Baltimore ANA Reveals Strength
Monday, August 4, 2008
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This past weeks Baltimore ANA was a tremendous success for the majority of the attending dealers. Wholesale trading was much better than expected and the throngs of collectors attending were anxious to locate and buy coins they needed for their collections. This resulted in many dealers having one of their best shows in several months. High-end rarities (Early Bust and Seated coins) were the main attraction and competition was keen. Heritage Auction Galleries hosted the ANA Sale with prices realized of over $40 million. Highlights upon highlights brought records for numerous rarities. An 1825/4 $5 Gold in NGC AU50 realized $690,000; an 1803 Bust Dime brought $322,000 in NGC MS64; and a 1944 S Steel Cent in NGC MS66 sold for $373,750. To view all the highlights of this important sale please go to the Heritage website. Not all the news is good this week as the metals are headed lower. This weeks Wholesale Market Dealer Price Guide for the Moderns indicates many declines in bullion related issues. Platinum is especially weak and is lower again today in open trading. In March, Platinum cruised to over $2,270; today it is under $1,550. Make sure you check current prices when buying or selling bullion coins. See this E-News and past issues in E-News Archive: http://www.numismedia.com/market/enews/archive.shtml -What's Hot? Bust Half Dollars All Grades Early Bust Type 1794 1820 All Grades DMPL Morgan Dollars MS63 and Higher $4 Gold Stellas All Grades PL Morgan Dollars MS63 and Higher Standing Liberty Quarters MS63 and Higher Seated Dollars All Grades Trade Dollars All Grades Seated Dimes Most Dates & Grades Seated Quarters Most Dates & Grades Seated Half Dollars Most Dates & Grades 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 Three Cent Silver Key Dates -What's Not? State Quarters PR issues under 69 require discounts Early Silver Commemoratives All Grades Low-end quality coins require discounts Modern Issues Grades under 69 require discounts -Other Requests 1909 S VDB Lincoln Cent All Grades 1909 Lincoln Cents All Mint State Grades
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