Got wondering the other day if US Coin prices have been on a similar trajectory as Sportscards since march 2019?
thought some of you guys are into both.
Good question and I'll be looking forward to seeing the replies. I have a few friends who are into timepieces and many watches have increased in value during the pandemic.
Coin values are far less volatile...the meteoric rise in values for cards is unlike anything ever seen in the numismatic industry.
I collect some coins (on a small level) and they have not risen like sports cards. It's mostly tied to the spot value of silver & gold. Silver was around $16-$18 an ounce before covid, then went down to around $11 when the financial markets crashed. Soon though, it jumped up to nearly $30 an ounce, and it hangs around $24 today. Silver coin prices (which is what I collect) followed a similar roller coaster based on the going rate.
interesting. I wonder if the trend continues, whether top level sportscards will overtake the top coins for value. I know one coin sold for around 18MM this year. there is talk that the trimmed wagner and PSA 10 mantles would top 20MM when they come up for sale.
I always considered the coin hobby as more valuable monetarily as a whole, but, if the current trend continues I wonder if that will change. Especially if you add in Sports Memorabilia. I have one friend who collects US coins and he tells me that every show he attends that it seems the average age of collectors is getting older. Anecdotal, but i wonder how true it is.
Like the cards, depends on the coin. Huge jumps in high end product for collectible across the board. You name the collectible, there’s a record price with the right piece.
I collect Only ms 64 or better buffalo nickels and have actually seen the prices coming down Or stay flat. But that’s the only set I fallow. But I was also wondering about the hobby as well lately.