Coins We Love: A New Wave of Collectors
First of all, thank you to everyone who wrote back messages of all types and lengths regarding last week’s message. It’s always a please to hear from the readers and it makes my midnight ramblings a little easier to write the next week.
Last week was supposed to be the Whitman Baltimore Expo. Honestly, I had forgotten all about the show until I had to participate in the accompanying auction that occurred last week. As usual, we represented Mr. Hansen in bidding in the auction of the Larry H. Miller Collection (another Utah native) and we came home with some amazing finest known Morgan Dollar rarities at some fantastic prices. What’s really fascinating is that these Morgans have been off the market for nearly 20 years and not located in any registry set. Now that they have entered the collecting marketplace, the former #1 rated Morgan sets may have some new competition. While record prices were achieved on several of these pieces, they were still far below what some expected the coins to bring.
What’s fascinating to me is that the overall coin market is still strengthening. We closed out last week with Julia selling the 2nd of our 1879 $4 Stellas to an absolutely brand new customer. Our 1804 25c XF40 found a new home and we also sold an incredibly rare 1806 50c PCGS VF35 (Knob 6, No Stems), and an 1821 $2 ½ NGC AU58, as well as a number of other interesting pieces. Lest you think we only care about the 5 and 6 figure pieces, we were just as excited to see the $75 Indian Cents that found their way to a gentleman who just found his way back to collecting. All in all, the hobby is alive and well, in all shapes, sizes, and values.
One thing to keep in mind right now is that a new wave of people are finding their way into collecting, and with the reduced rate of new coins on the market, we’re seeing prices nudge their way up, especially on the rarer, fresher coins that collectors have had off of the market for a while. So, if you’re thinking of selling or just turning some of your coin equity into new pieces, please don’t hesitate to reach out to us. Customers’ coins are bringing record prices right now and we foresee the demand only picking up over the next few months as winter is approaching and folks are spending more time working from home or focusing on their hobbies.
This week we welcomed back Matthew and Sarah Kavalek from their honeymoon. They’ll probably not appreciate the fact that I pointed them out, but we certainly missed them last week and are glad to have them back in the office. Lastly, we know that this year’s Thanksgiving will be different for many of you, but we want to wish you a peaceful time of thanks and fellowship with those that are around you. We will be closed the Thursday and Friday of Thanksgiving but will be available to serve you via email.
As always, we appreciate you making it this far down on the email and we hope that you enjoy some of the coins that we’ve highlighted below in this week’s Coins We Love!
Thanks again for reading and Happy Collecting!
John Brush and Your Friends at DLRC
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