Numismatics-Market-is-Standing-Strong-amid-Global-Crisis

Numismatics Market is Standing Strong amid Global Crisis

03 Apr 2020  Fri

The world is facing an unparalleled financial and community health crisis conveyed on by coronavirus. However, the numismatics markets have validated implausible buoyancy. Coins and banknotes signify one of the uncommon pockets of solidity, security and even asset during this epoch of dread and improbability.

Noteworthy instability of the stock market is frequently a forerunner of augmented venture in collectibles, and that has proven to be the case yet again since the coronavirus became a pandemic.

On March 16, during the peak of stock market volatility, Stack’s Bowers Galleries sold over $45 million in coins, currency, and bullion linked products with various collectibles reaching soaring prices. These sales comprise of the renowned D. Brent Pogue US currency collection in which 224 notes realized more than $9 million. 1836 $100 “Spread Eagle” Legal Tender was sold for $432,000. Saint-Gaudens Double Eagle of 1913 was sold for an impressive $162,000.

German auction house Fritz Rudolf Künker GmbH & Co. sold on March 20 sold a 1625 5 Ducat for 38,000 euros. The Heritage Central States Auction (moved to Dallas, Texas) did a business of $200,000. Among the highlight was an 1858 Liberty Eagle graded PF 64 Ultra Cameo, the finest example known till date.

The numismatics market continues to grow and show remarkable strength in these coronavirus times. One of the safest investments, its best to do your research thoroughly and then capitalize on your money.

Image Courtesy: Stack’s Bowers Galleries

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