According to the latest CDN ...

Gilbert · January 25, 2003 3:41PM

Many high reliefs, $4 Stellas, proof gold and other five figure American high priced rarities are headed overseas. As a collector of US Coins, how does that sit with you. Even though they are out of my price range, it's "unsettling" to me. Will they continue to trade within their expected price range, or be ransomed at exorbitant prices to be returned to the collecting community here OR am I just ignorant and significant collections are already in foreign hands?

airplanenut · January 25, 2003 3:44PM

I think more people are just seeing why US Coins are better than any other

Cam40 · January 25, 2003 3:47PM

What.Is Steven Spielberg moving to France?

Catch22 · January 25, 2003 3:49PM

The latter I suspect. Many foreigners have held some of our most elusive coins.

michael · January 25, 2003 4:25PM

yes old news

very old news.............................................

most proof stellas are in switzerland and lots of proof gold sits in japanese consortium hands in nipponand/or the asian pacific rim

sincerely michael

Buffchips · January 25, 2003 4:33PM

"I think more people are just seeing why US Coins are better than any other"

Granted the USA has minted some incredible coins but so have many, many other countries. Take a look at some of the British and Canadian coins. Not only have these two countries had some stunning issues in the past but they continue to produce very beautiful modern issue coins. Much more so than the USA. All we have right now that's worth looking at is a remake of the WL and the continuation of the St. Gaudens series. Currently the US Mint aspires toward mediocrity both in design and quality of the strike. US coins suck and blow at the same time. I think it's sad.

As for the topic at hand, I don't blame overseas investors for buying up some of our older issues. Has there ever been a more incredible looking coin than the High Relief? Wish I could afford one.
Buffchips (The Troll)

michael · January 25, 2003 4:33PM

i think it is great!! and i hope they never sell the coins or just among themselves!!!! and i hope they come over here any buy more even lots more and pay record prices also but i am sure they are not that neive to buy coins like the 40k lincoln cent from the 1960's

usa collectors should follow their lead and instead of buying a 40k 1960's proof cent buy the 1901 pcgs proof 64 deep cameo ten dollar liberty on the minneapolis gold and silver site for 20k then buy the eliasberg proof 66 monster toned no motto half pcgs for 9500 on the pinnacle-rarities.com site then with waht is left over ithink you could get a brand new small car for yourself!!

i mean american collectors lets start getting smart!!!!!!!!!!!!!!!!

they are just after high powered coins expensive coins
and maybe this will cause them to look at other less expensive series or sleeper undervalued coins as some of these series the coins are better values and rarer!!

the only thing that is going to keep this market going is demand along with cash and i have no doubt between the swiss and asian buyers they have lots of cash to hide!!!!!

sincerely michael

Gilbert · January 27, 2003 3:19AM

Hey Michael,

If this news is so old, why do you suppose it is being currently reported? And why do you hpe that they never sell the coins or just among themselves! Are American collectors somehow unworthy of being able to collect these?

Buffchips,

I kinda' agree with your assessment that Currently the US Mint aspires toward mediocrity both in design and quality of the strike. US coins suck and blow at the same time. I think it's sad.
One of the main reasons I find this situation somewhat unsettling; current designs and "mintages" are not providing suitable replacements.

Wow! I realize there is a grand total of five respondents to this thread, but, I surely didn't expect a nonchalant response from "US Coin collectors." I don't know; maybe some viewed the thread as anti-foreign or something. I just see it as leading up to limiting how much of our history we can hold. I hope we don't become a country that has to buy back its heritage, insofar as it applies to historical US coinage.

I guess I should have asked how you might feel if you had to go overseas to actually see a '33 Gaudens, '13 Liberty head nickel, a Stella, etc. etc.

mrfred · January 27, 2003 3:27AM

Well, I regret the loss of these coins, but frankly my budget would not allow me to buy them in any case.

Sidebar: are any of the Ebay offerings of these coins actually sellers outside of the USA? That is, do some of the coins re-surface that way? Just a thought.

nwcs · January 27, 2003 3:30AM

Doesn't bother me at all. Coins come in, coins go out. Some will come back and some won't. Don't think they'll be ransomed. They are nice coins and valuable, but they aren't hostages.

parkave · January 27, 2003 4:58AM

The good new is that many of these overseas investors are just that investors, with no real attachment to the coins so they will be back on the market for sale when the timing is right. I suppose from a collector standpoint it makes good sense to own coins now at current levels rather than later.

The way the rare coin market has been performing lately I think the overseas investors will sell for reasonable profits sooner than later.

clackamas · January 27, 2003 5:42AM

The US runs such large trade deficits that anything of value is going to be purchased. We get cheap ashtrays, bobbles and beads and they buy rare gold coins. My father use to say, when the Japanese were buying real estate, that they can't take it with them, this is not true of our numismatic treasures. Perhaps a lesson was learned? This will continue as long as we keep buying foreign goods faster than we sell domestic goods over seas.

michael · January 27, 2003 7:07AM

hi there gilbert i resally do not know why it is being reported currently in the CDN and for me anyone is worthy to buy anything you just need to money and want to buy at the selling price!

i think that many overseas foreign investors think proof gold, high reliefs, stellas higherr priced usa coins are things that are for them so they are buying

i think that is the only reason !!!! in other words they have the money and desire to buy the coins as it fits their wants!! so they just do it!

they would be buying thewir own coins or any other copuntries coins or any tangibles if they thoughjt it fit their investment goals!

sincerely michael

DesertLizard · January 27, 2003 10:46AM

These foreign buyers can't be too bright. Everyone knows coins are a lousy "investment".

According to the latest CDN ...

Comments

Leave a Comment