Dealers Enjoy Leisurely Fourth
Monday, July 7, 2008
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Wholesale activity was down last week as most dealers took the opportunity to spend time with their families or just simply wind down. Most business on the teletypes appeared to be related to bullion with Gold and Silver moving higher throughout the week. However, this morning the metals are down considerably. Make sure you check current prices before completing any trades. This summer is beginning to reveal some slight softness in several areas of the market. We recently mentioned that the more common coins require discounts to attract buyers. However, we are now noticing that some of the rarities are not bringing as much of a premium as they had been over the last year. It appears that some of the competition for early rarities has departed, although we believe this is temporary. Recent transactions indicate various Seated Halves and Dollars have dropped just slightly as buyers are looking for bargains. Nevertheless, there are still plenty of advances this week in the HD Wholesale Dealer Market Price Guide to remind us that serious collectors are still in the market when certain coins are available. Early Dollars show a multitude of increases for most dates in the series. Even the dates that remain unchanged are steady at present levels. There are simply not enough accurately graded coins available in todays market. Deep Mirror Prooflike Morgan Dollars continue to be on the radar with many advances in high grades that have low census numbers. There are some mighty strong collectors in pursuit of the finest available dates. 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 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 Dimes Most Dates & Grades Seated Quarters Most Dates & Grades Seated Half Dollars Most Dates & Grades 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 Early Silver Commemoratives All Grades Low-end quality coins require discounts Modern Issues Grades under 69 require discounts -Other Requests 1909 S VDB Lincoln Cent All Grades 1909 Lincoln Cents All Mint State Grades
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