Blog

  1. Jeff Garrett: The World's Most Valuable Coin

    The 1933 Double Eagle reigns today, but other rarities could one day hold numismatics’ top spot.

    The 1933 Double Eagle that realized $18,900,000 last week in a Sotheby’s sale was stunning news for the numismatic community. The final hammer price shattered the previous record price for a coin by nearly double.

    The new price summit for a rare coin finally approaches that of fine art. It should be remembered that in the same room in which the 1933 Double Eagle sold, paintings have been bought for over $300 million. Sotheby’s orchestrated a masterful promotion of the coin and most likely drew the interest of several non-collectors for the bidding. The identity of the winning bidder has yet to be revealed.

     

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  2. Sarasota Coin Club Resuming Meetings

    Sarasota Coin Club will restart their club meeting on June 21st at the store

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  3. Jeff Garrett: Eye Appeal Dominates the Market

    In the eyes of the collector, coins with eye appeal and quality are today's trend.

    The rare coin market evolves over time and many series go out of fashion. In the 1960s, BU Rolls and Proof Sets were all the rage. In the 1980s, generic gold coins dominated the interests of many collectors and dealers. Rarity seems to increasingly be the focus from the 1990s to present day. This has culminated in an extreme explosion in price for super-rarities. Multi-million-dollar coin sales are not the headline-grabbing news they once were, and they have become almost commonplace.

     

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  4. How to spend $1400

     

    From cents to $10 Indians, there are plenty of good ways to invest in your coin collection now.

    As part of President Joe Biden’s “American Rescue Plan,” individuals making less than $80,000 per year received $1,400. If you do not need to spend your stimulus check on immediate needs, I can think of few better ways to spend the money than to stimulate the numismatic economy.

    Rather than buying a new flat screen TV or taking a trip to Disney World, consider investing the newfound money on your coin collection. Years from now, you will have something tangible that you may not have had the opportunity to purchase otherwise.

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  5. Markets on the Move

    With fresh money pouring into numismatics, coin prices are unlikely to stand still.

    The numismatic press has been gleefully announcing the sale of multi-million coins on a regular basis in recent months. I’m sure the Heritage sale this week will also garner headlines as a few major collections make their way to the auction block.

    The sale of the 1787 ‘EB’ on Wing Brasher Doubloon graded NGC MS 65★ for over $9,000,000 was a stunning reminder that billionaires have discovered our hobby. The upcoming sale of the only legal-to-own 1933 Double Eagle will probably make national headlines. Numbers above $10,000,000 are widely predicted. The 1933 Double Eagle has one of the greatest stories in all of numismatics. Another chapter will be written later this spring.

     

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  6. Collecting 1921 Morgan and Peace Dollars

    There’s more to these historic coins than you might think.

    This year marks the 100th anniversary of the last Morgan Silver Dollar and the first Peace Silver Dollar. The 1921 Morgan and Peace Dollars are also front and center this year as the US Mint has announced 2021 examples of both issues to commemorate the centennial.

    The US Mint will strike a minimum of six different coins in Philadelphia, Denver and San Francisco. Various finishes and privy marks have been discussed, but exact details have not yet been announced. The excitement surrounding these new issues will surely spur even greater demand for the vintage 1921 examples.

    Morgan Silver Dollars are named after their designer, George T. Morgan. The coins first appeared in 1878 and were produced regularly until 1904, when demand was low and the bullion supply scarce. Production of Morgan Dollars resumed in 1921. Near the end of 1921, production began on the Peace Silver Dollar to commemorate the end of WWI. The coins were designed by Anthony de Francisci and placed into circulation on January 3, 1922.

     

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  7. Cryptocurrency, Non-Fungible Tokens and the Rare Coin Market

    Can the rare coin market find a place in the growing world of digital currency

    For several years now, I have joked that people know so little about Bitcoin that they ask my thoughts on it because I’m a coin dealer. In general, most individuals that I speak with consider Bitcoin to be a speculative bubble waiting to pop. The recent rise of Non-Fungible Tokens (NFTs) is making peoples’ heads spin, but the future of NFTs is up in the air until the tokens become more widely accepted and understood as an asset class.

     

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  8. Population Reports Can Give You an Edge

    You can learn a lot from the wealth of coin data available online for free.

    Decades ago collectors and dealers relied on standard numismatic references, such as the Guide Book of United States Coins (the Red Book), for much of their information. Most of today’s collectors take the massive amount of numismatic information they have at their fingertips for granted.

    With a few clicks of your smartphone, you can know more about a coin than most experts of the past. There is an amazing set of tools available for collectors and dealers to use when making a purchase decision.

     

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  9. Giving Back to the Hobby You Love

    There is no better way to support the future of numismatics than a contribution to the ANA.

    For decades, the hobby of numismatics has provided me with more benefits than anyone could ever hope for, from years of enjoyment to a pretty good living. Since assembling my first Lincoln Cent album in the 1960s, my enthusiasm has never waned. Many of my non-numismatic friends envy that I look forward to going to work every day. I sincerely hope that the hobby remains relevant so that future generations can enjoy the same pleasures numismatics has given me.

     

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  10. Poised for Success

    What if social media and internet groups turned their attention to our hobby en masse? The financial markets have been abuzz the last few days because of the market disruption caused by the skyrocketing stock price of GameStop and AMC theaters. These stocks have soared in value based on the influence of social media, which is encouraging speculation, and the desire of small investors to crush the professional short sellers.

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