Is it just me that coin prices seem to be going up and up?

Prices going up is only a good thing if you're planning to sell. If you're buying it doesn't help you any. While I may sell my coins someday, I don't have any plans to do so now, so having to pay more for them is not a good thing for me.

 

Log in or Sign up to hide this ad.

From 1980 through 2010, prices have risen, stabilized risen, and dropped. If you don't believe me, look at the price that it would cost to assemble the 95 type coins (copper, clad and silver) that make up the Red Book types (remember that the dated 1981 reflects 1980 prices).

Since 2011 probably have risen somewhat (I don't have hard statistics on these since the 2012 Red Book did not list type coin pricing—and I haven’t seen the 2013 Red Book yet).

As proof, the graph below shows relative pricing of an 85-coin type set (excludes chain cent, 1796 quarter and 1797/97 half dollar and clad coins—as to why, see “Pricing Relationships of United States Type Coinage”, The American Journal of Numismatics Second Series, 23, 257 – 263 (2011) which gives the reasoning behind the graph)

So, for the short term, will coins increase in price, decrease in price or ?

The diamonds show relative prices compared to the 1981 Red Book prices, CPI is the Consumer Price Index (use the left vertical axis for values. The S&P500 (use the right vertical axis) is the Standards & Poors index of the 500 largest companies listed on the (various) stock markets.

 

So coins have gone up 340% (about 3.4 times) and the SP 1700% (about 17 times)?

 

It's sad, but for non-keydate US coins that's probably an accurate statement. Especially for coins in VF or lower grade. The local coin store has all sorts of circulated 19th century coins in their case that sit there for years at a time, no one wants them even though the prices on the 2x2 have not been updated in 18 years etc etc.

 

since the recession started coins and bullion have gone on a steady rise in value as people look to a more profitable return than the stock market..............

 

People have invested in PM primarily for diversification and investing in asset with less risk due to poor return rates with CDs and bonbs PMs have become most attractive alternative not as alternative investment to equities. For those who invested in PMs expecting such return we have seen how well last 2 years have panned out.

 

I suspect most investors in precious metals are more concerned with return OF principle than they are return ON principle. Which is a good thing, since any rise in interest rates will make precious metals much less attractive to anyone concerned about a return on their investment.

 

I've noticed that people are paying way more than the silver value for silver world coins. Take a coin like a British 3 pence or Australian 3 pence. Hardly any silver in it, but you'll see 4-5 bids pushing it up to $2-3 or more.

 

Lower auction prices often bring in slew of inexperienced collectors who are simply bidding for heck of it or getting started without reading up on the details to how much silver is in the coin.

 

Hello

And the silver collectables? The charges are out of hand.

Amanda

 

Early 2011 Silver was around £21/22 an ounce
From the Official Mint website, 2011 Proof Silver Britannia 1oz - £67.50 ($110)


Early 2012 Silver is £19 an ounce.
From the Official Mint website, 2012 Proof Silver Britannia 1oz - £92.50 ($150)


Silver decreased in value yet the cost of the coin increased by £25 ($40)




This is a coin I collect every year, however no longer at these prices. It's not that I can't afford it, it's just way too inflated.

 

Worst, those Mexican coins with 10% silver. The Ebay sellers are merciless scamming buyers into buying these junk "real silver" coins.

 

Every time I see / hear Voyager mentioned, I think of Star Trek: The Motion Picture and envision Voyager returning as a monstrous super computer! LOL

 

Yeah, the 1 pesos from the late 50s/early 60s. They are really big so they look like they have a lot of silver, but they don't. Fortunately I already have the ones I need for my collection. I'm trying to collect the 10 and 20 centavos though, and I have to beat off silver collectors to get those.

 

Hello

The cost of Cents is rising.

Amanda