PCGS Rare Coin Market ReportLCR Coin, Inc.
There is a great article in the most recent PCGS Rare Coin Market Report titled, a tale of two markets. It draws a clear conclusion of how two basic coin types have performed over the past few decades.
We have written many articles that make the point that when you can buy the one best example of a coin that can be had and you can afford. This better coin will always outperform a portfolio made up of quantity over quality. Although the temptation is strong to rely on the latter this article leaves little doubt.
I will give a few of the more dramatic examples from the report. It comes down to the difference between “generics”, coins that are common and come in any quantity you wish to own and “rare coins” where the one example is one of a few or maybe the one. You would have to conclude rare coins are a sellers’ market where more people want them than coins exist.
Some notable generic losers measured over 30 years:
1910 Liberty Nickel MS65 1986 – $1,350 2018 – $240
1916 Barber Dime MS65 1986 – $2,150 2018 – $280
1943 Walking Liberty Half MS65 1986 – $430 2018 – $70
$5 Liberty with Motto MS65 1986 – $5,800 2018 – $1,420
St. Gaudens Double Eagle MS65 1986 – $3,850 2018 – $1,450
Some notable rare coin winners over 30 years:
1892-S $1 Morgan MS65 1986 – $32,250 2018 – $130,000
1918/17-D Nickel MS65 1986 – $25,500 2018 – $200,000
1889-CC $1 Morgan MS65 1986 – $21,250 2018 – $150,000
1879 $4 Stella PR65 1986 – $45,000 2018 – $180,000
1795-98 $5 Small Eagle MS65 1986 – $41,000 2018 – $400,000
Clearly, if you had purchased any one of the rare coins you would feel you made a wise choice. The rule of thumb should be buy population when you can. How many coins of that type, in that year, from that mint, in that grade exist. Pay more now for coins that represent the fewest and history says you will likely be happier than buying the price the day of purchase over population.
We can help you use the right information. Contact LCR Coin any time when buying rare coins online.