US coin market achieves unprecedented $393m in 2013


2015-06-26 13:35:11


US coin market achieves unprecedented $393m in 2013

The US coin market grows as buyers realise the sector's potential as an alternative investment

This has been an exceptional year in the US coins market, which has seen strong and sustained growth as investors have flocked to the sector.

American auction houses realised a record combined$392.8m in US coins sales this year, states the Professional Numismatists Guild,anda new world coin auction record was set at $10m by a 1794 Flowing Hair dollar in January.

1794 silver dollar coin breaks world record, bringing $10mThe 1794 Liberty dollar acheived a record $10m in 2013

Terry Hanlon, president of the Professional Numismatists Guild, commented: "We estimate the overall coin market in the US at about $5 billion in 2013.

"Over the course of this year we continued to see the precious metals market decline and the stock market rise.

"The US and other world economies, specifically the Eurozone, are seeing an economic recovery, however temporary it may be.A growing interest in rare coins is typical in this type of environment.The same for fine art which is booming right now.

"Smart investors and collectors see a good buying opportunity with some of their profits taken from the increase in stocks being reinvested in rare coins."

The results bode well for 2014 - and with a number of significant sales set to take place in January, including the Olsen 1913 Liberty nickel and a 1787 Brasher Doubloon, it seems highlylikely that we will see more records broken in the new year.

You can read our review of this year's coins and banknotes auctions here. We also have a range of investment grade coins available to purchase.

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