Current economic conditions should cause a rare coin price explosion in 2009 and beyond. While short term prices fluctuate, long term rare coin appreciation often surpasses stocks and real estate Weakness in stocks, real estate, dollar denominated investments and bailouts requiring the federal Reserve to increase money supply will propel capital toward coins and gold.
This will almost certainly force down the value of the dollar, probably to between 30-50% of current value over the next 5-10 years. That drop should increase demand or hard assets. While it is impossible to say how high coin and gold prices will climb I now believe that in this time frame, gold will likely hit or exceed $2000/oz and coins may well surpass their 1989 peaks.
Coin Mystery Of The Week: Do you know the story and value of these coins? Email Me with your guess and I'll post the best answer next week.
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Posted by: WellBeews | 12/22/2011 at 12:47 AM