ounce.
Silver
Dollars: Always have and always will have a large following.
The base of interest in these coins, particularly from people
who are interested in completing sets of Morgan's and Peace
dollars as well as "sub sets" of these coins is increasing.
Premium quality business strikes as well as Proofs are getting
hard to find and investors are starting to get really serious
about adding these coins to longer-term portfolios. Bust and
Flowing hair dollars which have seen quite a nice run the last
couple years are starting to appear for sale in the market.
It's the investor/collector who are selling who in our opinion
are selling too soon.
Patterns:
A few seasoned and knowledgeable very deep pocketed collectors
have come into this market in the last few weeks and are buying!
This caught us off guard. They are selling their more common
holdings (a significant quantity) and are buying or looking
to buy some of the blockbusters that are rarely seen. Watch
the whipsaw here.
Metals:
Wow what an active market this is. Prices are a little lower
this week, could represent a real buying opportunity. Most people
in the know are looking at buying in quantities. Considering
the increasing debt as well as a weak dollar, coupled with the
Chinese who are buying gold in a big way, this area should remain
bullish for quite some time. This will create an even larger
base of new investors in Numismatics as time goes on.
That's the way we see it
from here.
Cordially,
Thomas M. Pilitowski
U.S. Rare Coin Investments
P.O. Box 496607
Port Charlotte, Florida 33949 Tel: 941-629-4765 Fax: 941-629-6532 Phone: 1-941-291-2156 Email:thecoinguy1955@yahoo.com
