Long Beach Begins, Gold Down
Tuesday, May 27, 2008
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The Long Beach Expo is here and Gold Bullion is down over $15 this morning. However, it is still over $900, currently at $909. Since our last update, most of the common generic U.S. Gold coins have advanced in grades Good through MS62. At the same time, some of the common issues in MS63 and higher have lost a little of their premiums because there is so much inventory available. Dealers believe this is simply a matter of a temporary shortage of cash in conjunction with an excessive number of coins in the market. This weeks HD Wholesale Market Price Guide shows a vast array of increases for truly rare issues. Circulated Flowing Hair Half Dollars have increased due to limited availability. These coins have strong demand if they are problem-free. The Mint State coins remain very active at current Market prices and most of these are not available because their census numbers are so low. All Dollars from Bust through the Peace series are in demand. Bust Dollars in all grades seem to be attracting sales from dealers and collectors, whether it is from retail ads or major auctions. Attractive coins bring premium prices. Buyers for Seated and Trade Dollars appear to be concentrating on high grade uncirculated dates, although lower grades are receiving a lot of attention too. Morgan and Peace Dollars are steady to higher in MS64 and higher, while the highest grade DMPL Dollars are bringing monstrous prices. This niche market seems to be getting bigger and stronger. 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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