The rare coin outlook is never easy to predict, but there are good signs moving forward into 2013 and 2014. While the precious metals markets may have declined a bit, the rare coin market does show some promise. Rare coinage has more than bullion value behind it, which makes it attractive to investors.
Why It Looks Good
One of the reasons the rare coin outlook is promising is quite simply because investors are still looking for ways to diversify their portfolios. For those investors who have an interest in precious metals investment, rare coinage it is a great option for this. It allows those investors to invest in precious metals – as many rare coins are made of those metals – but also allows them to invest in something that has a value beyond that of precious metals.
Rare coins have numismatic value to them. This has to be figured into the rare coin outlook for any particular coin. If a coin is known to be scarce and there is no suspicion that there are stores of it somewhere that may be discovered, it’s good reason to believe that the coin will retain its value or even go up in value over time. The rare coin outlook, however, can change dramatically if additional specimens of a given coin are discovered. More supply, of course, means that prices go down.
Where rare coinage is concerned, the market doesn’t have the same type of an indicator as there is for the general precious metals market, but there is the PCGS3000, which serves a similar function. In 30 years, there has been only one time when this particular indicator has taken a dive. Other than that, the rare coin outlook has generally been good going by this metric and, because of that, these investments have remained consistently popular.
Before you get too worried about the rare coin outlook, you’ll want to consider how you are going to get into this market. This is one of the most important decisions you will make. The rare coin market used to be flooded with fraud, but this is no longer the case. Reputable dealers use certification to verify to their clients that the coins they are selling is real. The certification is not performed by the dealer; it is performed by a third party. This means that buyers can buy coins with assurance that they are real and sellers can sell coins without having to be questioned every step of the way as to the authenticity of what they are selling. This, of course, makes them good investments.
There are many online dealers available that sell rare coins. Because of the certification process, as long as you can verify that the certifying agency is legitimate, you don’t necessarily need to inspect the coin in person. In fact, it takes specific skills to be able to inspect the coin and make a determination as to its value, which means that inspecting the coin in person is going to be of negligible use anyway.
With the rare coin outlook looking good, it may be a good time to get in on this market. For people who have already invested in precious metals, rare coinage provides a new and interesting way to do it. For people who happen to be history buffs, this is one of the most enjoyable activities. Money aside, any rare coin you’re holding in your hand is an object of historical importance and one that has likely endured through decades before you were born, giving it a very interesting appeal that regular bullion just does not have.