Collectible coins are rather soft, but rare coins are relatively strong.

Although it is likely that the majority of readers of Numismatic News are collectors rather than speculators, it is difficult to escape notice the recent surge in the spot price of gold and the following increase in the intrinsic worth of gold coins as a result of the conflict in the Middle East.

In the year 2022, the United States Mint sold a total of 850,000 gold American Eagle coins, including 75,000 half-ounce coins, 140,000 quarter-ounce coins, and 575,000 one-tenth-ounce coins

There were 772,000 one-ounce gold American Eagles sold by the Mint during the first three quarters of 2023, along with 88,000 half-ounces, 164,000 quarter-ounces, and 575,000 one-tenth-ounce gold American Eagles.

Directly after the beginning of the Israel-Hamas War, the price of an ounce of gold increased by around $100, which is equivalent to a 4.8 percent increase. Earlier this week, David Russell, Chief Executive Officer of GoldCore, made the observation that wars necessitate the printing of additional money, which in turn leads to inflation. This is yet another demonstration that demonstrates that specie is always superior to fiat currency, as collectors are well aware

I am looking forward to seeing the figures that the Mint has compiled regarding the production of gold Eagles during the fourth quarter. In addition, it will be fascinating to observe whether or not investors acknowledge the fact that coins may be classified as a class of assets, and that they are also a wonderful hobby.

In recent times, there has been a noticeable softening in the market for collectible coins that are still reasonably available. The only exception to this rule is anything that has been verified as being in exceptionally good condition

Despite the fact that commemoratives, mint and proof sets, and made-for-collector coins continue to sell out when they are minted, the secondary market has become increasingly unpredictable.

There is not yet a limit that the market for rare coins has reached. In spite of the fact that it is scarce, there is still a significant demand for it, and the prices reflect this demand. It is not necessary for rare coins to be in the "finest known" category in order to generate a large amount of interest.

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