Bullion Advances Quickly
Monday, April 16, 2007
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This past week has brought a sharp increase in many U.S. Bullion related coins. Not only have the modern issues moved higher but the older U. S. Gold coins have increased as well. The premiums continue to be at very advantageous levels if you are considering purchasing common $5, $10, and $20 gold coins. There is still a large supply of coins in the marketplace forcing the premiums to remain at all time lows.
The shift in buying habits of today’s numismatists has created various value inequities for the NumisMedia FMV. This occurred because many new buyers are more interested in bullion coins as they venture into numismatics. The longer novice collectors participate in this market the more likely they will move into other areas. When they do, the older classic coins will once again move in a normal cyclical behavior.
This week’s Wholesale Market Dealer Price Guide for Moderns indicates a vast number of increases for the majority of modern issue coins. There is a lot of activity with buyers stocking up before prices move even higher. The metals jumped this past week with Gold advancing to $691.40 this morning. It is quickly approaching last year’s high of $725 in May. Silver surpassed the $14 mark at $14.03 and Platinum is $1288.
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
Seated Dollars – Most grades
$5 Gold Indians – MS62 and higher
$10 Gold Indians – MS62 and higher
BU Rolls – Dollars, Walkers, Franklins
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
Three Piece 2006 Anniversary Gold Eagle Sets
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
1800, 1803 Large 8, 1805 Half Dime – NGC, PCGS, ANACS VF, XF
2006 20th Anniversary Silver Eagle PF 70 Ultra Cameo – NGC
Silver Eagles – NGC PR70 1987, 88, 91, 93, 94, 96, 97, 99
1999 Delaware Silver Quarter – PR70 NGC
1883 CC Morgan Dollar – MS65 NGC, PCGS
1883 CC Morgan Dollar – MS65 P/L & DMPL NGC, PCGS
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