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V19 2016 INDEX       E-SYLUM ARCHIVE

The E-Sylum: Volume 19, Number 3, January 17, 2016, Article 25

THE BRITISH VIEW OF COINS AS INVESTMENTS

Joe Esposito writes:

Coin News December 2015 issue The editorial in the December 2015 issue of the British publication Coin News highlights some differences between British and American numismatics. John W. Mussell notes that the American emphasis on “the minutiae of grading,” slabbing and viewing coins as investments is largely antithetical to British numismatists. And yet, he asks, with the aging of British coin collectors, is it appropriate to “learn a thing or two from the Americans?” He ends by musing, “Is it time to take ourselves down that same path as they have trodden in order to expand our hobby, or is that a step too far?” It will be interesting to see how that plays out.


Joe sent me a link to the article, where Mussell correctly notes the differences in the nature of the U.S. and U.K coin markets, and the vast difference between uniform modern coinage and say, hammered Saxon pennies. -Editor

"The slab has allowed the collector to buy and sell coins much more easily and this has led, logically, to a boom in coins as investment. In the UK, with grading being so subjective such trading solely as a money-making exercise isn’t quite so easy.

"... Is it now time to look at encouraging investors? Encourage the looking at coins as commodities as well as collectables? Is it (shock, horror) time to slab?"

Slabs and third-party grading and authentication services are here to stay; the market has decided that question long ago. Attempts to move slabs beyond regular-issue modern coins have a mixed record of success, generally working for well-studied areas like U.S. colonial coins and falling down in more esoteric areas where the knowledge of the slabbing company staff is often less than advertised. It will be interesting to follow the situation in the U.K. -Editor

To read the complete article, or for more information on Coin News, see:
December 2015, Volume 52 No. 12 Two nations divided by a common hobby (www.tokenpublishing.com/issue.asp?iid=427)



Wayne Homren, Editor

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