Durability Demonstrated in Baltimore
Monday, March 30, 2009
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Dealers were expecting an active show in Baltimore and they were not disappointed this past week. Although it was not as strong as the most recent show last November, the Whitman Baltimore Coin Expo was still busy throughout for most dealers. Retail was down slightly but that was expected because of recent trends. Most dealers feel there has been less discounting in the last couple of weeks and that appears to be the case on the dealer teletype systems as well. This week has begun with a large amount of wholesale activity on the teletypes. Modern bullion coins are still leading the overall market. Demand remains very strong and when coins are offered for sale, aggressive buyers immediately take advantage. The Ultra High Relief $20 Gold has limited supplies on the market; it seemed like all the UHRs available at the Baltimore Show were selling rather quickly. Prices are ranging from $1,600 to $2,450 depending on the grade; MS69 – MS70 Early Release. This week’s LD Wholesale Market Dealer Price Guide is mostly stable at current levels. Dealers need Early Copper for their customers and the only requirement is that it is problem free. Buyers are looking for Key date Indian Cents, 1877, 1908 S, and 1909 S; the 1909 S Market price is rising in several grades. The Lincoln Cent series has numerous increases including the 1909 S VDB in most circulated grades. The 1909 S, 1914 D, and 1922 no D are very active at present wholesale levels. The 1925 Lincoln in MS67 Red advanced to $2,000 Market and the 1924 D rose to $8,500 in MS65 Red. We are still finding some discounting in Mercury Dimes and Buffalo Nickels for the most common dates. 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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