Coin Collecting Sensations Started Early

Virtually every era has had them as market sensations grab the headlines. Many times they create enormous interest as there is nothing quite like the idea of a coin promptly soaring in price.

If you have any doubts, ask anyone who paid $240 back in 1997 for a BU Jackie Robinson $5 gold coin. Imagine the thrill of waking up in 2002 and seeing that the Jackie Robinson $5 was around $900, but it got better as in 2003 the $5 Jackie Robinson was $1,350. Today it is $3,900. That, by any definition is a sensational coin whether it goes up further or down from today’s level and the $5 Jackie Robinson like other sensations of the past will have an impact throughout the rare coin market. That makes them and their impact worth study.

We cannot really document the first U.S. coin to become a sensation. We know for example that a hoard of large cents called the Butternut Hoard purchased by . . .

Full story at: Numismaster.com