(PRWEB) August 9, 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 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, 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 regarding this Press Release visit the GPA website, http://coins.gpanalysis.com and click on "Press Releases", 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
###
The Franklin Mint Expresses Interest in Acquiring Recently Shipwrecked Coins from 'Black Swan'
The Franklin Mint, which recently offered treasure from the El Cazador shipwreck in one of the most successful sales of authentic coins in history, today announced its interest in pursuing discussions with Odyssey Marine Exploration (AMEX:OMR) to acquire all or part of the immense treasure trove of silver and gold coins recently discovered along with the "Black Swan" shipwreck.
Home Inventory Software ? Why Do You Need It?
"An ounce of prevention is worth a pound of cure" is a commonly quoted saying, but how many of us procrastinate taking actions we know would save us much headache? Making a (http://www.myedgesoftware.com/)home inventory of your home is one of those "ounces of prevention" every homeowner should insist upon doing.
New U.S. Mint Coins a Golden Opportunity
In April, the U.S.
Historical Silver Dollar Value Trends Reveal Coins Destined for Bullish Futures
Analysis of U.S. Peace silver dollars (minted 1921-1935) indicate only a few dates of this artistically acclaimed coin series are good bets to enjoy strong price advancements in the future. This conclusion is based on proven performance over a period of many years.
Why You Need To Buy and Sell Gold Coins (Part 3)
Putting Rare Coin Market Cycles to Work for You..
Coin Collection ? The Art Of Numismatics
The first known coin collector was Petrarch, who lived way back in the 15th century. A century later, Hubert Goltz visited a number of coin collectors throughout Europe and estimated that were approximately 960 collections in total. Numismatics gradually became a favorite hobby of royalty. Francis I of Austria wrote about his collection of gold coins in 1756. The British Museum established one of the first coin catalogues. From this have emerged more than 100 publications devoted to coin collecting.
Goldberg Coins Joins WorthPoint
Goldberg Coins & Collectibles partners with WorthPoint, a social network and search engine for collectors
U.S. Gold Coins Out Perform Gold Bullion by As Much As 3-1.
Wholesale rare coin prices show collectors that purchased numismatic gold coins have received a return far in excess of their bullion content, but rarity is the key for investors.
How to Design A Powerful Inventory Software?
I have been design and developing inventory tracking software for the pass 7 years, and from my experience, the most difficult part of Inventory software is the month end calculation. Any programmer can do that, but if the data grow from 4 GB per month, improper design will just kill the database in less than a year!
Coin Collectors ? Are Coins Your Passion?
The following paper is meant to be a guide for all our readers, hopefully you too. Like all coin collectors you probably love the many different coins that come your way. From these coins we can learn a little piece of what happened in history, the various activities and such. To the coin collectors the enormous amounts of different coins are valuable in their own way. They look closely at the different coins that can be added to their collections.
American Eagle Gold Coins: Why These Gold Bullion Coins Are a Worthy Investment
There's never been a better time to buy American Eagle Gold Coins An economic recession is almost assured
Challenge Coins - A Special Type of Coins
For your convenience we have published this article in order to let you know of everything related to the Challenge Coins. Enjoy ?
What Is "Key", When Collecting Coins?
Key Coin: A coin that is among the toughest and Most Expensive to obtain within a series In the Lincoln Cent series, for example, the 1909-S VDB would be considered the key, as would the 1914-D and often the 1922-Plain
Getting the Best Priced Hammered Coins
With demand far outstripping supply when it comes to old hammered coins, getting the best price can often be a real challenge for avid collectors and those that are buying hammered coins with a view to selling them and making a profit. Whatever your intention after you have bought your hammered coin, ensuring that you get the best deal is essential.
The Key To Protecting Your Valuable Coin Collection
Finding the proper place for storing coins is the world?s most important task for all coin collector?s or numismatists, because, for ensuring that the value and quality of their precious coins is well maintained, it is necessary to store them in a secure and good place.