FUN Better Than Expected
Monday, January 8, 2007
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Chalk up another success story for the FUN Show Committee. Dealers came to see how the first show of the year would unfold. Collectors came to spend money and the auctions continue to draw a major portion of the sales. The bourse floor was constantly busy with buying and selling from start to finish and very few dealers reported disappointment. The significant constant theme for success was that the closer you were to the front of the entrance to the bourse room, the better chance you had for attracting some of the retail dollars coming into the room. Some dealers suffered from collectors running out of money by the time they found them in the back of the expansive room. This is nothing really new.
From the perspective of most dealers just about everything was active, although in some areas of the market, collectors were being more selective. In other words, series with lots of coins available needed to be very competitively priced or have extra eye appeal for the grade. In the areas of strength, the market was very thin so dealers and collectors had to be ready and willing to accept the terms of the sale at a moment’s notice or the next time they visited the dealer’s bourse table the coin would likely be already sold. Rarities for the grade, low mintages, low census coins, slim availability, these are characteristics of coins that were very strong at the FUN Show. Early Gold, Proof Gold, Early Type, Key dates in most series (especially where the collector finds few properly graded specimens available); all these coins were being sought throughout the show.
Major auctions brought more than $80 million in prices realized with Heritage leading the way with over $75 million in a world record. Auction rooms were constantly busy with buyers trying to get a share of history. Internet bidding always makes the Heritage sales very competitive and increases the results of their auctions.
The metals were very volatile last week and fell considerably. They begin the morning on the upside but make sure you check final numbers before completing any transactions. Gold is currently at $606.00 and Silver is $12.12; Platinum is $1118.
See this E-News and past issues in E-News Archive:
http://www.numismedia.com/market/enews/archive.shtml
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On January 3, 2007, we sent out the first weekly issue of the Wholesale Market Dealer Price Guide for members and for dealer subscribers activating their subscription. The Moderns Dealer Price Guide will be sent on Tuesday.
Current NumisMedia Dealer Subscribers (subs pre Dec. 18, 2006) MUST visit the activation page (link below), if you have not already, to switch from the Monthly FMV Guide to the new Weekly Wholesale Market Dealer Price Guides. Please do this as soon as possible to update your subscription so you do not miss out on the next issue.
New Dealer Subscribers (after Dec. 18, 2006) will no longer receive the FMV Monthly Price Guide. Members will receive both the Monthly and Weekly guides and do not need to activate.
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-What's Hot?
BU Rolls - Dollars, Walkers, Franklins
Buffalo Nickels - MS64 and higher
Mercury Dimes - MS64 and higher
Walking Liberty Halves - MS64 and higher
Early Gold -- $2 ½, $5, & $10 XF & higher
Battle Creek Dollars - Lovely Toned Morgan’s
Walkers - 1916 to 1934 MS63 and higher
Indian Cents - Red & Red/Brown MS & Proof
Early Lincoln Cents - Red; MS64 & higher
Key Dates in all series
Three Piece 2006 Anniversary Gold Eagle Sets
-What's Not?
State Quarters - PR issues under 69 require discounts
Low-end quality coins require discounts
-Other Requests
Buffalo Gold $50 - Buy/Sell
1893 Morgan Dollar - Buy VF PCGS, NGC, ANACS
1800, 1803 Large 8, 1805 Half Dime - NGC, PCGS, ANACS VF, XF
2006 20th Anniversary Silver Eagle PF 70 Ultra Cameo - NGC
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