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Press Release GPA for Coins
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Rare Gold Coins Return 39.4 Percent on Investment, But Timing Is Everything, Reports
a New Online Service
(PRWEB) Aug 8, 2007 -- GPA for Coins (GPA) reports that the certified coin market
has shown overall strong growth in 2007, but median prices are where they were in
the first quarter of 2006. However, the total gold coin segment has shown strong
median prices steadily increasing to give a return of almost 40 percent for those
who purchased in the first half of 2005.
Bob Green of Park Avenue Numismatics (www.parkavenumis.com)
agrees: “It is clear that the rare side of the market continues to have support
while the more common date material, dates easily obtainable in quantity, are slipping
back to levels seen 12-18 months ago.”
Like any other collectibles market, the perfect
time for buying and selling comes down to timing. The second half of 2006 generally
saw prices fall, and this was a good time to buy. Almost every coin category saw
a large jump in median price paid in 2007, and anyone selling after 2006 purchases
would have made an excellent return.
But as Bob Green notes, “It may also have a
lot to do with simple supply and demand dynamics.” GPA data shows that a much larger
than average volume of coins was traded between July 2006 and Dec 2006, and this
influenced prices at auction. It would appear the market can only bare so much volume
before prices (even for the stronger-showing gold coins) begin to fall.
Bob Green
continues: “Low population, rare date gold coins are constantly sought after by
a growing number of collectors looking to complete series, and with so few available
the markets should continue to climb to higher levels in this segment.”
The U.S.
rare coin market – consisting of an estimated 250,000 U.S. coins collectors/investors
and a further 2 million “average” collectors – has an estimated trade of $10 billion
per annum, providing lucrative opportunities for those well-informed.
With over
800,000 transactions, representing U.S. $1.3 billion, GPA is the world’s largest
repository of information available on publicly-traded certified coins, spanning
over a decade. GPA provides an unprecedented level of information to collectors/investors
on the prices realized for certified rare coins.
GPA is not a traditional price
“guide,” but a price reporting service, listing only actual prices realized in publicly
accessible auctions. As Susan Headly writes in About.com: “…the prices in coin price
catalogs are determined by coin dealers … the dealers who contribute to these coin
price catalogs have a built-in incentive to nudge the prices as high as they can.
Therefore, the short answer to the question, ‘Are the coin prices in most coin catalogs
accurate?’ is a qualified ‘No.’”
What makes GPA for Coins really exciting and instantly
different from anything else available in the market place is that the data is interactive.
As George Pantela, founder of GPAnalysis explains: “Via a web browser, you can set
parameters of the data set you wish to interrogate and then customize the output.
This can be as simple as drilling down to see individual prices paid for a specific
coin, to an overview of the market as a whole. Want to compare median prices paid
this year to the previous? No problem; our online toolset allows you to do this
in a cinch.” Additionally, subscribers of the service can permanently annotate individual
coin sales, compare relevant coins to silver and gold price trends, and manage and
automatically value their coin collection.
Jim Halperin, co-chairman of the world’s
largest collectibles auctioneer Heritage Auction Galleries (www.ha.com), believes
services like GPA for Coins are essential to the collecting community. “GPA adds
a level of confidence for buyers and sellers, helping them make informed decisions
when trading in an increasingly complex and expanding rare coin market,” Halperin
says.
For additional information visit the GPA website,
http://coins.gpanalysis.com,
or
contact Dirk van der Gaag, dirk.vandergaag@gpanalysis.com.
About GPAnalysis Pty
Ltd
GPAnalysis Pty Ltd, www.gpanalysis.com,
is a recognized innovator developing
online services for the collectibles market segment. In 2003 the company launched
GPA for Comics,
http://comics.gpanalysis.com, an indispensable industry reference
for the trading in certified comic books.
GPAnalysis Pty Ltd
Dirk van der Gaag,
Managing Director
Email: dirk.vandergaag@gpanalysis.com
Website: www.gpanalysis.com
Suite1, Level 4, 167 Queen Street, Melbourne VIC 3000,
Australia Phone: +61 3 9640
0420
Cell: +61 408 304 687
###
Links to images related to this News Release;
Screen
Shot 1, GPA pricing screen for individual coin:
http://www.gpanalysis.com/images/gpacoins_screen1.jpg
Screen Shot 2, GPA Market Report, Top 10 Coin Categories by Sales:
http://www.gpanalysis.com/images/gpacoins_screen2.jpg
Screen Shot 3, GPA Market Report, Last 4 Yearly Quarters, Total Sales/Total Volume/Median
Price Paid http://www.gpanalysis.com/images/gpacoins_screen3.jpg
Dirk van der Gaag:
http://www.dynasource.com.au/images/dirk.gif
George Pantela:
http://www.dynasource.com.au/images/george.gif
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