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| Above, a 2023 American Silver Eagle. Photo by Armand Vaquer. |
The old adage, "Buy low, Sell high" is alive and well.
The gold and silver spot markets may be "soft" in recent weeks, but that hasn't dented the demand for coins of higher grades. The low spot markets are opening up opportunities in getting better deals. It is definitely a buyer's market.
Numismatic News wrote:
The spot price of both gold and silver has become soft recently, but you wouldn’t think so if you were a dealer in coins or bullion trying to keep sufficient stock on hand. Demand for both metals both in bullion coin and collectible coin form continues to surge. The weakened stock market and uncertainties surrounding high interest rates and a possible recession are helping to feed this frenzy.
The frenzy for quality coins continues on as well. The gap between condition rarity and coins graded anything but at the top has widened, as well as has the gap between many proof and uncirculated modern Mint products in the secondary markets.
To read more, go here.
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