Dealers Anticipate Active Long Beach Expo
Monday, September 8, 2008
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The Long Beach Expo is a little over one week away and the market for rare coins remains solid. Buyers, whether they are dealers or collectors, are very aggressive for coins they feel have potential because of various rarity factors. The focus for most buyers centers on coins that are not readily available, coins with a low original mintage, low census for the grade and/or great eye appeal for the grade. Major auctions continue to attract throngs of buyers because they usually contain numerous lots with the above mentioned characteristics. Bowers and Merena, Ira and Larry Goldberg, and Superior Galleries all have major sales this next week in Southern California. If these sales are not enough to satisfy the thousands of active bidders, Heritage Galleries will host the Official Long Beach Expo Auction. Not only can you find many of the rarities you need, the wonderful catalogues that these companies produce contain enormous amounts of historical data to consume students of numismatics. In this weeks HD Wholesale Market Dealer Price Guide increases are seen throughout all series. Bust and Seated coins still garner much of the attention of serious collectors. High grades seem to attract new record prices every time a low census coin is offered. Since the last HD, gold has rebounded somewhat so we have many increases for common $5, $10, and $20 Gold. Some analysts believe the gold market could rise after the elections and many buyers feel this is a good time to buy at these lower prices. We are reporting several declines this week in DMPL Dollars. Because of recent transactions, various dates have adjusted downward; however, there are still many rare issues on the upswing. 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 1820 All Grades DMPL Morgan Dollars MS64 and Higher $4 Gold Stellas All Grades Standing Liberty Quarters MS63 and Higher Seated Dollars All Grades Trade Dollars All Grades Seated Dimes Most Dates & Grades Seated Quarters Most Dates & Grades Seated Half Dollars Most Dates & Grades Early Gold - $2 ½, $5, & $10 XF & higher Walkers MS63 and higher Indian Cents Red & Red/Brown MS & Proof Early Lincoln Cents Red; MS63 & higher Three Cent Silver Key Dates -What's Not? State Quarters PR issues under 69 require discounts Early Silver Commemoratives All Grades Low-end quality coins require discounts Modern Bullion Issues MS69 and lower -Other Requests 1909 S VDB Lincoln Cent All Grades 1909 Lincoln Cents All mint state Grades
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