Buyers Focused on Gold at Long Beach
Monday, September 14, 2009
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With fewer dealers and more public in attendance than the previous summer show, the Long Beach Expo was much better than most dealers expected. Dealers specializing in Gold, especially generic U.S. Gold or modern issues, were busy much of the show. It also helped that the price of Gold was up all week long; breaking through the $1,000 barrier again is significant in determining the direction of the current market. Many wholesale dealers, working the floor trading with other dealers, reported substantial sales and were satisfied with show results. Coin prices appear to be more stable at current Market levels than in previous months. There are fewer declines listed in this week’s LD Wholesale Market Dealer Price Guide. Dealers are more willing to purchase nice coins at listed Market prices because there are not enough fresh coins in the market. However, tired old inventory still needs to be discounted. A number of dealers are looking for Seated Dimes, Quarters and Halves, but they want unaltered (problem free) coins. The 1824/2 Bust Quarter is a hot item with grades of Good through MS62 on the rise. Not only does this coin have a low mintage, but the population of coins certified is low as well. And with its lack of availability, it appears to be an undervalued coin. Buffalo Nickels and Mercury Dimes are the two series that are not characterized by stability. Too many coins on the market have made prices of some of these dates lower again this week. See this E-News and past issues in E-News Archive:
http://www.numismedia.com/market/enews/archive.shtml -What's Hot?
Ultra High Relief – 2009 $20 Gold
Proof Gold Eagles - with mint packaging
Proof Buffalo Gold - with mint packaging
Bullion Coins – Early and Modern
GSA Carson City Dollars – Raw & NGC Certified
Seated Dollars – All Grades
Seated Dimes – Most Dates & Grades
Seated Quarters – Most Dates & Grades
Seated Half Dollars – Most Dates & Grades
Indian Cents – Red & Red/Brown MS & Proof
Early Lincoln Cents – Red; MS63 & higher
2009 Lincoln Cents – All Varieties
2009 Lincoln Commem Dollars -What's Not?
State Quarters – PR issues require discounts
Early Silver Commemoratives – All Grades
Early Gold Commemoratives – All Grades
Common 20th Century Coins – All grades
Buffalo Nickels – MS63 and higher
Mercury Dimes – MS63 and higher
Walking Liberty Halves – MS63 and higher
-Other Requests
1909 S VDB Lincoln Cent – All Grades
1909 Lincoln Cents – All Mint State Grades
http://www.numismedia.com
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