PCGS Tracks the U.S. Coin Market's BIGGEST GAINERS and LOSERS

Jaime Hernandez - October 14, 2008
 

Recently, PCGS has made some significant improvements to its website. One of the most intriguing improvements is the Rare Coin Market's BIGGEST GAINERS and LOSERS. The BIGGEST GAINERS and LOSERS are automatically posted online based on the changes that take affect in the PCGS Price Guide. The PCGS Price Guide contains pricing information for many significant U.S. coins dating back to 1970 and is updated every day (Monday through Friday).


Click screenshot
to see the BIGGEST GAINERS and LOSERS live web page.


Click screenshot
to see the BIGGEST GAINERS and LOSERS live web page.

With the new features you will now be able to determine which coins have gone up or down in value the most in the past day, week, three months or in the past year. With all the uncertainty in our financial economy, it is great to have such an instrumental tool that can provide us an inside look at the overall U.S. coin market in its entirety.

Amazingly, based on the PCGS Price Guide, there have been 41,860 individual price gainers in the U.S coin market compared to 5,712 losers this year. Compared to many other markets, the U.S. coin market seems to be performing very well. Incidentally, you will notice that many of the losers are modern coins. However, many modern coins adjust in price in relation to the spot price of silver, gold and platinum. As a result, many of these coins may be showing up as losers, but if they were tracked back to two years ago or even more, they have actually performed very well and would be on the gainers list. In fact, when modern coin collectors purchased many of their coins when they were initially released for their approximate market values, history will show that many modern coins have actually appreciated in price.

Take, for example, all the Gold Eagles bought in 1986, which today have more than doubled in price. The same applies to Platinum Eagles or other coins like the Silver Eagles, which have also done well. You have probably witnessed them go up in value tremendously. For instance, the spot price of silver was at about $14.25 in March of 2007, and in March of 2008 it was up to almost $21 an ounce, so many Silver Eagles also went up dramatically in price as their price is related to the spot price of silver.

When buying modern coins, one of the most important factors is timing, but the most important thing is to buy them because you enjoy them. Modern coins are fun to collect, exciting and full of diversity. And if you have bought different modern coins in the past few years, you have probably seen them perform very well.

With some of the new, innovative features on the PCGS Price Guide, you can get a glimpse of the entire U.S. coin market on a daily basis. You can also view the BIGGEST GAINERS and LOSERS for all of your favorite series and compare them to any other particular U.S. coin series. To view the BIGGEST GAINERS and LOSERS in the U.S. Coin Market, click here to visit the PCGS Price Changes page. You can also tune in to watch PCGS Founder David Hall's latest video as he discusses the latest weekly market activity.

What are you waiting for? Check out the BIGGEST GAINERS and LOSERS in your favorite series today!






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