Classic Gold Commems Regress to Bargain Levels
Monday, April 27, 2009
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Premiums for common U.S. Gold have fallen slightly since our last HD Wholesale Market Dealer Price Guide. Demand has subsided slightly and current buyers are shopping for the most competitive prices. For example, the Market for the $20 Saint in MS62 was $1,400 three weeks ago and today it is $1,330. The $20 Liberty TIII was $1,415 against today’s Market of $1,350. Other common U.S. Gold ($10 Liberty and Indians and $20 Liberty and Saints) show about the same percentage declines for grades Very Fine through MS65. On the dealer networks, demand remains consistent at the newer levels. Bust Half Dollars appear to be finding some stability at current Market levels. During the downturn over the last few months, coins were continually offered at discounts. In the last couple of weeks, accurately graded coins are trading at present Market prices, especially for Extra Fine to AU58 grades. There is still some tentative trading in the Mint State issues. However, there are many buyers willing to take advantage of those special coins that have high levels of eye appeal. This week’s HD Wholesale Market Dealer Price Guide indicates just a handful of declines for specific dates. Dealers and collectors are still discounting classic Gold Commemoratives. There is yet another round of declines this week for most issues from MS60 to MS67. It is beginning to look like these coins should be bargains at these new levels. However, the lower prices do not seem to be attracting much interest at this time. Nevertheless, someone is buying these coins at these discounted prices and putting them away in anticipation of a reversal of this downward cycle. 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
Bullion Coins – Early and Modern
U.S. Gold – Classic Gold in All Grades
GSA Carson City Dollars – Raw & NGC Certified
Seated Dollars – All Grades
Trade 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 -What's Not?
State Quarters – PR issues under 69 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 -Other Requests
1909 S VDB Lincoln Cent – All Grades
1909 Lincoln Cents – All Mint State Grades
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