Foreign Demand for US Coins?
philographer
Posts: 1,325 ✭✭✭✭✭
I once heard much about overseas buyers (e.g. Japanese, people in other Asian countries) of US coins—purchasing for investment or at least a store of wealth; these days, not so much. Is there still strong demand from overseas for quality US coins? If not, any insight into the reason why? I wonder if the political environment has adversely affected foreign demand for US coins. I could hypothesize that the wealthy in some countries (China) have an increased focus on their own history. Lastly, from what I’ve read, it seems much US gold is being repatriated back to US. Is one cause of lower prices a lack of foreign demand?
(Let’s not go too crazy with the political stuff, less this thread go poof 😜)
He who knows he has enough is rich.
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Comments
"Investments" have to pay off. If they don't the "investors" quickly move on to something else.
Plus, TPG started grading overseas coins. Giving overseas collectors confidence to buy their own gold and silver coins.