The news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council.

Monday, 27th July 2009 (3575 views)

Collecting coins remains a popular hobby, particularly as the value of gold has remained strong amid the recession, according to a Liverpool-based collector.

Speaking to the Watertown Daily Times at the 31st annual Thousand Islands Stamp, Coin, Postcard, Jewellery, Gem and Collectibles show in New York state, Mark R Caiello said programmes such as the US Mint's new state quarters scheme have also helped to boost the popularity of coin collecting.

Demand for some rare coins can increase during periods of economic turbulence, he added.

"Gold has really retained its value. It's very strong," Mr Caiello said.

The show's director, George A Mingle, noted that the weekend-long event boasted steady attendance and a total of 45 vendors displayed their wares in Recreation Park Arena - an increase on last year's figures.

Earlier this month, the Wall Street Journal reported that sales of the 2009 Ultra High Relief Double Eagle gold coin reached 68,445 during the first half of the year.

The numismatic coins - the value of which are generally dependent on condition, age, rarity and mintage - were released in January.

 

« Back to Gold News stories