Last Updated on 3/19/2006 by bidz

Buy big money

By Thomas Kostigen, MarketWatch
Mar 15, 2006

“SANTA MONICA (MarketWatch) — Maybe it’s the fact that silver and gold prices have zoomed. Or maybe it’s the fact that the Internet provides a higher degree of transparency so people know a market exists for them to buy and sell. Whatever the case, coins and currency collectibles are garnering lots of interest and seeing big sales.

Last fall, Heritage Auction Galleries, which says it’s the world’s largest auctioneer of collectibles, sold two coins for more than $1 million. It re-sold both again last month for about 15% more.
And this isn’t rare. Heritage has seen it’s online subscriber base jump from 100,000 to about 350,000 over the past few years.

What’s with all the activity?”

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