What are the “Blue Chip” areas of numismatic collections?
The spotlight is often on significant and recognizable artists of the Modern and Contemporary art market, with both the art world and financial world tracking their sale results and new world records at Sotheby’s and Christies annually. However, quietly and without fanfare, there are incredibly impressive markets for other tangible assets. This includes rare and collectible coins, for which the market of sales and acquisitions surpassed a staggering $4 billion in 2018 alone. Other categories include rare and historical manuscripts, collectible cars and luxury time pieces.
What are the “Blue Chip” areas of numismatic collections? Blue Chip coins, like stocks, are examples that have demonstrated long-term investment security and growth. For coins with numismatic value, which have value surpassing their intrinsic or material value, value is often tied to rarity and grade. Some of the areas in numismatics which are considered blue chip due to their appeal to serious collectors and a strong and steady value appreciation are the following:
1795 Draped Bust $10 Gold Eagle – 13 Leaves, sold for $2,585,000 at Stacks/Bower in 2015
1. “Early Gold”
1907 Indian Head $10 Indian Periods Rolled Edge, sold for over $2,000,000 at Auction
2. “Key Dates”
1907 Proof Saint-Gaudens Gold Double Eagle Ultra High Relief Lettered Edge, sold for over $2,000,000 at Auction
3. “Proof Gold Coins”
Serious numismatic collectors and investors tend to focus on these three collecting areas due to the significant rarity and the long-term investment that goes with that. With a fixed and limited supply of these early minted coins and demand ever increasing, the investment opportunity is solid and established.
Kerry Lee Jeffery
Director of Consignments
Pall Mall Art Advisors