Editor's note: this is the second part of a series by Louis Golino
exploring the demand for modern graded coins. The feature appears in
the September monthly issue of Coin World.
Collectors of modern world coins, like those who collect U.S. coins,
take different collecting approaches. Some will only purchase items in
their original government packaging. Others don’t care about the
packaging and buy coins that are either “raw” or, instead, in
third-party grading slabs. Others submit their coins to be graded.
World commemorative coins often are packaged in impressive display
cases that many buyers feel enhance the coins’ aesthetic component,
and this leads some buyers to have a strong preference for coins in
the original packaging.
Read the other pieces in this series:
In fact, packaging can increase the value of certain world issues if
it really captures the interest of buyers, such as with the recent
two-coin Star Trek set, which was issued both as two individual coins
in distinctive, round boxes, and as a two-coin set made to look like
the transporter that was made famous on the original television series
that the coins commemorate. The two-coin sets had a limit of 1,500
units and their value quickly rose to more than 50 percent over the
value of the individual coins.
In the U.S. market, graded world coins have grown in popularity in
recent years, and numismatic experts expect that trend to continue,
and to continue to spread to other world markets.
Some collectors find that the large display boxes many world issues
come in are a lot of trouble to store, and so have a preference for
graded coins as a means of organizing their collection. Others buy
graded examples to compete for the finest registry sets of the grading companies.
But the true allure of graded coins is the quest to own the finest,
the top-graded Mint State and Proof 70 coins, whether for registry
sets or because the 70 examples are more valuable than their
lower-graded and ungraded counterparts.
However, modern collector coins are made to such high quality
standards and treated with such great care during production, that
examples grading 70 are often quite common, and this is one reason
certain buyers eschew graded examples.
At the same time, unlike most modern U.S. coins that have large
graded populations, many world issues have not been submitted for
grading in large numbers. This may provide opportunities to enhance a
coin’s apparent value since, if few Proof and MS-70 pieces are
recorded, the coin may sell for a strong premium in that grade.
More from CoinWorld.com:
the modern world coin graded market is growing
coin and currency set boast special dollar
government to return millions in Liberty Dollars
stories for U.S. coins add mystery to their background
collectors keep coins in original packaging?
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