Market trends past 70 years

2008 edition of "Coin News" had on the market scene/ auctions....a Henry VIII Angel, the realized price was 4875UK Pounds / they remarked that the owner had originally paid way back in 1953 "10 UK Pounds" So in 55 years that coin appreciated more then inflation. Same coin sold recently for 18950 UK Pounds. What surprises me even more, they have retrieved so much Spanish gold from the 1715 Fleet/ yet the crude 1/2/4/8 Escudos cobs are going for insane prices/ same for those common Athenian "Owls".
Even, the Brutus/ KOSON Staters are becoming $$$. For the most part/ high quality coins are HOT/ esp. the TPG MS-66 and above.

 

Log in or Sign up to hide this ad.

While prices for ancients and just about everything else is shooting up, good buys do show up on occasion.

The Caligula AE as, purchased about two weeks ago, cost me $40. The surfaces are rough and the reverse is off-center, but all things considered, it is a decent coin for the price, though I highly doubt it would appear on an auction catalog cover.

10.25 grams


Of course, it is not nearly as nice as the other example that I have owned for many years, going back to the early 90s.

13.0 grams

 

Coins associated with the 1715 Fleet have always commanded a premium, especially if a coin has an accompanying certificate. I don't buy a coin for the certificate, but many collectors do.

Yes, auction hammer prices for gold cobs and Athenian owls have jumped significantly over the past few years, but I think this is due to a lot of cash flooding into the coin collecting market. I think there will be a ceiling, and a plateau, where prices level off, or at least do not increase at the astronomical rates of our current trends.