Gary Knaus is president of Numismatic Investments Corporation, which analysed the US rare coin market and discovered price anomalies that may afford long-term, arbitrage-like investment opportunities.
Beyond being a collectable, Gary shares his views on the investment benefits offered by this alternative asset class...
Would you say investing in rare coins is a well kept secret? How did you uncover the price anomalies?
Rare coins have traditionally been the domain of collectors, receiving only sporadic attention from the mainstream investment community.
In the late 1980’s several rare coin investment funds were established by Wall Street firms which drove prices to dizzying heights. These stratospheric prices pushed collectors to the sidelines and without their support the market eventually collapsed. Since then, investing in coins has been largely confined to wealthy, knowledgeable individuals working in concert with coin dealers.