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July 17, 2009, Newsletter Issue #178: The Economics of Foreign Coin Collecting
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Tip of the Week
You’ll find coins from faraway lands, coins unearthed from sunken treasures, and coins steeped in history. What is there not to like about foreign coin collecting? Coin collecting will always be tied to economics, and with foreign coin collecting, it often works in your favor. Here is why:
You can find many coins from around the world for pocket change. Spend a few dollars and you can go home with a handful of foreign coins.Foreign coin collecting will be tied in to the exchange rates, so prices will vary. However, when the dollar is strong, it is the time to buy foreign coins. Dealers will adjust their coins to compensate for fluctuations in the currency exchange rate, but if you keep an eye out, you might find an incredible bargain.You can find coins that are better in quality, more rare, and with a greater variety than if you stuck only to coins on US soil.
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