We use cookies to make sure our website better meets your expectations.
You can adjust your web browser's settings to stop accepting cookies. For further information, read our cookie policy.
SEARCH
IN Warsaw
Exchange Rates
Warsaw Stock Exchange - Indices
The Warsaw Voice » Business » August 13, 2008
Numismatics
You have to be logged in to use the ReadSpeaker utility and listen to a text. It's free-of-charge. Just log in to the site or register if you are not registered user yet.
Investing at Face Value
August 13, 2008 By A.R.    
Article's tools:
Print

Collecting coins and medals is increasingly coming to be seen as an investment in Poland. Numismatics, as this potentially lucrative pastime is known, is starting to attract the interest of financial advisers as a seemingly sure fire way of accumulating money.

The prospects for the local market are extremely promising, according to Skarbnica Narodowa (National Treasures), a Polish subsidiary of the Netherlands-based Samlerhuset Group, one of Europe's leading distributors of medals and commemorative coins. This is partly an offshoot of the increasing prosperity of the Polish population and partly a response to the instability of the financial markets. Whatever the reason, people are on the lookout for alternative investments.

"Numismatics fits right into this trend," says Adam Zieliński, general manager of Skarbnica Narodowa. "With the rising prices of raw materials and inflation, people are looking for traditional ways of investing their excess cash-like gold or rare coins. This has given the Polish market a real boost over the last few years, which is hardly surprising given that coins are the most rapidly appreciating investment."

The Polish coin market is estimated to be worth zl.250-300 million annually and growing.
© The Warsaw Voice 2010-2018
E-mail Marketing Powered by SARE