Are coin collectors happy with falling silver, gold and platinum prices?
For many coin collectors, an easing of silver, gold and platinum prices is welcomed. More so for those who stayed on the sidelines during this year’s precious metal run. And less so for those who purchased modern bullion coins at their price peaks, and are now watching the value of those coins move south — at least short term. Tom Michael of Numismatic News commented Thursday: As a coin collector, I would not mind a slackening in the investment end of the precious metals market. This outrageous bull market for precious metals we have been experiencing will at some level begin to really deter collectors. With gold this high, the downside risk for a collector becomes a serious factor and for the bullion accumulator a rise as fast and steep as the market experienced last winter should be a huge warning sign. Wise comments that many collectors are likely to share. For coin dealers, a volatile market certainly makes coin inventory and price management extra stressful. And for other sellers,
