Civil War Era Gold in Recent Hoard Find
Any time there is a treasure find, it catches everyone’s attention. This includes the general public as well as collectors. The latest such headline-grabbing find is the “Great Kentucky Hoard” allegedly discovered in a corn field. The find is comprised of $20 double eagle and $10 eagle coins all dating from between 1850 and 1862, which could suggest the hoard was hidden during the time of the Civil War. Collectors will take interest in that this group includes the finest known 1863 Liberty $20 double eagle.
While bidders await the sale of the find, this news may encourage even more people to pursue coins as a hobby. Auction rooms are already packed, a sign the market is strong. It may not always be the prices realized that are the most important statistic – it can be how many individuals are participating in the sale. This is true for attendance at local club meetings, local coin shows, and larger bourses as well. With all this remaining positive, at the moment it can be said the coin collecting as well as the coin investing market continue to thrive.
Investors may also be watching the spot price of precious metals since many of their coin buys may involve intrinsic value, but the value of collectible coins, regardless of if they are generally available or rare, continue to hold or increase in value. Investors may also want to consider investing in the few publicly traded numismatic-oriented equities. Within the past month, these increased from 76.5 to 80.9 percent of their 52-week trading prices.