Palm Desert Coin Dealer Suggests the Rare Coin Market Could Be a Bubble Ready to Pop
Palm Desert, CA (PRWEB) July 22, 2013 -- Markham Numismatics is warning that the Rare Coin market could be due for a correction at any time. This local coin dealer has seen prices of gold and silver bullion dropping well below their highs, and there seems to be little market support even at current lowered prices. The rare coin market historically lags silver and gold markets, so now is the ideal time to cash in on rare coin profits.
The economy and the housing market are showing signs of improving, and Markham Numismatics has noticed that people who invested their savings and IRA funds in gold and silver are starting to question this decision. The television "gold gurus" failed to mention gold prices would plummet to $1200 in July of 2013 after reaching a high of $1900. Investors are already seeing real estate as a better investment opportunity and are reverting back to more traditional investment vehicles.
A spokesperson from Markham Numismatics explains, "I feel that many areas of the rare coin market are due for a correction. Now is the time to sell coins or part of your rare coin holdings and lock in profits."
From PCGS and NGC graded rare coins to ungraded coins, now is a great time to sell. Smart investors and Collectors know that there are fertile times to accumulate coins, times to hold them and times to sell and sit on the sidelines with cash.
When asked why more people don't make profits on coins, Markham Numismatics explained, "Emotions are the number one obstacle between collectors and investors and the profits they want. In their mind, the coins become these irreplaceable objects that they just can't part with. So they hold them while watching their profits come and go."
Markham Numismatics has a sell recommendation on some rare coins, and is recommending taking profits at this time. Markham Numismatics is committed to providing recommendations and advice focused upon the customer's goals. They are a BBB A+ rated Rare Coin Dealer. They've been assisting collectors with substantial Rare coin holds to manage their portfolios for over 20 years, as past grader for PCGS they have unsurpassed knowledge in coin grading and coin values. Which allows them to find the treasures in your coin collection. They have been buying coin collections for over 25 years. When selling coins they are the smart place to sell coins.
Markham Numismatic LLC
5225 Canyon Crest Dr
Riverside, CA 92507
1-800-953-3027
(951) 686-2122
http://www.markhamnumismatics.com
https://plus.google.com/102940631366749823174/posts
Darrel Chavez, Get Local, http://www.getlocalmaps.com/, 714-404-8025, [email protected]
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