ANA Just Around the Corner
Monday, July 23, 2007
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This past week has seen an increase in activity for numismatic coins on a wholesale basis. Dealers are trying to buy a larger variety of coins on the teletype systems including U.S. Gold, Morgan and Peace Dollars, Walkers, Mercury Dimes, Standing Liberty Quarters, and especially Indian and Lincoln Cents. This means collectors are still looking for coins in these series, but they are very specific in what they will accept. Collecting is all about buying accurately graded coins at Fair Market Value. Gold bullion has advanced over $30 in the last couple of weeks leading to hundreds of increases in the Moderns edition of the Wholesale Market Dealer Price Guide this week. Not only have the bullion coins advanced, but so have many of the highest grades. There is still a strong market for Registry coins; new collectors enjoy owning coins that are perfect or nearly so. The ANA is just a couple of weeks away and dealers are gearing up for this major annual event. There is the usual pre-show a week earlier and several major auctions to help fuel activity. It will be a long two weeks in the Milwaukee area so dealers are expected to bring their best coins in order to entice as much wholesale and retail sales as possible. The ANA always attracts thousands of collectors from all over the country. See this E-News and past issues in E-News Archive: http://www.numismedia.com/market/enews/archive.shtml -What's Hot? DMPL Morgan Dollars – MS63 and Higher PL Morgan Dollars – MS63 and Higher Seated Dollars – Most grades Seated Half Dollars – Most Dates & Grades $10 Gold Indians – MS62 and higher BU Rolls – Dollars, Walkers, Mercuries Mercury Dimes – MS63 and higher Early Gold - $2 ½, $5, & $10 XF & higher Walkers – 1916 to 1934 MS63 and higher Indian Cents – Red & Red/Brown MS & Proof Early Lincoln Cents – Red; MS63 & higher Key Dates in all series Washington Error Dollars Three Cent Nickel & Silver – Key Dates -What's Not? State Quarters – PR issues under 69 require discounts Low-end quality coins require discounts -Other Requests 1883 CC Morgan Dollar – MS65 NGC, PCGS 1883 CC Morgan Dollar – MS65 P/L & DMPL NGC, PCGS 1909 S VDB Lincoln Cents – VG to MS60
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