Did you know there are gold coins from the Civil War era found in a hoard? Well, whenever there’s a treasure found, it grabs everyone’s attention. This includes us, the general public, as well as collectors. The latest headline-grabbing discovery is the “Great Kentucky Hoard,” allegedly found in a cornfield. We have a find here that consists of $20 double eagle and $10 eagle coins, all of which date back to the period between 1850 and 1862.
This leads us to believe that the hoard may have been concealed during the Civil War. I am pleased to inform you that the hoard includes the finest known 1863 Liberty $20 double eagle, which I am certain will pique the interest of collectors. As you await the sale of the find, this news may encourage you and others to pursue coins as a hobby.
The auction rooms are already packed, indicating the market is strong. Sometimes it’s not just about the prices achieved in a sale. The number of people participating can also be an important statistic to consider. It’s true for attendance at local club meetings, local coin shows, and larger bourses. I can say that the coin collecting and investing market is still thriving despite everything.
You may also want to keep an eye on the spot price of precious metals if you’re investing in coins with intrinsic value. However, it’s worth noting that collectible coins, whether widely available or rare, tend to maintain or even increase in value over time. You may also want to consider investing in the few publicly traded numismatic-oriented equities. In the last month, we’ve seen an increase from 76.5 to 80.9 percent of their 52-week trading prices.