Coin Dealer Australia - Sterling & Currency

Those with the argument that we're in / have been in a bit of a commodity speculative bubble may have some evidence when they look at some prices being realized on eBay - Submitted by Andrew Crellin on Mon, 11/03/2008 - 02:08. categories [ Tags:

• Market Movements

Asking a coin dealer what the state of the rare coin market is has to be akin to a wife asking her husband "Does my bum look big in this?" - you know the answer you're going to get even b

For those of you that don't follow the precious metal markets, depending on which dates you choose, prices at present are about 15% - 30% down on the highs that they made around March.

How I made it onto my flight on Friday night is still a marvel to me - I was standing out the front of my hotel at Darling Harbour at 18 50, when I had to be checked in at Mascot at 1920.

The silver price in AUD cracked $20 an ounce last week, and has remained above it ever since. What does this mean for collectors?

I got a query from a client the other day asking my thoughts on where I thought the Australian coin and note market may head in 2008.

You should know that the (seemingly) never-ending refrain regarding the precious metals markets that my former colleagues and I at Monetarium would write about are the subject of some mirth within the dealer community - I have been the subject of such hurtful and insensitive remarks as "you've been writing about it for years for God's sake, the law of probability says you were going to be right sooner or later", and so on.

Despite the rise in the price of gold,
silver, platinum and palladium in US$, we haven't seen a similar rise
in A$ here. The relative strength of interest rates here in Australia
seems to be pushing the A$ ever higher relative to the US$, as this
situation doesn't seem to be about to change any time soon. Barring a
dramatic increase in the US$ price of gold, I see A$ gold remaining
fairly stable for the short to medium term, which is probably an A$800