Next up, Proof Cents and Commemoratives
by Dean Albanese
It is very visible that a lot of money has been pouring into the industry watching prices going up and up and up. What is happening? Smart investors are seeing the coin market as a new playground to diversify their portfolios. When this happens it seems one particular area inflates big time while other another starts to lack the interest in demand until someone starts seeing those coins as good buys. Sooner or later those lower prices will become huge profits because it's like the circle of life, it all comes back around. For instance it's been a while sense Commemoratives where super hot. I have a feeling those will be coming back with bullish prices in the next year. But not just any Commemorative, I think the higher graded PQ coins will be the ones to set the standard.
Another is Proof Indian head pennies, I think the interest in those are starting to heat up again because there really are so few truly red, cameo, frosty smooth mirrored specimens out there that they could be gobbled up and in turn the values will surely rise to new highs. More people are becoming educated on how to expand their portfolios by diversifying into other areas they never thought of. The coin hobby has grown so much over the past 5-10 years with the help of the Internet and record setting prices for coins being sold told over the news and in newspapers that the word is spreading and catching the eyes and ears of very wealthy people. This is a good thing because I always say the crowds I also like to reach out to are the people buying rare original paintings, antiques, and historic specimens. Of course when it comes to those people we show them the direction of Proof Gold because of the scarcity and above all the beauty.
We are going to be trying to find more coins such as Large Cents, Proof Cents, Commemoratives, and beautifully toned specimens for our clients because those are some areas I think will benefit them from both collector and investor point of view. Keep watching our site for new images of coins, and happy hunting!
Dean M. Albanese, CEO, Albanese Rare Coins, Inc.
Dean's father David Albanese is a Nostomania coins advisor. They can be reached at their outstanding web site.
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