| Some of these were ancient coins, some were silver coins and many have been gold pieces. In one recently purchased collection, where most of the coins were purchased at least twenty years ago, I found gold counterfeits including a $2.5, $3, $10 and two small California Fractional Gold pieces. I have seen altered mint marks especially on mercury dimes and silver dollars. The list of possible counterfeits is huge, and I do not know a single coin dealer that has not been burned on |
| (Continued from page 1) counterfeit coins.
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| Following are six common reasons people sell their coins:
¨ You have an accumulation of “junk” coins you wish to trade for cash or for fewer but much more valuable coins. ¨ You need cash now. ¨ You have reached an age where moving your assets into “liquid” is appropriate. ¨ You paid too much for coins or bought at the peak and a tax loss against ordinary income or capital gains is attractive. ¨ You have inherited a coin collection, and you need to split the proceeds among the heirs. ¨ You have lost interest in coins. |
| Want to Sell Your Coins? |
| 1933 St. Gauden Makes History (cont’) |
| Counterfeits a problem? |
| Customized Numismatic Portfolios |
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marketing efforts among the larger existing coin marketers, and might create an atmosphere for some new entries into mass coin marketing area. In a supply and demand market, such extensive marketing in the face of a fixed supply could send prices, especially of better coins, soaring. With prices already increasing across the board, this could create real heat for the coin market. Dealers are the last Long Beach Coin show seemed to think this was occurring already. |
| (Continued from page 1) a result of a successful lawsuit by the coin’s owner. With the exception of two other examples now in the Smithsonian, this is the only extant coin from the melted down 1933 mintage. South-eby’s devotes fifty-six pages to the coin’s colorful and fascinating history. One reason for the coin’s notoriety is its expected auction price of between five and fifteen million. This will make the auction price the most expensive ever paid for a single coin. It could not come at a more opportune time for the coin market. Already boosted by a rapidly growing core of collectors, the media attention generated by the 1933 St. Gauden is raising the profile of coins nationwide. Since an auction record is almost sure to be set, news of the 1933 St. Gauden should have substantial coverage in the general media. No doubt this will spur
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| Rare Coin Report is written and published by Lawrence D. Goldberg, owner of Customized Numismatic Portfolios (c) June, 2002 All Rights Reserved Please feel free to call toll free with your comments and questions at: 800 334-3325 Fax: 818 557-0902 e-mail: nofreelunch@earthlink.net
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| I pay the highest prices. Call me now for a free consultation (800) 334-3325 |
