Pre Long Beach Expo Market Report
2016-09-12 Mon
As per a market analysis, a lot of collectors are investing in big ticket coins. More than $10,000,000.00 was spent by a particular collector who sold the Quintuple Stella at $1,880,000.00. People are sensing that the market is cheap and they are actually collectors.A lot of money is also going into clearing dealer debt for boosting their confidence to buy and stock coins. With this trend, prices would increase along with buying. Supply is limited for rare coins as well which is why they are priced highly. It’s worth buying them with the premium as they are likely to fetch you handsome returns in the future.
Experts predict that the rare coin market will expand impressively which has been the case in the recent times. Also, very few fresh and highly graded coins are available. The other note so good coins keep getting cheaper but the better ones don’t. Due to which many are under the notion that the value of coins is depreciating generally. But experts reveal that there are very few good quality coins to be bought. Lack of supply is stretching the limit for pricing and good quality coins are bound to make good money in all auctions and sales.
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