Dealers Adjusting to Mint Coinage
Monday, October 9, 2006
|
Printer Friendly
Most dealers are trying to adjust to the new coinage the U.S. Mint is producing and selling to the public at large. They are the only coin dealers that can get away with selling coins and not offering to buy them back. They also have the ability to advertise in all forms of the media using funds provided by taxpayers. Is this any way to run a business? You bet it is. We all should be so lucky. The new Three Piece 2006 Anniversary Gold Eagle Sets have already doubled in value and are trading at levels over $5,000. This is due to the limited mintage and the fact that dealers and collectors expect to receive certified coins graded 69 and 70. This is a market to watch very closely to see how the prices adjust once there are more sets delivered to the buyers from the mint. The metals are higher this am and some analysts feel that Gold should be headed back over the $600 level. Make sure you monitor prices before you commit to any purchases. Currently Gold is $574.60 and Silver is $11.25. Platinum is on the rise, now at $1079. -What's Hot? BU Rolls Dollars, Walkers, Franklins Buffalo Nickels MS64 and higher Mercury Dimes MS64 and higher Walking Liberty Halves MS64 and higher Gold Commems MS64 and Higher Silver Commems MS64 and Higher Early Gold -- $2 ½, $5, & $10 XF & higher Battle Creek Dollars Lovely Toned Morgans Carson City Dollars NGC Certified Walkers 1916 to 1934 MS63 and higher Indian Cents Red & Red/Brown MS & Proof Early Lincoln Cents Red; MS64 & higher Key Dates in all series Three Piece 2006 Anniversary Gold Eagle Sets -Whats Not? State Quarters PR issues under 69 require discounts Low-end quality coins require discounts -Other Requests 1876 $1 Gold VF or XF Buffalo Gold $50 Buy/Sell Carson City Dollars Govt Holders 1880 Morgan Dollar MS65 NGC 1855 Arrows Seated Half MS65 NGC 1994 $25 Gold Amer. Eagle MS69 NGC 1999 $25 Gold Amer. Eagle MS69 NGC 1893 Morgan Dollar Buy VF PCGS, NGC, ANACS
http://www.numismedia.com
|