Editor's note: this is the first 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.
In recent years the market for modern coins has exploded. In part, this
reflects the changing demographics of numismatics as new collectors
join the hobby.
They are often younger and less financially secure than more
established collectors, who tend to be older, wealthier, and more
interested in the classic collector coins they remember from their
youth. Newer collectors are often drawn to modern coins because they
are easier and less expensive to collect than classic American and
other older coins.
Speculators looking to cash in on a popular coin while interest in
it is high also help shape the modern coin market, and in some cases
this can produce an intense frenzy, such as with last year’s Baseball
Hall of Fame commemorative coins and Kennedy gold half dollars. Modern
collectors will often purchase multiples of a hot issue.
Read the other pieces in this series:
The market for modern U.S. coins remains the largest and most mature
part of this segment of numismatics for sure, but modern world coins
have also seen their share of the market grow substantially.
Collector coins from world mints are notable for their low mintages,
stunning designs, and an almost bewildering range of themes,
especially on commemorative issues.
Certain standout issues become big hits with collectors either right
away or over time, driving up secondary market values sharply, such as
the coins in the Cook Islands’ Tiffany Art silver series (issued in
2-ounce and kilo sizes) that is in its 11th year of production, while
others have seen their values decline as collectors lose interest.
As interest in modern world issues has grown and the number of such
coins minted has multiplied exponentially over the years, so has the
number of such coins that are professionally graded by third-party
companies. This includes world bullion coins and commemorative issues,
which are both collected in graded and ungraded examples.
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collecting Coronet gold $5 half eagles: Q. David Bowers
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Proof coins are good for the hobby: Louis Golino
Uncirculated 2015-W Native American dollar in 2015 American $1
Coin and Currency set
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