Bullion Continues Climb
Tuesday, November 6, 2007
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The metals remain very strong with gold leading the way. Gold surpassed $800 on Friday and seems to be holding steady in morning trading. It is currently at $804.30 and Silver is down just a touch at $14.52. Platinum is higher at $1459. One of the interesting aspects of this current market is that many dealers offer under melt for modern bullion coins that grade less than MS or PR69. It seems that they are not convinced the market can maintain these levels. Dealers in rare coins are truly more confident in their market. They continue to make markets in their specialties and are willing to pay in advance of current wholesale levels when the right coins come along. There has been no let up in buying rare coins by collectors of all experience. Most astute collectors know they can buy coins now or probably pay more in the future; that is, if the coins are available. We have a massive amount of increases in this weeks Wholesale Dealer Price Guide for Moderns. The majority of advances are due to the rise in bullion. However, even some of the highest graded issues in Jefferson Nickels, Roosevelt Dimes and Washington Quarters are receiving lots of attention by collectors of Registry Sets. 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 DMPL Morgan Dollars MS63 and Higher $4 Gold Stellas All grades PL Morgan Dollars MS63 and Higher Standing Liberty Quarters MS62 and Higher Seated Dollars All grades Trade Dollars All 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 Three Cent Nickel & Silver Key Dates -What's Not? State Quarters PR issues under 69 require discounts Low-end quality coins require discounts Modern Issues Grades under 69 require discounts -Other Requests 1883 CC Morgan Dollar MS65 P/L & DMPL NGC, PCGS 1909 S VDB Lincoln Cents VG to MS63 1914 D Lincoln Cent VG and Higher
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