Country by country, how has the weak dollar affected the coin market?

MrEureka

I would expect that the more demand for a country's coins comes from American collectors, the less effect the weak dollar will have on the US dollar price of the coins. Can you provide any evidence to back up or refute this hypothesis?

SYRACUSIAN

Regarding Greek coins, I'd say favourably.


As a seller, it's a whole different story.And anyway, I would now like to see the USD stabilize and maybe even rise a bit. Otherwise, my investments perform poorly and my funds to buy coins are sort of blocked. But if I somehow manage to generate a better cash flow in euros and save some, I'll come to CICF and buy every nice coin on sight.

theboz11

I don't think you are going to see any significant correlation. The catalogs and Auctions along with ebay all have long delays in response to currency moves. Krause comes out once a year and the majority of prices paid are based on this outdated material until the next one comes out. If you are talking very long term- more than a year the effects are probably more pronounced but still insignificant. It is more supply demand than dollar fluctuation that will determine the dollars you pay, along with the commodity value of the Material the coin is struck upon, like gold. IMHO

Justhavingfun

I've been picking up some superb rarities in the US-Philippine series for low prices, a reflection on the poor economic conditions in the US rather than the weak dollar.

No noticeable difference in Thai coins, which I also collect.

But I'm, ...


just having fun

coinpictures

I find that I'm selling a lot more merchandise overseas as the buying power of other currencies grows compared to the dollar. It's great for a U.S.-based seller, not so much as a buyer.

secondrepublic

I would echo the comment that it's a great time to be a seller, particularly of Polish material, but a terrible time to be a US-based buyer. Part of the reason is certainly the weaker dollar. Most of the serious players are now based in Poland and the exchange rate back in 2002 was 4 zlotys to 1 dollar. Now it's less than 2.5 to a dollar, so their currency has increased in value by 40%. Apart from that, the price of many coins has also increase dramatically in that period in zlotys. Magnified by the exchange rate, the increases are even more notable.

1960NYGiants

<< <i>I find that I'm selling a lot more merchandise overseas as the buying power of other currencies grows compared to the dollar. It's great for a U.S.-based seller, not so much as a buyer. >>



Agreed, most of my recent modern silver crowns sold on the bay went out of the USA.

coinkat

Excellent question... I think that in the interest of space, time and attention spands, you may want to limit the question to those countries that fall within your sphere of collecting. I think it is having an impact on European as well as Canadian coinage. I am not sure about Mexico.

The pound sterling seems to be off its highs and the Euro seems to be catching new life and moving higher.