If you are looking to invest in the Australian rare coin and banknote industry our team is ready to partner you through the process.
Here is our quick step-by-step Guide to Buying. It’s a perfect overview.
Concentrate on market areas with strong records of capital growth
Success breeds success. It is an old adage but it is tried and true. Square Pennies, pre-decimal proofs, quality colonial material, high quality George V banknotes … these sectors have shown positive financial growth through both buoyant and gloomy economic times.
Ask for financial data on the piece being considered
Has it come up at auction before and how many times? Has it been sold by private treaty? What were the prices? These are simple questions, the answers of which are very revealing.
Strive for quality and don’t compromise on quality
Don’t accept the coin with the gigantic edge knock or the banknote with the tear that has been discounted to a level that is within your price range. If you can’t maximise quality in the area that you are seeking, find another area that will suit your budget.
Establish a quality ranking
Ask where the piece rests in the scheme of things. A coin or banknote does not have to be the finest known to show positive growth, but if its quality ranking is in the lower strata, growth may be weak and liquidity compromised.
Confirm the provenance
A provenance is information that buyers need to know and is provided with every coin or banknote sold by Coinworks.
Our final thoughts
In considering coins and banknotes for investment, there are some useful parallels to investment in real estate.
Successful properties are limited in supply and very much in demand. It's the same with numismatic rarities.
In real estate, as in numismatics, selection comes down to timing, budget and the ability to fulfil specific income and investment objectives.
And as astute property buyers access information for their selected suburb, currency investors must also look to historical data to assess an opportunity.
Coinworks will provide you with a wealth of knowledge, guided by experience, insights gleaned from personal involvement on a daily basis, and upon research.
We are one of the few companies in Australia (if not the only) that researches both provenance and price background.