During this “new normal” year, when hunting through row after row of dealers’ inventory boxes may only be a memory, what will be the long-term effects on collectors searching for affordable, potentially profitable coins?
The market for U.S. coins has remained quite active despite pandemic problems. Unable to attend coin shows and club meetings or visit a local dealer’s store because of cancelations and closings, many hobbyists turned to online and mail-order sales and auctions to add to their collections, whether it is inexpensive, circulated common date Indian Head cents or million-dollar rarities.
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Q. David Bowers
GREAT COIN HOBBY PROMOTER
PCGS SOLD, NEW COIN DESIGNS, SOARING SILVER
In November, the news was that an investor group led by American billionaire hedge fund manager and majority owner of the New York Mets Steven A. Cohen and collector Nat Turner plan to acquire Collectors Universe (NASDAQ: CLCT) for about $700 million.
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