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2016 enthusiasm for British QUALITY coins, NO weakening, the demand is increasing
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<p>[QUOTE="World Colonial, post: 2402382, member: 78153"]I believe a large number of US collectors (in absolute terms) have a general awareness of British coinage and I also consider it one of the most widely collected outside its "home country" along with ancient Greek and Roman, Judaica and Spanish colonials.</p><p><br /></p><p>The main point I was trying to convey is that if you compare UK coins to others which are considered numismatically comparable, approximately equally scarce and of approximate equal quality, my experience indicates they cost more or a lot more than most others, including those from Mexico. As an example, Victoria Young Head crowns are certainly more expensive than most Cap & Ray 8R and for comparable dates, likely more common in equivalent quality. Of course, there are going to be some "sleepers" but not in the most popular issues.</p><p><br /></p><p>UK coins I have noticed which appear to be cheap for their scarcity include those I believe are called "proofs of record". These are rare but there are too many date/denomination combinations and there isn't any reason to expect every rare coin to sell for a high price.</p><p><br /></p><p>I know some sovereign and British Commonwealth collectors buy the 1923 South Africa proof sovereign but in my opinion it is one of the most overpriced coins in the entire Union series and not scarce at all for a subsidiary mint. I don't know how many of the 655 reportedly minted still exist but at about $5000 for a PR-64, it isn't remotely cheap and I certainly would not buy it for financial reasons.</p><p><br /></p><p>Ironically to most but because British coins are among the most common aside from the US, I can see the price level increasing substantially if it becomes more popular stateside, but I don't ever see the day it will approach or match the US price level.</p><p><br /></p><p>I don't see this for any other market either, only for coins in isolation. To use a similar theme, I expect many US collectors believe Latin coinage is destined to explode because of future demand both here and in Latin America. I believe those who think so are mostly destined to be disappointed because the disproportionate excessive scarcity of the coins most collectors prefer will limit the collector base. There is little or almost nothing to buy from the most preferred series and no one can buy what doesn't exist.[/QUOTE]</p><p><br /></p>
[QUOTE="World Colonial, post: 2402382, member: 78153"]I believe a large number of US collectors (in absolute terms) have a general awareness of British coinage and I also consider it one of the most widely collected outside its "home country" along with ancient Greek and Roman, Judaica and Spanish colonials. The main point I was trying to convey is that if you compare UK coins to others which are considered numismatically comparable, approximately equally scarce and of approximate equal quality, my experience indicates they cost more or a lot more than most others, including those from Mexico. As an example, Victoria Young Head crowns are certainly more expensive than most Cap & Ray 8R and for comparable dates, likely more common in equivalent quality. Of course, there are going to be some "sleepers" but not in the most popular issues. UK coins I have noticed which appear to be cheap for their scarcity include those I believe are called "proofs of record". These are rare but there are too many date/denomination combinations and there isn't any reason to expect every rare coin to sell for a high price. I know some sovereign and British Commonwealth collectors buy the 1923 South Africa proof sovereign but in my opinion it is one of the most overpriced coins in the entire Union series and not scarce at all for a subsidiary mint. I don't know how many of the 655 reportedly minted still exist but at about $5000 for a PR-64, it isn't remotely cheap and I certainly would not buy it for financial reasons. Ironically to most but because British coins are among the most common aside from the US, I can see the price level increasing substantially if it becomes more popular stateside, but I don't ever see the day it will approach or match the US price level. I don't see this for any other market either, only for coins in isolation. To use a similar theme, I expect many US collectors believe Latin coinage is destined to explode because of future demand both here and in Latin America. I believe those who think so are mostly destined to be disappointed because the disproportionate excessive scarcity of the coins most collectors prefer will limit the collector base. There is little or almost nothing to buy from the most preferred series and no one can buy what doesn't exist.[/QUOTE]
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2016 enthusiasm for British QUALITY coins, NO weakening, the demand is increasing
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