The Great Divide
by David Albanese

The rare coin market is truly evolving into two completely different segments, true rarities and then everything else. Take for instance some of these record smashing prices:
  • 1794 50c AU58 PCGS $253,000
  • 1848 $2.5 MS68 NGC Cal Gold $322,000
  • 1803 $10 MS66 NGC $333,500
  • 1918/7-D Buffalo 5c MS65 PCGS $351,750
  • 1795 Draped Bust $1 MS66 NGC $339,250
  • 1861 $20 Paquet MS61 PCGS $1,610,000
  • 1921 St. Gaudens $20 MS63 $1,495,000
...and I could go on and on but I think you get the point - being there is no shortage of people bidding on high 5, 6, and 7 figure coins. More and more sophisticated collector/investors are waking up and seeing what is truly rare and what is common. This will in turn keep coins of distinction moving in the upward position. I touched on this subject many times over the years and guess what, "you haven't seen anything yet." Now think about that for a while.

Very best regards to all,

David M. Albanese, CEO, Albanese Rare Coins, Inc.

David Albanese is a Nostomania coins advisor. Albanese Rare Coins can be reached at their outstanding web site.

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