Two Cracked Dies were snapped up in April (within a 24 hour timeframe) and two Second Die Adelaide Pounds are in the final stages of negotiation. Enquiries for nineteenth century Australian coins are at an all time high!
The tough economic environment is prompting people to seek out alternative investments. A noticeable trend amongst the new enquiries is the clear preference for the classics, by that I mean Holey Dollars and Dumps and Adelaide Pounds (Australia’s founding coins).
We have always had the greatest faith in Australia’s founding coins. They are fundamentally important to the industry and their success will be pivotal to an expansion of the industry.
And in superior quality the coins are extremely scarce. Their inherent rarity creates price stability, a point that has certainly not gone unnoticed with new investors. They are seen as a means of adding balance to an otherwise volatile investment portfolio.
Investors outlaid nearly $500,000 on two examples of the 1852 Adelaide Pound Cracked Die in April. One of the coins was last offered in 1998 and is in the top six of known surviving examples.
Two 1852 Second Die Adelaide Pounds are in the final stages of negotiation: one of which is ranked in the top five.
Investors have outlaid $2.25 million over the last ten months on six Holey Dollars. The sales have drawn a clear line in the sand on the price of a top Holey Dollar … a minimum of $400,000 is now required to secure ‘one of the best’.
Yes the retail environment is tough, but buyers are recognising the value that top quality rare coins offer.
Managing Director Coinworks