Rare coins soared 25 percent in value over the past year and 248 percent
the past ten years, according to the Luxury Investments Index in the
recently-released Knight Frank 2013 Wealth Report. However, numismatic
experts caution that before making a purchase investors should beware of
unscrupulous "boiler room" dealers who may promise more than they
"Rare coins are an enjoyable hobby and part of some people's long-term
portfolios, but buyers should remember the important adage: If you don't
know rare coins, you better know your rare coin dealer," said Jeffrey
Bernberg, President of the Professional Numismatists Guild (www.PNGdealers.com).
Founded in 1955, the PNG is a nonprofit organization composed of many of
the country's top rare coin and paper money dealers. PNG members must
adhere to a strict Code of Ethics (http://www.pngdealers.com/category.php?category_id=6)
in the buying and selling of numismatic merchandise.
"The authoritative Knight Frank Wealth Report and the recent,
record-breaking auction of the first rare coin to reach the $10 million
dollar level have prompted more people to look into rare coins as
long-term investments," Bernberg explained.
"As with stocks, bonds, fine art or real estate, the numismatic market
is a highly specialized field. We encourage buyers to read about coins,
learn the basics and work with a professional, expert dealer before
making a large investment. PNG members must demonstrate knowledge,
responsibility and integrity in their business dealings, and must agree
to binding arbitration to settle any unresolved disagreements over
A complete list of PNG member-dealers can be found online at www.PNGdealers.com.
For a complimentary copy of the informative pamphlet, "Important Things
to Know Before You Buy Rare Coins or Currency" or a printed directory of
PNG member-dealers, send your name and address to: The Professional
Numismatists Guild, 28441 Rancho California Rd., Suite 106, Temecula, CA
92590. Contact the PNG by phone at (951) 587-8300, by email at info@PNGdealers.com
or visit online at www.PNGdealers.com.
The full Knight Frank 2013 Wealth Report is available free online at http://my.knightfrank.com/research-reports/the-wealth-report.aspx.