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Week of June 16th, 2006
Hi All, Boy it’s getting to be like summer here in Western New York. Going into the high 80’s 90’s this week. I love the changes of the seasons as each season has a wonderful effect on our beautiful world. Time comes and goes so fast it’s sometimes hard to keep up with things. Just as in Numismatics our hobby is on the move up, up and away. Even with the steep drop in gold prices this past week the search goes on for great coins. Personally I was delighted to see the correction as it is much healthier for all involved as I feel a runaway market is the most damaging thing that can happen to our hobby. Steady growth is the best thing that can happen. We need slow steady growth and I really feel that is what is going to happen as the dust settles. As it happens there is just very intelligent money entering the market. Collector/investors who are doing their homework about what they are doing with smart investments. Reading, studying, asking questions. I love to see that as a smart collector will be a happy person in the final analysis of things.
Now as summer come upon us keep in mind if your dream coin does happen to pop up don’t pass it by as you may never see it again. We have once again sold some great coins this past week; a Smashing 1836 $5 MS65 PCGS certified pop 2/0 that was frosty and stunningly original.
Please check out our new gems as we do have some spectacular Morgan dollars including a 1881 MS67 Frosty and struck to the teeth along with some fantastic New Saint Gaudens better dates and some great type coins a spectacular 1856 Seated Half PF64 Cameo PCCS pop 2/0 very rare mintage of 25 coins a wonderful 1909SVDB MS65 RD PCGS.
Well enjoy and relax. Keep tuned for more of our weekly market talk.
Very Best,
David C. Albanese Pres.
Albanese Rare Coins Inc.