Coin Market Rally Around the World – Numismatic News

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Numismatics seems set to be taken seriously, as is the fine arts market. June 20, Novaya Gazeta Editor-in-chief Dmitry Muratov’s 2021 Nobel Peace Prize medal shattered all numismatic records when it went up for auction for a staggering $103.5 million. The sale of the medal was intended to raise funds for charity; but nevertheless, the realized price far exceeded anything that had been sold before. (See related story.)

Coins sold individually for over a million dollars have become more common than ever. A unique 1870-S Seated Liberty half-dime preparing to sell at an auction in August will likely grab headlines as the coin flexes its financial muscle, but is unlikely to challenge the Muratov medal award.

What you need to understand is that while US coins are certainly leading the way in this frothy market, our national currency is far from the exception. Modern and ancient world coins also fetch exorbitant prices, with many achieving those prices outside of the United States. This is not a US parts market rally, but rather a global parts market rally.

The executive director of the American Numismatic Society, Gilles Bransbourg, recently observed that “the prices of old precious metal coins decoupled from bullion a long time ago.” We can say the same about American coins. Even an ancient Roman gold coin depicting Brutus, the assassin of Julius Caesar, pierced with a hole, recently sold for over $2 million. This is probably the highest price ever paid for a damaged part.

These are not moments of irrational exuberance, but they are moments of exuberance. The foot remains on the numismatic accelerator as the interest of

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