Lower Bullion Changes Focus to Rarity
Monday, August 20, 2007
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In the last few weeks, demand in the coin market has reverted back to rare coins. Dealers and collectors are purchasing high-ticket rarities and the near term looks very bright. The ANA show produced literally hundreds of coin sales that have an FMV of over one hundred thousand dollars. With bullion faltering, sales for Modern issue coins have weakened. As a result, wholesale and Fair Market Value levels have fallen dramatically this past week. Make sure you double check current bullion prices before making any commitments. Gold Indians appear to be on the radar once again. The $2 ½, $5, and $10 coins are very active at higher wholesale levels. The better dates are attracting very competitive bids in major auctions. Dealers and collectors are mostly looking for grades in MS63 and higher. 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
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 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
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