Early Rarities and Carson City Gold in Demand
Monday, June 16, 2008
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The market for early rarities continues to be vigorous as long as the coins are accurately described with no obvious problems for the grade. Eye appeal continues to attract premium prices for such rarities. This weeks HD Wholesale Market Price Guide has plenty of increases for many issues from the early 1800s to the 1870s. Buyers for Bust Silver and Gold know they have to be very competitive if they are going to acquire any of the coins that come into the market. Higher buys for Bust Half Dollars appear to be more specific by date and grade this week, although the majority of market makers maintain their current buys for the more common issues. The same case can be made for Bust Dollars. Most of the coins that come onto the market are quickly absorbed when the prices are near present wholesale levels. Carson City Gold is extremely hot at this time. There are numerous increases for most grades in the $5 and $20 denominations. It looks like the demand for $10 Carson City Gold is active at present levels. Carson City Gold is a specialty area that attracts numismatic historians. Plenty of lore surrounds the Wild West and once buyers catch the fever it evolves quickly. Carson City Gold will typically have excessive bagmarks, so when coins have some original color and are clean, they will command very strong prices relative to current prices. 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 $10 Gold Indians MS62 and higher 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 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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