August is always an exciting month for the world of numismatics in the United States, with the annual American Numismatic Association’s World’s Fair of Money taking place. For
BY JOHN FEIGENBAUM, PUBLISHER & PATRICK IAN PEREZ, EDITOR
One of the prime attractions of the annual convention of the American Numismatic Association has always been the exhibits and displays
QUARTERLY REVIEW: Bust Halves & Bust Dollars Active
With this being the final Greysheet issue prior to the beginning of the annual World’s Fair of Money, it is a good time to reflect on the rare coin market thus far. The term “slow and steady wins the race” could be well applied this year. Dealers with a wide variety of inventory at many price points have reported the most activity. There is demand returning for coins in the middle range of the price spectrum, from $500 to $2,000. No doubt the run-up in precious metals prices over the past four months has
helped the market strengthen.
Five to seven years ago, in the midst and aftermath of the global financial crisis, one of the main selling points for rare coins and precious metals was to protect against coming inflation. While the dollar has strengthened in the subsequent years and said inflation has not materialized, the wisdom of buying tangible assets has become more mainstream. More and more people are understanding that equity markets are unstable and treacherous due to intervention and central planning. This understanding has translated to a firmer rare coin market.
The large auction sales conducted in conjunction with the ANA convention are also a barometer of the coin market. While collectors buy out of these auctions, dealers provide the majority of the demand. The many millions of dollars of rare coins absorbed in the space of a week go into dealer inventories, and dealers who are moving coins are much more willing to spend at auction.
We will be keeping a keen eye on the middle market to see how it fares.
**THIS WEEKS MARKET**
**Classic Commems:** Recent auction results are reflected, with slightly lower levels for a handful of issues.
**Walking Liberty Halves:** A number of updates here, especially in the later dates.
With this being the final Greysheet issue prior to the beginning of the annual World’s Fair of Money, it is a good time to reflect on the rare coin