As doubts continue about the durability of “fiat” money economies, Stanley Gibbons, the firm famed in the stamp collecting business, has rolled out a rare coin index showing prices having risen 248 per cent since 2002, an compound annual growth rate of 13.3 per cent
As doubts continue about the durability of “fiat” money economies, Stanley Gibbons, the firm famed in the stamp collecting business, has rolled out a rare coin index showing prices having risen 248 per cent since 2002, an compound annual growth rate of 13.3 per cent.
The Rare Coin Index, giving a representative sample of 200 rare British coins, taken from the standard catalogue of UK coins, is designed to capture growth in pieces ranging £225,000 to £5,000. To give one of the strongest examples, a 1247-1272 Henry III gold penny with sceptre mark fetched a price of £225,000 this year, a jump of 309.1 per cent over 10 years.
The best performer in the index- a 1663 Charles II gold guinea – shows a CAGR of 27.8 per cent, Stanley Gibbons said.
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