Like any market, the rare coin market has plenty of ups and downs. Most collectors and investors would agree that there have been more downs than ups of late, but that trend is likely to change in 2013. Funnily enough, a healthier market could actually slow down activity among some collectors. For some folks, collecting rare gold and silver coins is strictly about investing in tangible assets, and many start doing during tough financial times. There are also people who sell their rare coins when the economy flounders. The point here is that during good times and bad, there are always people looking for exceptional rare coins.
Predicting Market Movements a Year in Advance
There’s not an exact science to predicting what the rare silver and gold coin market will do. However, there are plenty of ways to speculate and make educated guesses. Most rare coin collectors are in it for more than financial gain, however, and keeping an eye on the market is more akin to entertainment for them. There are certainly people who are strictly investors, of course, and they watch the market like hawks to ensure that their investments will remain sound throughout the year.
Everyone wishes there was a crystal ball that could broadcast the course that the market will take in 2013. The rare gold and silver coin market is influenced by the value of gold and silver in general, so keeping track of gold and silver prices can provide valuable clues about what to expect from an investment standpoint. Still, the current value of precious metals is just one piece of the puzzle. If a rare coin represents an extraordinary example and is needed to complete a particular series, a collector may be willing to pay far above what many investors would.
Gold and Silver Prices in 2013 Continue reading