When this article was originally published, Atlanta Gold & Coin Buyers explained that, although many readers had not heard from the company for some time, it had remained very busy buying, selling, and evaluating coins and collections. The latter part of 2016 and early 2017 were described as the busiest period in the company’s history. The company thanked the thousands of customers who had done business with it and said it hoped to continue serving buying and selling needs in the months and years ahead. This original post was intended as a brief status report, a discussion of marketplace trends then being observed, and a list of newly available offerings.
Status Update
In 2016, Atlanta Gold & Coin Buyers opened an office in the metro Nashville area and stated that it hoped to establish there the same reputation it had built in metro Atlanta. The office partnered with a Nashville-area collector and investor said to share its values and interest in coins and currency. At publication, that office’s principal emphasis was buying because Tennessee, unlike Georgia, imposed sales tax on coin and currency sales. The article expressed hope that legal-tender laws, like those recently seen in Arizona, would eventually remove taxes from gold and silver coin transactions.
The original update also reported that Atlanta Gold & Coin Buyers had received Kudzu’s Atlanta coin dealer of year award for a third consecutive year and for the fourth time in five years. The company said it was honored by the recognition and credited customer loyalty, support, and feedback. It explained that past customers would know its emphasis on service, customer education, and transparent operations. For people who had not yet done business with the company at that time, the post said it looked forward to showing how it differed from competitors.
Another development reported in the original article was a partnership, made late in the prior year, with Trustpilot. The article characterized Trustpilot as the industry’s leading customer-review collection service. It said the platform differed from other review services because it permitted reviews to be posted and published only by actual customers. The post noted that many national e-commerce businesses used it to build confidence in their brands and products. To the company’s knowledge at publication, it was the only Atlanta or Nashville coin dealer using that service. Atlanta Gold & Coin Buyers said the partnership reflected its emphasis on transparency, service, and meeting customer needs, and that it welcomed customer feedback there.
Market Overview
At publication, Over the few months preceding publication, the article reported a modest weakening in the market for several numismatic coins and sets. Although they remained in demand, the following coins and sets were said to be under downward price pressure:
- GSA Carson City silver dollars
- Morgan silver dollars, in every grade, including culls
- Clad proof sets and silver proof sets
- Uncirculated sets issued by the Mint
- Modern commemorative silver dollars, proof and uncirculated
- Gaudens and $20 Liberty Head gold coins with common dates
- Most certified type coins, except high-end investment-grade examples
By contrast, the original article said demand for modern government-issued gold, silver, platinum coins, and bullion remained healthy. It specifically noted that platinum coins—particularly proof and bullion American platinum eagles—were continuing to exceed supply. The post attributed this partly to platinum’s then-current price and to the platinum-to-gold ratio, historically above 1. At the time this was written, that ratio was reported as only .8. According to the article, this helped raise premiums for certain platinum products. Platinum was described as differing from gold because it was principally viewed as an industrial metal: when demand declined for products made with platinum, including catalytic converters, its futures price also declined. Yet the article stated that platinum’s investment demand stayed strong even as industrial demand weakened. It also reported palladium as a top performer in 2017, while physical palladium coins and bars drew few inquiries.
At publication, Current Offerings
Because inventory changed continually, the original article listed several coin and bullion offerings that were available from Atlanta Gold & Coin Buyers at the time of publication:
Gold
- 1 oz American gold eagles: ½ oz, ¼ oz, and 1/10 oz oz
- 1 oz gold Krugerrands from South Africa
- U.S. gold coins before 1933, including $20, $10, $5, and $2.50 gold coins
Silver
- 1 oz American silver eagles
- 1964 and earlier 90% U.S. silver dimes, quarters, and half dollars “junk silver”
- 1 oz Canadian silver eagles
- 1 oz Australian silver kangaroos
- 1 oz Austrian silver philharmonics
- Silver bullion, including rounds and silver bars
Platinum
- At publication, Atlanta Gold & Coin Buyers reported purchasing every type of platinum coin and bullion. American platinum eagles were described as the most popular, though government-issued coins and privately issued bars were also of interest.
Summary
In closing, the original article said Atlanta Gold & Coin Buyers had been busy in the preceding months. It reported a new Nashville office, the Trustpilot partnership, and Kudzu’s 2016 Atlanta coin dealer of the year award. It also said the company was following numismatic and bullion markets and had identified above the offerings then described as more and less popular. At the time of publication, it further reported a healthy supply of coin and bullion offerings at Atlanta Gold & Coin Buyers. Readers were invited then to consult its inventory page for common items bought and sold. Those unable to find a desired item were invited to use the inventory page for email notification when it came into stock, or to email sales@atlantagoldandcoin.com or call 404-236-9744 for more information.
