Competition Intense for Rare Dates
Monday, March 3, 2008
|
Printer Friendly
Dealers were pleased with the turnout at the Baltimore Coin Show this past week and sales were beyond expectations for the most part. It would be difficult to find a series prior to 1940 that is not active in this market. The next major show, the ANA National Money Show, runs March 6-8 in Phoenix, Arizona. Morgan Dollars are extremely hot in MS65 and higher grades. There are several dealers trying to locate the better dates for clients but these rare coins are few and far between so competition is quite intense. Deep Mirror Prooflike Morgan Dollars are also very strong and continue to bring record prices. In all cases, (including other series) low-end coins for the grade are not acceptable for new higher prices. However, there are still buyers for average coins at discounted levels. The metals continue to perform quite well. Silver broke through the $20 mark and Gold is chasing $1000. Even though some analysts are skeptical, there does not seem to be any slowdown. As of 9:20 am PST, Gold is $983.70 and Silver is $20.15. Platinum is up $72 at $2233. 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 Early Bust Type 1794 1810 All Grades DMPL Morgan Dollars MS63 and Higher $4 Gold Stellas All grades PL Morgan Dollars MS63 and Higher Standing Liberty Quarters MS63 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 MS64 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 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 1922 Lincoln Cent Good and Higher
http://www.numismedia.com
|