2016-10-27 Thu

The rare coin market has been experiencing a lull as collectors are awaiting the results of the 2016 presidential election. The price of precious metals has fallen considerably from $1,350 an ounce of gold to $1,250 and from $20 an ounce of silver to $17.50.

Fresh coins are not entering the market as many collectors have refrained from offering what they have at auctions. Part V of the D. Brent Pogue Collection will take place 31st MArch 2017, in Baltimore along with the Spring 2017 Whitman Baltimore Expo. The star coin offered at this auction would be the Proof 65 graded Dexter Class I 1804 Draped Bust dollar.

The Rarities Night sale on 3rd November would be offering the finest known Mint State 68 graded 1918 Illinois Centennial commemorative half dollar.

There would be a break after the Whitman’s Winter Expo, as the markets would gear up for Florida United Numismatists show. Online auctions and regional shows will keep happening during this period.

The winter 2017 FUN show will be in Fort Lauderdale, from 5th January to 8th January, and Heritage will be offering some fine collections at what is considered to be the largest auction of the year.

The U.S. Mint’s recent products are not getting that popular as of now. When gold prices will reduce, the products would become more affordable.