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Gold On All Minds?
January 04, 2012

I am headed for the Florida United Numismatists convention this morning. It is back at the familiar convention center in Orlando, Fla., after being temporarily away in 2011.

A great convention will get the year started right. Will collectors be in a buying mood, or will bullion investors take over the action? I can’t wait to find out.

Gold started the year yesterday by shooting higher by $33.90. It closed at $1,599.70 in New York trading. Another strong day would make a lot of potential buyers eager to get their deals done.

Silver also was strong yesterday, rising $1.658 to close at $29.533.

Heritage will be offering some fantastic auction lots. Gold coins are heavily represented. I imagine the firm hopes collectors will be as emboldened to buy gold coins by the change in the calendar year as the bullion market traders were yesterday.

Speaking of gold, I had a phone call yesterday from someone who had the Nov. 22 issue of Numismatic News in his hands. It carried a front page story about the record 1,000-kilo Australian gold Kangeroo coin then worth over $55 million.

The caller wanted to order one. I told him my firm did not sell coins (let alone the largest gold coin in the world). Then he asked if I could place an order for him. I told him that as a newspaper editor I could not do that for him.

He didn’t sound like he was related to Bill Gates, but if he is, I guess I blew my big chance.

More Coin Collecting Resources:

State Quarters Deluxe Folder By Warmans

• Subscribe to our Coin Price Guide, buy Coin Books Coin Folders and join the NumisMaster VIP Program

Strike It Rich with Pocket Change, 2nd Edition

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About the Author
David C. Harper has been a coin collector since 1963. He joined the Krause Publications editorial staff in 1978 and is currently editor of Numismatic News and World Coin News. He also edits two books annually, North American Coins & Prices and Coin Digest. He is the author of the Class of '63 column that runs each week in Numismatic News. His first bylined numismatic article appeared in the June 1971 issue of Coins Magazine and his various Krause Publications assignments included a stint as editor of the magazine 1980-1983. Harper received a bachelor of science degree from the University of Wisconsin-Oshkosh in 1977. He had a double major of journalism and economics.

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