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As thousands of new collectors entered the market,the price of many rare coins soared.
During Covid, pricing became somewhat inflated, saidTed Ancher, Director of Numismatics at coin dealereshipAPMEX.
Id say it sort of reached the highest points they ever reached.
Currently, the rare coin market is experiencing what Ancher sees as a resettling.
Today, the same coin is worth about $285.
Ancher said that if you hold onto rare coins long enough, they will likely appreciate in time.
Unlike stocks, when they do appreciate, they will do so slowly.
Ancher said the discovery of hoards like this can often bring down the value of rare coins.
The coins likely came from a 4th century shipwreck.
Though rare, the sheer volume discovered could impact the value of coins from the same era.
Sometimes a coin sells for something very under market.
Auctions are just a snapshot in time, but they can influence the market, said Ancher.
However, he added that this doesnt mean you should start selling all your coins.
Most likely, that bidder just got really lucky.
Furthermore, its important to look for signs that a coins been cleaned when buying rare coins.
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