The Cuban coin market is in the middle of a large transition. In the past, dealers would strive to keep a reasonable inventory for this ever growing market. However, the auction companies have taken over and the dealers are more or less at their mercy. Auctions have always been a seasonal business. High season usually begins by the first of November and continues until the end of April. Most important Cuban material surfaces during these months.

EBAY is what is new in Cuban coinage. The problem is that few high quality coins are sold through this venue. The future of EBAY, however, looks good even though it might ultimately work better with encapsulated coins (less buyer risk).

The Cuban series is short and very limited. Collectors will be come more quality conscious because the series is so small. Collectors should strive to purchase the best coins available the first time and avoid upgrading except in special instances. If Cuba ever returns to a free enterprise system, the numismatic climate would improve dramatically. Lastly, the supply is equal to the demand on all Cuban gold. We should see the demand grow in the next 12 months........................Higher prices should be expected!!
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COURT RULES SYSTEMATIC OVERGRADING CRIMINAL The nation’s second-highest court held May 21, 2004 that “intentional, systematic overgrading” can constitute a criminal offense in which the vendor, or business owner, can be convicted and sentenced to serve time in jail. This ruling came as a result of an appeal in the case of US vs. Numisgroup International. This is good news for all collectors who have suffered financial losses as a result of trusting other “professional” grading. The complete article can be found on page 55 of the June 15, 2004 Numismatic News.