The staggering rally in gold is the primary topic of conversation on the bourse floor as of late as most dealers are curious to see just how high gold goes before we witness a tangible price correction. While prices of Generic Gold coins such as $20 saints and liberties have risen in price in all grade levels since gold’s recent run, the advances haven’t been very strong when compared to price increases during past rallies in the price of spot gold. All-in-all it appears that solid values may still be abound in the Generic Gold market if one is savvy and selective.
Another topic on everyone’s mind is the number of shows that major coin dealers are expected to attend. All told there are now more than 15 “major” coin shows each year all advertising and positioning themselves as “must-attend” national shows. Factor in the grading services’ recent decision to restart doing multiple dealer-only coin shows a year and a dealer who wants to “do it all” should expect to do upwards of 25 coin shows/yr. Amazingly enough In the last five weeks Carter Numismatics has conducted business at four different large coin shows. Despite all of these shows local coin dealers we’ve spoken to from all over the country have noticed an increase of dealer traffic in their shops. The fact to be gathered from all of this increased dealer travel is that NICE, HIGH-QUALITY COINS ARE IN HIGH DEMAND. Truly original coins are commanding tremendous prices in the current market and many dealers are being forced to either buy less at shows or spend the same amount as in years past but buy coins that for the most part are of inferior quality.
Luckily at Carter Numismatics we’ve been able to cover enough ground to continue offering virtually the same amount of quality coins as we always have, although we’ve had to work even harder as of late! Please take a gander at our newly listed coins on the featured items page of our website where we regularly list some of our most interesting finds!
