Where is the International Demand for US Coins?

philographer

What US coins are in demand around the globe? Over the past 20 years I have heard of demand

for DPML Carson City Dollars in 65 and 66 from Japan. I have also heard of a big interest in the 2009

Ultra Hiigh Relief restrikes. What other coins have been in demand?

Is international demand for US coins still strong, or on the decline?

TwoSides2aCoin

If our current president were on a commemorative, we could have sold millions internationally and paid down a lot of our debt. We ought to capitalize on his popularity and pay down some of our debt. That's my idea, but someone will say they already had a bill in congress for this.

shorecoll

If you sold 1 billion commems at $50 each you would pay 2 weeks of the INCREASE in the deficit from this year...I don't think that plan would work.

OP..I don't know current demand but there are still large numbers of US coins overseas. Still lots of gold, there's also lots of fake gold.

WTCG

A lot of classic proof gold (proof Lib $2 1/2, $5, Double Eagles, etc.) had been selling to foreign buyers especially in Asia. I don't believe that much DMPL material has been going overseas, though.

bidask

I do not think its as great as international demand for international coins.

Bayard1908

<< <i>A lot of classic proof gold (proof Lib $2 1/2, $5, Double Eagles, etc.) had been selling to foreign buyers especially in Asia. I don't believe that much DMPL material has been going overseas, though. >>



I'm waiting for the day when the aging and eventually bankrupt Japanese consign it to Heritage and SB.

Justacommeman

<< <i>

<< <i>A lot of classic proof gold (proof Lib $2 1/2, $5, Double Eagles, etc.) had been selling to foreign buyers especially in Asia. I don't believe that much DMPL material has been going overseas, though. >>



I'm waiting for the day when the aging and eventually bankrupt Japanese consign it to Heritage and SB. >>



That will be a long wait. The rich are really rich in Japan and have diversified into many non Japanese assets.

Japan ranks second in the world in millionaires per capita

MJ

WTCG

<< <i>

<< <i>

<< <i>A lot of classic proof gold (proof Lib $2 1/2, $5, Double Eagles, etc.) had been selling to foreign buyers especially in Asia. I don't believe that much DMPL material has been going overseas, though. >>



I'm waiting for the day when the aging and eventually bankrupt Japanese consign it to Heritage and SB. >>



That will be a long wait. The rich are really rich in Japan and have diversified into many non Japanese assets.

Japan ranks second in the world in millionaires per capita

MJ >>



And don't forget that it's a different cultural mentality in Asia than it is here. Not only is personal bankruptcy extremely rare in Asia but heirloom holdings passing from generation to generation is the norm there. High value assets tend to stay in the family for extremely long periods of time.

cladking

Most of the exploding demand for coinage world wide is for domestic coinage. It's typical
for new collectors to collect coins of their homelands and many will add other coins after
around ten years of serious collecting.

It's the exploding size of the middle class all over the world driving the demand.

Bayard1908

<< <i>

<< <i>

<< <i>

<< <i>A lot of classic proof gold (proof Lib $2 1/2, $5, Double Eagles, etc.) had been selling to foreign buyers especially in Asia. I don't believe that much DMPL material has been going overseas, though. >>



I'm waiting for the day when the aging and eventually bankrupt Japanese consign it to Heritage and SB. >>



That will be a long wait. The rich are really rich in Japan and have diversified into many non Japanese assets.

Japan ranks second in the world in millionaires per capita

MJ >>



And don't forget that it's a different cultural mentality in Asia than it is here. Not only is personal bankruptcy extremely rare in Asia but heirloom holdings passing from generation to generation is the norm there. High value assets tend to stay in the family for extremely long periods of time. >>



I'm not talking about personal bankruptcy. I'm talking about the bankruptcy of the Japanese government, destruction of Japanese government bonds, and debasement of the yen. It's just a matter of time before it all happens.

WTCG

<< <i>

<< <i>

<< <i>

<< <i>

<< <i>A lot of classic proof gold (proof Lib $2 1/2, $5, Double Eagles, etc.) had been selling to foreign buyers especially in Asia. I don't believe that much DMPL material has been going overseas, though. >>



I'm waiting for the day when the aging and eventually bankrupt Japanese consign it to Heritage and SB. >>



That will be a long wait. The rich are really rich in Japan and have diversified into many non Japanese assets.

Japan ranks second in the world in millionaires per capita

MJ >>



And don't forget that it's a different cultural mentality in Asia than it is here. Not only is personal bankruptcy extremely rare in Asia but heirloom holdings passing from generation to generation is the norm there. High value assets tend to stay in the family for extremely long periods of time. >>



I'm not talking about personal bankruptcy. I'm talking about the bankruptcy of the Japanese government, destruction of Japanese government bonds, and debasement of the yen. It's just a matter of time before it all happens. >>



Same scenario could be said for the U.S., every country in Europe and basically all except a small handful of nations in the world. The coins are being bought by private citizens who happen to live outside of the U.S., not by government entities. There are many more countries on shakier financial ground than Japan is so I would worry about the U.S. coins in those countries first. Of all the U.S. coins outside of the U.S. the vast majority are in Europe. As many Asian buyers there are now only a small fraction of the total are in all of Asia, much less Japan.

Bayard1908

<< <i>I'm not talking about personal bankruptcy. I'm talking about the bankruptcy of the Japanese government, destruction of Japanese government bonds, and debasement of the yen. It's just a matter of time before it all happens. >>



Same scenario could be said for the U.S., every country in Europe and basically all except a small handful of nations in the world. The coins are being bought by private citizens who happen to live outside of the U.S., not by government entities. There are many more countries on shakier financial ground than Japan is so I would worry about the U.S. coins in those countries first. Of all the U.S. coins outside of the U.S. the vast majority are in Europe. As many Asian buyers there are now only a small fraction of the total are in all of Asia, much less Japan. >>



It's my understanding that much proof gold has gone to Japan. Using the metric of government debt as a percentage of GDP, Japan is in seriously bad condition, arguably the worst in the developed world. Japan also has horrible demographics and a shrinking population. Japanese citizens and corporations own almost all of the Japanese government debt. When that debt is wiped out, private wealth in Japan will also take a huge hit. The Japanese people will then be forced to liquidate whatever good assets they still own, such as U.S. proof gold.

amwldcoin

I have been selling quite a bit of midgrade type and early commemoratives to several Russian Dealers. They also buy the crap out of Modern Commemoratives but I don't deal with them. I would say between the few dealers I see 3 or 4 times a year they are easily taking well into 6 figures per year of US coins to Russia!

s4ny

<< <i>I have been selling quite a bit of midgrade type and early commemoratives to several Russian Dealers. They also buy the crap out of Modern Commemoratives but I don't deal with them. I would say between the few dealers I see 3 or 4 times a year they are easily taking well into 6 figures per year of US coins to Russia! >>



You cannot take Russian gold coins from the Czar era out of Russia. I don't know how Russian authorities would react if a large
quantity of US gold coins was leaving Russia at the airport. You probably would miss your flight.

I am thinking that these Russian Dealers buy the coins and they are going to Russians but not to Russia itself.

amwldcoin

<< <i>

<< <i>I have been selling quite a bit of midgrade type and early commemoratives to several Russian Dealers. They also buy the crap out of Modern Commemoratives but I don't deal with them. I would say between the few dealers I see 3 or 4 times a year they are easily taking well into 6 figures per year of US coins to Russia! >>



You cannot take Russian gold coins from the Czar era out of Russia. I don't know how Russian authorities would react if a large
quantity of US gold coins was leaving Russia at the airport. You probably would miss your flight.

I am thinking that these Russian Dealers buy the coins and they are going to Russians but not to Russia itself. >>



I actually had a good discussion with one of the dealers about this. I was curious about how they were taking them into Russia and avoiding Russia's outrageous tax. It turns out antiquity's are exempt from import tax. You are correct...do not get caught trying to take anything of historical value out of Russia.

The coins are going to Russia!

FredWeinberg

Back in 1974, the company I worked for
in Bevery Hills was selling rare
US gold coins to Japan.

Their top favorities were Pan-Pac Sets,
and the single $50's; common Territorial
$50 Slugs; Proof Gold;, and some large
Denomination Proof Type Coins. I recall
they bought a Gem 1933 Eagle from us.

The Japanese loved Proof Trade Dollars,
but would -never- buy BU Trade Dollars.

(they were afraid of the rumors that there
were large quantities of original BU bags
of Trade Dollars in mainland China - which
was not true)