What Direction The Coin Market?

[VickySilver]

I must say that I am rather perplexed by the current market for English coins. I can not imagine that they will not peak out soon - if that point has not already been reached. On the other hand we have reports such as we have recently seen on this forum of the Warwick and Warwick sale where items not even considered saleable in some years were bringing big prices.

In the US, the market appears split up in that really exceptional coins from the standpoint of absolute rarity and the mysterious (at least in terms of why) condition rarities still do mostly well with middle ground coins beginning to suffer and lower sort of holding their own, at least in my surmise. Bullion, which seems not to be numismatic is doing very well.

What say you readers, with examples of where you think the market is going for English coins?

[scott]

i'm guessing its investment, silver prices, gold prices AND copper prices, anything not desireable before is now more desirable for metal content value alone. i have heard the irish are buying up irish coins, americans are dipping into stuff, i prowl ebay looking for bargains, US coins... WAY out of the way (£5-6 for an 1880's cent? O.O) irish hard to get good stuff cheap, even russian coinsare hard, i'm guessing its the exchange rate and forign investers picking up a bargain when the £ is down (hell if i valued all the coins i got for hardly anything on holidays over the past few years i would be £30-40 up)

i have still found bargains, today alone i have landed 1920 Australia penny (worth $6 austrialian) for £1.74, an 1886 with book price of around £10 for under 2... just won a few old russians (bought a few) which are probably worth a fair few quid) even the other week i got a coin worth £10-12 for the sum of under £3...

dunno what exactly it is i'm guessing american and european interest, but even my dealer has gone mad on prices (£6 for some F-VF edward farthings?).

its hard to say, some days everything is insane, other days it is cheap.