| Author |
 Replies: 10 / Views: 1,475 |
|
|
Valued Member
Canada
148 Posts |
Missed my explanation somehow. I have a 1990 proof from Cuba KM# 294 that listed in my 95 catalogue that 2000 were minted, (fairly small) and listed it's market value as 250.00 imagine my surprise when checking the most recent KM catalogue the value has dropped to 115.00. Were the mid nineties headier times for world coins or is this a rather isolated incident. Edited by priorpence
05/11/2012 6:30 pm
|
|
|
|
Pillar of the Community
France
1591 Posts |
I hope so, but I don't think so ... recently I saw it going higher actually (since about a year).
Gold is going down, so maybe it will help.
|
|
Pillar of the Community
Luxembourg
588 Posts |
I don't think it possible to give an answer to that question.
World coins are always linked to the country where you live.
To you all coins except Canadian coins are world coins.
To me everything but Luxembourg is part of world coins.
Some countries may be getting more popular while others may not.
|
|
Valued Member
 Canada
148 Posts |
Thanks for your input Maudy, please check my revised post for a specific example.
|
|
Pillar of the Community
Australia
585 Posts |
I don't think that any catalogue prices are accurate and KM is a way off, especially with coins I am looking for.  |
|
Pillar of the Community
Australia
3831 Posts |
Most of the coins that I am looking at have gone up quite sharply.
|
|
Pillar of the Community
United Kingdom
2871 Posts |
Unfortunately so have mine - I estimate Krause undervalues them by 200%.
A lot of silver proofs end up at or around melt once it's realised no-one is interested in them - no matter what the mintage is.
|
|
Valued Member
Canada
148 Posts |
Bacchus2, that seems like a reasonable explanation. The coin I referred to would seemingly be one with not much interest in it, it has no interest to me so I can understand that. The KM reference I appeciate and will keep that in mind.
|
|
Pillar of the Community
Luxembourg
588 Posts |
That's correct.
The market has been flooded by silver proof coins since 1995.
The collectors have tsken that into account and hardly anyone is still collecting them, except for countries like China and Russia and maybe some other but that I do not know.
|
|
Pillar of the Community
United States
593 Posts |
I've noticed that US pre-65 sets are selling for melt. I wonder how far the price will drop with falling silver prices. At some point there has to be some numismatic value kick in.
|
|
Bedrock of the Community
Australia
21786 Posts |
If you are interested in silver proofs, much better to buy them on the aftermarket,rather than new.
With newly issued proofs from the Mints, there is usually a substantial collector and marketing premium, that is often way above melt value. That may or may not be justified.
Buying aftermarket is a bit like buying estate jewelry rather than new retail.
|
| |
Replies: 10 / Views: 1,475 |
|
Posted 05/11/2012 6:22 pm
