October, 2004  Page 1 Page 2 Page 3 Page 4 Newsletter IndexHome

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or Rarity 8 (2-3 total mintage).  These coins generally  cost $20,000 each, or more.

      If we knock out Rarities 4, 3, 2 and 1—the most populous issues—a total of only 29 total designs—we are left with between 9021 and 15,623 total possible pattern coins in existence.   About one-third of these are damaged, circulated, in otherwise poor condition, or ugly.  Also, this refers only to mintage figures.  Survival rates can be significantly lower.

      This means attractive Patterns in the Rarity 5-Rarity 7 range number only about six to ten thousand total


Following are seven common reasons people sell their coins:


¨         You have “junk” coins you wish to trade for rarities.

¨         Your coin accumulation is  heavy, bulky, and you wish to consolidate it or turn it to cash.

¨         You need cash.

¨         Your age or condition requires simplifying your assets and making them liquid. 

¨         You overpaid for coins that now are static, and you could use a tax loss.   

¨         You inherited a coin collection you need to sell or split among the heirs.

¨         You have lost interest in coins.

Thinking of Selling Your Coins?

Coin Demand Increases     (cont’)

Patterns (cont’)

Customized Numismatic Portfolios


areas appear inexpensive, which entices buyers to that area.

      Strong upward movement in the last four years for silver dollars, proof and mint sets, uncirculated rolls, especially quarters, and even wheat and Indian pennies now make rare date gold seem “too inexpensive.”  Rising gold bullion prices give an added boost to the natural ebb and flow of this cycle.. 

      .  That, coupled with the long inactivity in rare date gold indicates that now is a great buying opportunity.  This view is supported by the fact that bargains on great rare date gold coins were apparent at the last Long Beach Coin Show.


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there is more rare gold than actually exists.

      Prices of gold coins, like all commodities, go through cycles which may not be regular, but certainly include times of stasis.  These last four years has been a “stasis” period. However, that may be about to change.   

      Throughout the nineties, gold coins were active in an otherwise lackluster overall coin market.   This was because, in the early nineties, gold prices seemed low by comparison with other parts of the market.

      Different areas of the coin market move at different times.  After one area runs up, other areas seem “inexpensive” by comparison, which entices buyers.  When that area runs up, other


Text Box: The Sheldon Scale
The Sheldon Scale (1-70) describes coin grades. It replaced the old word system (good, fine, uncirculated), but most coins are still described with both systems, such as Fine-12, or Extra-Fine 45.   Here are the two systems.
   Word         Sheldon
About good	0-3
Good		4-8
Fine		10-18
Very Fine	20-35
Extra Fine	40-48
Almost Unc.	50-58
Uncirculated	60
Choice Unc.	63
Gem Unc.	65
High Gem	66 +
The Rarity Scale

Rare Coin Report

is written and published by

Lawrence D. Goldberg,

owner of

Customized Numismatic Portfolios

(c) October, 2004  All Rights Reserved

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