Thoughts on value trends in US coins

Discussion in 'US Coins Forum' started by Mark Metzger, Sep 22, 2021.

  1. Mark Metzger

    Mark Metzger Well-Known Member

    I’m curious what folks think are the US coin segments which are increasing in value most considerably right now. I feel like there has been a spike in 1921 Morgan dollars with the release of the centennial pieces. I also feel like Buffalo nickels are trending upward across all key and semi key dates. Anyway, I look forward to hearing what people out there think.
     
    OldSilverDollar likes this.
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  3. Treashunt

    Treashunt The Other Frank

    A lot of it is due to the pandemic.

    Folks had nothing else to do, or spend their money on the last year & a half.

    So, they got back into collecting.
     
    Chris Winkler and GoldFinger1969 like this.
  4. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Anything with Carson City -- silver or gold -- is hot.

    Affordable medium-graded gold or silver is attracting buyers. Myself, I like higher graded stuff but the newcomers are buying trophy items in medium grades (i.e., large denomination currency in circulated or mid-50's grades).
     
    daniel a DiBiasio likes this.
  5. tommyc03

    tommyc03 Senior Member

    Anything rare, key and some semi key and anything high grade. Auction results are amazing. I've seem some that were supposed to be in $300.00 range go for $3-4 thousand dollars. Covid has had an impact but other news suggests people are moving their money around differently these days and making other investments outside of stocks, bonds and treasury notes. There has been an overall paradigm shift in the past 1 1/2 years.
     
  6. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Wow...what specific stuff are we talking about there ?
    So baseball cards, NFTs, rare coins, and RobinHood.

    What can go wrong ? :D
     
    OldSilverDollar likes this.
  7. GoldFinger1969

    GoldFinger1969 Well-Known Member

    We need reports that confirm that by bidding numbers and activity at HA and GC....show attendance at Big Shows, Regionals, and Local Shows....etc.

    No doubt many dealers said 2020 was a banner year...revenues up....expenses (no travelling !) down....KA-CHING !! :D
     
  8. Treashunt

    Treashunt The Other Frank


    Agreed, I want to sell!
     
    GoldFinger1969 likes this.
  9. TypeCoin971793

    TypeCoin971793 Just a random guy on the internet

    1921 Peace dollars and generic MS-63/64 Morgans have nearly doubled in value from 2019. Quality early stuff is hot. Generic type coins are hot. D and C gold is hot. Currency is hot, especially $500 and $1000 bills, which have doubled in value as well.

    Dealers are complaining about being wiped out of inventory at shows. That means the wholesale market has been crazy.
     
  10. GDJMSP

    GDJMSP Numismatist Moderator

    After being in a down trend for 12 years, which was the longest bear market US coins have ever seen, the US coin market as a whole finally reached it's bottom in Dec 2019, (the same level it was at in 2003), and in Jan 2020 began moving up. The US coin market as a whole has been moving up ever since then. Not just this coin or that coin, pretty much all coins have been going up in value since Jan 2020.

    And it is pretty much normal and to be expected that after a long bear market, let alone the longest known, that once things start moving up the bandwagon effect kicks in. People are excited, exuberant, thrilled even that after so many years of losses the market is finally going in the direction they want it to go.

    But as you can see in the graphs below -

    https://www.pcgs.com/PCGSMedia/graphs/index2graph.gif


    https://www.pcgs.com/PCGSMedia/graphs/index10graph.gif


    - things are starting to level off just a bit. That is also to be expected. And it would be healthy, a good thing, if the market took a break for a little bit and just held its gains because radical movements in either direction are never good. Slow and steady movement is what is desired in market philosophy.
     
  11. Treashunt

    Treashunt The Other Frank

    yup, slow & steady it the best.
     
  12. GoldFinger1969

    GoldFinger1969 Well-Known Member

    What's D&C ?
     
  13. 1776

    1776 Member

    Mint marks on old gold coins. Pretty specialized collection when you have a few of them
     
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  14. john65999

    john65999 Well-Known Member

    daholgna and charlotte where just gold coins were made (i believe)
     
  15. tommyc03

    tommyc03 Senior Member

    That's what my ex used to tell me. (The rest of you keep your minds out of the gutter);):D
     
    GoldFinger1969 and john65999 like this.
  16. 1865King

    1865King Well-Known Member

    Nice Seated Dollars are hot right now but, that's because people have finally realized how rare they really are. Nice bust coinage and large cents are doing very well. Early US coins are in strong demand but, the key coins are in high demand.

    On the flip side though this gives dealers a chance to get rid of their junk coins to the uninformed collector.

    This could have been caused by the lock downs because of covid but, I think it's only part of it. I think in the last few years many of the big time collectors decided to sell their collections and in doing so it put a lot of very high grade coins in the market. It's not that the average collector has thousands of dollars to spend on coins but, what it does is peaks their interest and they start to think about those coins and may want to acquire examples for themselves. They may not be able to buy the one graded MS 67 version but, possibly the MS 63 version.
     
    longshot likes this.
  17. tommyc03

    tommyc03 Senior Member

    Going through a recent issue of World Coin News and reading about some foreign coins that are going for some amazing prices. Some were from Brazil, others from China. I don't have the issue handy but estimates Vs results can be staggering at times. I don't follow most of the other stuff like trading cards so I can't speak to that.
     
    GoldFinger1969 likes this.
  18. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Don't underestimate the lightning-quick ability to find obscure (world/foreign) coins or suddenly-hot items like Seated Dollars, Large Denomination Bills, Carson City stuff, and even 5-ounce silver commemoratives and National Park stuff honoring Saint-Gaudens.

    In the past, you had to goto an LCS or a local or regional or national coin show.

    Now you can check it out lickety-split from reputable auction firms (HA, GC) and better controls on sites like Ebay. :D
     
    tommyc03 likes this.
  19. GDJMSP

    GDJMSP Numismatist Moderator

    That's nothing new. Values for world coins have been climbing steadily for 18 years in a row now. The world coin market is way overdue for a correction, probably a major correction.
     
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  20. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Depending on what we mean by "world coins" you could be talking about a very limited supply of particular coins which have well-heeled buyers. Hence the 18-year bull market and why they may not come down any time soon.

    I don't know as I am not well-versed in that market.
     
  21. GDJMSP

    GDJMSP Numismatist Moderator

    That's just it, I'm not talking about just a few select coins. When I say world coins I mean non US coins. Coins from pretty much all other countries have been steadily increasing in value for 18 years. Granted I'm not including moderns in that, but gold, silver, copper, even billon - it's all been going up for 18 years. And by several factors, not just small increases. Increases have been between 300-1000% pretty much across the board.
     
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