Long Beach Left Us Wanting More

By Kathleen Duncan for Pinnacle-Rarities

Pinnacle-Rarities Market ReportMore coins that is. To sum up the show in one sentence: there were few nice coins to purchase at reasonable levels. The market is looking extremely strong for anything that is rare and/or unusually nice. We bought little in auction, although had reasonable success buying from our wholesale network, but could definitely use more inventory. If you have bought from us in the past, and are thinking about selling, please give us a call. (For that matter, even if you haven’t bought from us, give us a try on the sell side!) We certainly have more want lists to fill than at any time we can remember.

Prices in Heritage were extremely strong, especially for the old holder collection representing 1 and 2 point upgrades. If you take a look at auction prices, you will often see different examples of the same coin and grade sell within a large trading range. Collectors have become savvier and less frequently fall prey to focusing on the plastic instead of the coin itself. Even if a coin is in the ‘wrong’ holder (a MS64 that should be a MS65 for example) it will most likely bring the ‘right’ money. This is good news for collectors who have been focusing on high-quality.

Although the market is exceptionally robust, there are still some bargains. Silver commemoratives, late date Walkers, Three Cent Nickels, and Shield Nickels, as well as some Seated and Barber material continue to provide solid investment opportunities. As always, we strive to focus our inventory choices on high-quality rarities representing solid value. On that note, among our new purchases is a beautiful, high-quality collection of Proof Liberty and Shield nickels, including an 1877 PR67 Ultra Cameo and several nice PR68 Liberty nickels. Check out our inventory page for our current selection of these and other fabulous new finds.

Related Articles

About the Author

Kathleen Duncan co-founded Pinnacle in 1992. Her focus is finding intrinsically rare coins at fair prices. Through a process of long-term fairness and integrity she has earned one of the industry’s most stellar reputations as well as the loyalty of her clientele. Pinnacle Rarities Inc., (Olympia, Washington) provides continuing professional service to a clientele composed of collectors, investors and dealers from all fifty states and several foreign countries. They do not try to be all things to the numismatic community. Rather, they specialize in handling the rarest, most desirable coins the industry has to offer.

RSS Feed for This PostPost a Comment

DISCLAIMER: All content within CoinLink is presented for informational purposes only, with no guarantee of accuracy.
CoinLink does not buy or sell coins or numismatic material, and has no ownership interest in any web site listed within CoinLink.
All News and Article links are direct, without framing, to the original source, which is solely responsible for the content.
No endorsement or affiliation to or from CoinLink is made.