Buying Opportunities Exist
Monday, April 23, 2007
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This week’s Classic Wholesale Market Dealer Price Guide indicates many changes in the Morgan Dollar section. However, many of the better dates are not available so the increase in wholesale levels is practically fruitless, but dealers feel this is the only way to attract potential sellers. At the opposite end of the price structure we are finding some discounting of dates normally sold at premiums. Part of the problem is, with annual taxes due, many dealers with large inventories need to raise cash, so discounting is necessary. This can actually be viewed from a positive stance because these dealers made substantial profits on which to pay these taxes. It also usually creates various buying opportunities for the collector. This situation typically balances out by the end of April. Many U.S. Gold coins are higher since bullion has been on the rise over the last couple of weeks. Premiums are still tight for the common coins but there is activity among dealers. Many retail dealers are also reporting that their customers are buying at these levels. Indian Gold, $5 and $10, is very strong at current levels. 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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