Since Jan 1 2007 how has the falling $ impacted your collection?

bidask

Using a 2007 Krause, how has the increase in foreign currencies from Jan 1 2007 to the present versus the $ impacted the value of your European, African, Asian, Canadian, or South American coins?

I own quite a few foreign coins but have not really been watching this closely and not withstanding numismatic demand, I believe foreign coins have risen in value by this dynamic alone.

Your thoughts?

SYRACUSIAN

I've spent more money on coins in 2007 than any other year. This is not only because of the lower USD/euro exchange, but because when I sell in USD, it's not worth converting the proceeds to euros, so I'm using them to buy some more.

I now wish that this would stop, and that the USD would regain 20% at least.

Silvereagle82

I have noticed on world gold coins prices are going up very fast. I attribute this to both the price of gold and the exchange rate (primarily euro) where I assume most of the dealers in the USA buy world coins from.

I have submitted several bids in the upcoming Kunker auction and based upon the euro price alone my bids will cost me 5% more than when I bid them last week because of the conversion rate. It makes it very hard to buy coins from Europe at this time without paying 20-25% more than I did just last year. I'm only hoping that this will keep the bidding hammer price down if the European market is depending on USA buyers.

If you buy world gold from dealers in the USA that are "old market" coins (purchased pre-rise of euro) you can find more normal pricing with coins being adjusted for the actual gold value of the particuliar coin. I would think that European buyers are getting great values on coins bought in the USA.

I also think that because of the rise in gold prices new collectors and/or investors are coming into the market which may also contribute to some rise in prices because of demand.

Just my 2 cents worth !!!!

JZrarities

I think the falling Dollar has made the biggest impact with Higher Prices.

That has slowed me down more than I would have thought...

lordmarcovan

<< <i>Since Jan 1 2007 how has the falling $ impacted your collection? >>

Not at all, or not so I'd notice, anyway.

I'm sure it's had some effect, but because bullion prices are up and the coin market's been pretty strong (at least locally), my collection has benefited, since all my collecting is fed by the proceeds of my small coin dealer venture. With a strong coin market and high bullion, I am able to make more money selling the coins I had, so therefore I've been able to add more to the collections.

Since January of 2007, the vast majority of my disposable coin income has been put into my Roman coin collection. As a novice collector of those, who's been paying full retail, I suspect I'm losing a little bit financially in the long run, but who knows? I'm gaining an education about them, and having fun, which is kind of hard to put a price on.

MadMuffin

Reading this thread I can see that the low dollar is making things harder for US-based darksiders. Being a darksider living on the dark side (in Denmark) I have watched my collecting grow considerably in the last 12 months or so. Except for bullion coins prices are lower than ever when you buy from the US. However there is a tendency that prices go higher than usual when several European bidders compete for the same coin. Makes sense.

Just the other days I saw on the news that Danes buy more things from the US than ever due to the low dollar. But apparently many people forget that little thing called customs! I'm just glad that coins are so small and easily hidden in a letter

Marcel

farthing

My travels for work probably have more impact on my collecting than the falling $. I tend to not add to my collections when I have a trip pending and my travels have increased the last few years.

Currently I'm sitting in a hotel room in Billund, Denmark (home of Lego building blocks). Another week here, then back home for a week, then I return to Billund for a week. Already spent a week this trip in Nice, and earlier last month I spent 2 weeks in Budapest. Still pending this Spring are trips to Lisbon and Tahiti.

ajaan

David, your frequent flier miles must really be piling up.

I find it more difficult to win auctions from the UK now with the dollar in the crapper.

coinpictures

Not just coins, but on everything I sell, I'm doing much less buying from international sources and much more selling to them. Helps offset the freefall my 403b plan is in...

satootoko

The Japanese dealers I buy from price their coins in yen.

MrEureka

wybrit

No real effect on British coins, since the prices are well up, but it's very tough to buy anything at the moment, since much of the best material has retuned to the home country.

MrEureka

how has the falling $ impacted your collection?

It hasn't impacted my collection at all. 10 or 20 or even 30% means nothing when choosing which coins I buy for or sell from my collection.

On the other hand, I suppose the falling dollar has impacted the value of my collection, although by much less than the currency markets would suggest. That's because many of the strongest buyers for the darkside coins I collect live in the USA.

trozau

Haven't bought my 2008 gold panda yet as the gold price just keeps going up and I keep waiting for a decent dip.

secondrepublic

The dollar will now only get around 2.25 Polish zlotys. Around 2002 it got you over 4 zloty! That's almost a 50% drop in the dollar.

But the value of my collection has increased more than that due to the bull market in Polish coins that started around 2005/2006. So I've haven't bought or bid on a Polish auction house sale in over a year. It's just too expensive.

tonyhar

I have bought more from the US and sold more in the UK .