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La Numismática como objeto de inversión y valoración/Numismatics as an object of investment and valuation

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  • CABALLER MELLADO, V.

    ()
    (Departamento de Economía y Ciencias Sociales. E.T.S. Ingenieros Agrónomos. Universidad Politécnica de Valencia. C/ Camino de Vera, s/n. 46022-Valencia)

  • DE LA POZA, E.

    ()
    (Departamento de Economía y Ciencias Sociales. Facultad de Administración y Dirección de Empresas. I.G.E. Universidad Politécnica de Valencia. C/ Camino de Vera, s/n. 46022-Valencia)

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    Abstract

    En este artículo se realiza una introducción a la valoración económica en el sector de la numismática. A tal efecto, se describen las variables explicativas más importantes del valor de mercado de una moneda, calculando un modelo de regresión múltiple. Las variables más representativas son: el estado de conservación, la tirada y la antigüedad. Asimismo, se han propuesto carteras diversificadas numismáticas. Los resultados obtenidos permiten al inversor clásico (aquél que sólo invierte en el mercado bursátil) mejorar las características rentabilidad-riesgo de su inversión. This paper shows an introduction to the economical valuation of the area of numismatics. The study analyzes the more important explanatory variables that determine the fair value of a coin. The most relevant variables are: the conservation grade, the mint and the age. Also, diversified efficient numismatic portfolios have been proposed. The results obtained show how the classical investor (the one who only invests in the stock market) can improve the characteristics return-risk of his/her investment.

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    Bibliographic Info

    Article provided by Estudios de Economía Aplicada in its journal Estudios de Economía Aplicada.

    Volume (Year): 28 (2010)
    Issue (Month): (Agosto)
    Pages: 475 (22 págs.)

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    Handle: RePEc:lrk:eeaart:28_2_11

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    Keywords: numismática; valoración económica; modelo de regresión múltiple; carteras eficientes ; numismatics; economic valuation; multiple regression models; efficient portfolios.;

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