Gold Surpasses $730
Monday, September 24, 2007
| 
Printer Friendly
Gold bullion passed through the $730 mark with little resistance, but seems to have stalled. Dealers are concerned about being short of inventory at this time because the market uncertainty could lead to much higher prices. The latest edition of the Wholesale Market Dealer Price Guide shows thousands of increases this week as dealers are searching but not finding coins for their customers in this hot market. All the early U.S. Gold series are advancing in most grades. Dealers and collectors are still paying in advance of wholesale levels for low population, high-grade rarities. Registry collectors remain very strong in their pursuit of highest graded coins especially if they have a population of less than five coins. Early Bust U.S. Gold continues strong with several dealers trying to increase their inventory of these rarities. Deep Mirror Proof Like Morgan Dollars also fall into this group of actively sought after coins. Many of these high-grade rarities have been advancing for many months now. We anticipate much to report next week after the Long Beach Expo and Heritage Signature Sale this week. See this E-News and past issues in E-News Archive:
http://www.numismedia.com/market/enews/archive.shtml -What's Hot?
DMPL Morgan Dollars – MS63 and Higher
PL Morgan Dollars – MS63 and Higher
Standing Liberty Quarters – MS62 and Higher
Seated Dollars – Most grades
Seated Half Dollars – Most Dates & Grades
$10 Gold Indians – MS62 and higher
BU Rolls – Dollars, Walkers, Mercuries
Mercury Dimes – MS63 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
Washington & Adams Error Dollars
Three Cent Nickel & Silver – Key Dates -What's Not?
State Quarters – PR issues under 69 require discounts
Low-end quality coins require discounts -Other Requests
1883 CC Morgan Dollar – MS65 NGC, PCGS
1883 CC Morgan Dollar – MS65 P/L & DMPL NGC, PCGS
1909 S VDB Lincoln Cents – VG to MS60
http://www.numismedia.com
|
