FUN Active, Prices Mixed
Monday, January 12, 2009
| 
Printer Friendly
Reports are in from the just concluded FUN Show in Florida and even though attendance and activity were solid for most dealers, prices appeared to be mixed to lower overall. There are new levels to report for several series with prices adjusting both up and down, although the declines are more prevalent. Although many of them were being discounted, expensive rare coins were selling. One specific example, the 1879 Flowing Hair $4 Gold, fell in PR63 to PR66. The Wholesale Market dropped about 10% for these grades. In this week’s HD Wholesale Market Dealer Price Guide, prices for Deep Mirror Prooflike Morgan Dollars are showing numerous declines because the top collectors for this series have become sellers rather than buyers. There were several buying opportunities for new collectors to participate at discounted levels. For example, in the August ANA Sale, Heritage sold a 1904 MS64 DMPL at $54,625; a Heritage FUN Sale example, graded MS65, sold for exactly the same price. In August, there were several dealers supporting this market, today, there are just a few but at lower Market prices. Early $5 and $10 Gold coins are showing some resistance at previous Market levels. We have noted several downward adjustments for specific dates and grades in these two series. The 1799 $5 Gold adjusted down in grades MS60-62 Wholesale Market, while the 1806 Round Top 6 fell in MS60, 61, 63, and 64. In the $10 Gold series, the 1795 13 Leaves, dropped in MS60 & 61, as well as some of the AU grades. Dealers have lowered their buy prices for Proof Gold, especially in the $5 and $20 Liberty series. In addition, it looks like there are a few sellers at these lower prices. See this E-News and past issues in E-News Archive:
http://www.numismedia.com/market/enews/archive.shtml -What's Hot?
Bullion Coins – Early and Modern
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 -Other Requests
1909 S VDB Lincoln Cent – All Grades
1909 Lincoln Cents – All Mint State Grades
http://www.numismedia.com
|
