Collectible Coins Asset Class Characteristics

• Precious metal numismatic coins are a hard asset that historically have shown to often be insulated from declining values of paper currencies (e.g. the deterioration of the U.S. Dollar)
• Numismatic coins have historically been an excellent store of value and hedge against inflation
• Numismatics tend to have much less volatility in their prices than bullion (high circulation) coins which in contrast have almost a one-to-one relationship (1.0 correlation coefficient) with the movement of underlying spot precious metal prices. Numismatics have historically shown to have much greater price stability compared to bullion coins during both increasing and decreasing precious metals markets
• If structured properly (a disciplined and methodical approach meeting appropriate quantitative and qualitative criteria) numismatic coins can be an excellent asset class in which to diversify one’s portfolio