Welcome to the World of Avarae|
Avarae is the UK’s only publicly traded specialist Investment Company dedicated to investing in rare and high quality coins. It provides access for institutions and individuals wanting to diversify their investment portfolios away from the traditional asset classes such as equities, property, bonds etc without the need to be an expert in the coin collecting sector. Its strategy is to invest actively in the coin collecting sector in various countries across the world. It is currently building up an impressive portfolio of coins which it intends to hold both for the long term (i.e. more than one year), in order to achieve long term capital growth for its shareholders, and also the short term, in order to take advantage of short term trading opportunities, as the market for rare coins continues to grow.
Find out more about Avarae by clicking here.
Avarae floated on 24 May 2006 and made its first purchase of rare coins the week following, on 2 June 2006. In July 2007, Avarae raised a further £6.0 million (before expenses) for investment purposes. Since it floated, the Company has made a number of significant purchases of individual coins or coin collections, investing more than £10.0 million in aggregate in more than 1,000 coins. As at 31 March 2014, the Company held coins with a value of approximately £10.62 million, having added £0.6 million coins to the portfolio and sold coins with a value of almost £1.3 million.
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Avarae’s current intention is to hold the vast majority of its current portfolio for the foreseeable future and only make disposals of coins or collections when it and its Advisory Panel believe it to be in the best interest of the Company and its shareholders.