September 20, 2021 1 min read
Jim Bisognani: Absence Made the Market Grow Fonder
Friends, another amazing season is just around the corner. A chorus of leaves brandishing their colorful fall wardrobes outside my living room window confirms this revelation. The NFL season has kicked off and our favorite team’s respective stadiums are filled with fans. In numismatic circles, the race is on for what seems to be a record in the last quarter of 2021.
While 2020 will forever be an eye-opener for the world and our ultimate survival, 2021 has continuously been an adjustment to what is now that “new normal.” What is definitive is that all collectibles have enjoyed a blaze of demand this interim. As for numismatics, this period is truly unfathomable. The market for coins, both US and world, is unlike anything I have witnessed in my era. I have lived through all the coin booms; and while each was dynamic, the sheer unrelenting demand in the last 18 months has been a phenomenon.
Rare, key, semi-key, certified, or raw, prices for virtually everything have been heightened. Of course, the appetite for those ultra-rare elite numismatic delicacies has been off the chart. By the end of August, a dozen NGC-certified coins had already powered past the million-dollar benchmark. To date, those 12 coins (five of them World coins) have realized a combined total of over $30 million USD.
The original article and others can be found at https://coinweek.com/modern-coins/jim-bisognani-absence-made-the-market-grow-fonder/