To: IngotWeTrust who wrote (50782 ) 3/28/2000 3:10:00 PM From: Alex Read Replies (2) | Respond to of 116753
Coin Expert Predicts 5 Million New Collectors in 5 Years Business Wire - March 28, 2000 14:15 TIBURON, Calif.--(BUSINESS WIRE)--March 28, 2000--Dr. Donald H. Kagin, the nation's only Ph.D. in Numismatics, and considered the leading authority on U.S. gold coins, is predicting there will be 5 million new collectors of rare gold, silver and copper coins in the next 5 years. "For the past two decades virtually the entire rare coin market has been gradually shrinking as has the price of most rare coins. However, certain fundamentals as well as recent developments have changed the dynamics and direction of the market," declared Dr. Kagin at a recent seminar. "Collector interest in rare coins received a positive jolt with the recent release of the new gold colored Sacagawea Dollar coin. Unlike the Susan B. Anthony dollar fiasco, demand is extremely high for this new coin. Add to that the 5-year 50 state commemorative quarter promotion that commenced only last year. Demand is so high, that the first few states' quarters are now selling for several times their face value," Kagin explained. "Among the entire collector community, including treasure hunters, the recent sale and release of the largest gold treasure ever, the $100 Million S.S. Central America treasure, has created quite a sensation. "Now add to this, rising inflation with record energy prices, virtually full employment forcing much higher labor contracts, a very strong if not overheated economy, a worldwide increase in the demand for gold and a volatile stock market. It's no wonder we are in the beginning stages of the first bull market in rare coins in over 20 years. "And there appears to be no slowing down. With considerably more wealth and the general graying of the strong baby boomer collector base, we now see many collector/investors searching for diversification and a safe haven for their assets. "In effect, the rare coin market is now where the stock market was six years ago," concluded Kagin. Donald H. Kagin, Ph.D. a 30 year rare coin expert in the San Francisco Bay Area, can be reached by calling 415-435-2601 or at www.kagins.com. CONTACT: Donald H. Kagin, Ph.D., 415/435-2601 www.kagins.com go2net.newsalert.com