“With the rise of the price of gold, the popularity of rare coins has increased dramatically over the last month,” said John Feigenbaum, president of David Lawrence Rare Coins. “We’re noticing a number of new collectors investing in quality coins.”
The two unrelated fresh collections were available at approximately the same time, and spurred the idea for the Golden Opportunity Sale due to their impressive and hard-to-find pieces.
The Mollie’s Gold Collection featured a top-10 ranked PCGS $20 gold coin St. Gauden’s Registry Set. A 1924 $20 gold coin with a PCGS/CAC rating of MS67 brought in more than $15,000 by itself.
The Bayside Collection included an exquisite 1802/1 $2 1/2 PCGS grade MS61 with CAC approval. This coin alone was worth more than $29,000. There were many CAC coins (http://www.davidlawrence.com/
“We’re seeing a resurgence of collectors coming back into the rare gold coin market,” said Feigenbaum. “A lot of folks have been sitting on the sidelines until recently, but now feel more comfortable putting their money into hard assets, such as coins.”
The two gold coin collections are a sign of the renewed interest the Virginia-based dealer has seen in its weekly online auctions of rare coins. The company anticipates the trend will continue over the next several months, as the prices for metals continue to reach record highs.
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About David Lawrence Rare Coins: David Lawrence Rare Coins (http://www.davidlawrence.com/