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2016 enthusiasm for British QUALITY coins, NO weakening, the demand is increasing
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<p>[QUOTE="1934 Wreath Crown, post: 2402186, member: 76965"]I am basing my opinion on auction figures achieved for coins of different countries. It could well be that the Mexican coin prices (being a neighbouring country), are driven by US collectors who are accustomed to paying exorbitant prices.</p><p><br /></p><p>I have bid on UK coins at American auction houses and have bought some very rare and collectable sovereigns like the 1841 Victoria, 1859 Ansell and 1923 South Africa proof sovereign at 40-70% less than prices achieved/listed at other sites including eBay.</p><p><br /></p><p>Personally, I do not think many US collectors either know enough about the rarity/collectability of or are all that much interested in UK coins YET. Once we have more US collectors seriously interested in UK coinage, I can see a 50-100% increase in their values in UK coins.</p><p><br /></p><p>If we go by US standards then any UK coin, which has only a few known surviving examples world wide, should command a price of several tens of thousands if not hundreds of thousands of $$$. This definitely not the case just yet.</p><p><br /></p><p>Also if you look at QE II UK proof sovereigns, most of them list/sell for just a tad above the gold spot prices. Say $20-50 per sovereign depending on mintage numbers (except the 1989 which is a 500th Anniversary issue 1993, 2002 and 2012).</p><p><br /></p><p>Lastly, I admit I am but a novice collector so you may disregard my opinion altogether. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="1934 Wreath Crown, post: 2402186, member: 76965"]I am basing my opinion on auction figures achieved for coins of different countries. It could well be that the Mexican coin prices (being a neighbouring country), are driven by US collectors who are accustomed to paying exorbitant prices. I have bid on UK coins at American auction houses and have bought some very rare and collectable sovereigns like the 1841 Victoria, 1859 Ansell and 1923 South Africa proof sovereign at 40-70% less than prices achieved/listed at other sites including eBay. Personally, I do not think many US collectors either know enough about the rarity/collectability of or are all that much interested in UK coins YET. Once we have more US collectors seriously interested in UK coinage, I can see a 50-100% increase in their values in UK coins. If we go by US standards then any UK coin, which has only a few known surviving examples world wide, should command a price of several tens of thousands if not hundreds of thousands of $$$. This definitely not the case just yet. Also if you look at QE II UK proof sovereigns, most of them list/sell for just a tad above the gold spot prices. Say $20-50 per sovereign depending on mintage numbers (except the 1989 which is a 500th Anniversary issue 1993, 2002 and 2012). Lastly, I admit I am but a novice collector so you may disregard my opinion altogether. :)[/QUOTE]
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2016 enthusiasm for British QUALITY coins, NO weakening, the demand is increasing
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