Eye of a Collector.
What does it mean to have the eye of a collector?
Coin collecting, much like other upscale collecting hobbies, has collectors of all levels. Rookies to novices, novices to professionals. What separates the pack?
Does having the eye of a collector mean following every upcoming trend? Perhaps it means to follow the forums and ask what other people are doing, collecting, buying.
In my opinion, having the eye of a collector means following your heart, how a coin makes you feel. Trends are as fleeting as the summer sun in the Pacific Northwest. But what sets apart the rookie collectors from the professionals is understanding what creates those trends, what moves them in and washes them out. Once you've acquired the taste for trending patterns, the mind begins to see coins in a new light.
For example, every year there are seemingly endless versions of the various Lunar series coins. This year being the Lunar Year of the Dragon, we are currently offering 27 different versions of coins depicting the Year of the Dragon. But of those 27, a few stand out among the crowd. The Perth Mint 1oz Silver High Relief Proof Year of the Dragon, and the Russian 1oz Silver Proof Year of the Dragon coins were priced
nearly 5x over spot for the Russia version and 8x over spot for the Australian High Relief.
The difference between these coins and the rest of the Dragon coins are that the professional collectors saw the true value of these coins and bought them early, this quick draw sent the prices skyrocketing and lead to a very quick sell out of these coins at their respective mints.
What differences in these coins made them have true value over the others?
Well to start with, Russia is known for creating coins of superior quality and also keeping the mintage very low. Russia made only one Year of the Dragon commemorative coin and did a superb job at it.
In Australia, they have made numerous variations of the Year of the Dragon coins, Gold, Silver, and Platinum. 1/10oz, 1/2oz, 1oz, Nearly every color of the rainbow and more for the 1oz Silver variety. But, only one was a high relief, which from the beginning of the listing on the Perth Mint's website has been labeled "Limit of one coin per customer" and shortly after being listed was branded "Sold Out". The professional collectors of this world saw the High Relief, combined with the low mintage of only 7,500 pieces and saw, even better, felt the need to add this coin to their collection.
It is this acquired feeling, the feeling and sense of knowing what sets apart the coins that are truly unique and worthy of being in a true collection, rather than buying a Purple colored Brisbane ANDA Coin Show Special - Australian Year of the Dragon 1oz Silver Coin simply because you were at the show and at the time it looked nice.
I must admit, this is purely my opinion and although this is what I do for a living, I too have room to grow and learn.
What does the audience think about having the Eye of a Collector?
Please feel free to comment and offer your opinion on this matter.
What does it mean to have the eye of a collector?
Coin collecting, much like other upscale collecting hobbies, has collectors of all levels. Rookies to novices, novices to professionals. What separates the pack?
Does having the eye of a collector mean following every upcoming trend? Perhaps it means to follow the forums and ask what other people are doing, collecting, buying.
In my opinion, having the eye of a collector means following your heart, how a coin makes you feel. Trends are as fleeting as the summer sun in the Pacific Northwest. But what sets apart the rookie collectors from the professionals is understanding what creates those trends, what moves them in and washes them out. Once you've acquired the taste for trending patterns, the mind begins to see coins in a new light.
For example, every year there are seemingly endless versions of the various Lunar series coins. This year being the Lunar Year of the Dragon, we are currently offering 27 different versions of coins depicting the Year of the Dragon. But of those 27, a few stand out among the crowd. The Perth Mint 1oz Silver High Relief Proof Year of the Dragon, and the Russian 1oz Silver Proof Year of the Dragon coins were priced
nearly 5x over spot for the Russia version and 8x over spot for the Australian High Relief.
The difference between these coins and the rest of the Dragon coins are that the professional collectors saw the true value of these coins and bought them early, this quick draw sent the prices skyrocketing and lead to a very quick sell out of these coins at their respective mints.
What differences in these coins made them have true value over the others?
Well to start with, Russia is known for creating coins of superior quality and also keeping the mintage very low. Russia made only one Year of the Dragon commemorative coin and did a superb job at it.
In Australia, they have made numerous variations of the Year of the Dragon coins, Gold, Silver, and Platinum. 1/10oz, 1/2oz, 1oz, Nearly every color of the rainbow and more for the 1oz Silver variety. But, only one was a high relief, which from the beginning of the listing on the Perth Mint's website has been labeled "Limit of one coin per customer" and shortly after being listed was branded "Sold Out". The professional collectors of this world saw the High Relief, combined with the low mintage of only 7,500 pieces and saw, even better, felt the need to add this coin to their collection.
It is this acquired feeling, the feeling and sense of knowing what sets apart the coins that are truly unique and worthy of being in a true collection, rather than buying a Purple colored Brisbane ANDA Coin Show Special - Australian Year of the Dragon 1oz Silver Coin simply because you were at the show and at the time it looked nice.
I must admit, this is purely my opinion and although this is what I do for a living, I too have room to grow and learn.
What does the audience think about having the Eye of a Collector?
Please feel free to comment and offer your opinion on this matter.
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