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Brian’s Rare Coin Market Report and Outlook January 19, 2018

By Brian Kendrella, President

Author: Brian Kendrella / Thursday, January 18, 2018 / Categories: Brian’s Rare Coin Market Report and Outlook

Yesterday we completed our Official Auction of the New York International Numismatic Convention.  Highlighted by the Eldorado Collection of Colombian and Ecuadorian Coins and Colombian Paper Money, as well as many other fantastic collections and individual rarities, the sale achieved prices realized of $9.8 million.  This total represents a 75% increase from our 2017 auction, making it our largest NYINC sale in at least the past decade.

I’d like to personally thank each of our bidders and consignors for participating in the auction.

If you have any interest in consigning a single item, some duplicates or your entire collection, we are accepting consignments to our upcoming Spring Baltimore Auction through January 26th and our Hong Kong Showcase Auction through January 29th.

Market Report

Each year in early January, the FUN Show and NYINC set the tone for the New Year and provide great insight into both the US and World coin and paper money markets.  After attending each show, I am very enthusiastic about the prospects for the coin market in 2018. 

Each show was vibrant and energetic and attracted high attendance for both dealers and collectors.  In fact, it has been a number of years since I have seen shows as dynamic and active as this year’s FUN and NYINC.

Better material – high quality, rare, fresh, and/or CAC – continues to be in the highest demand and is bringing VERY STRONG prices.  The market for generic, common, and mid-quality material continues to weaken.  Throughout 2018 (and especially at the first sign of weakening of the equity market), I expect profits from this tremendous bull market to be invested into better numismatic material, further driving rare coin and paper money prices.

All the best,

Brian Kendrella