Lower Metals Attracting Buyers
Monday, March 31, 2008
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The recent downturn in metals is attracting buyers to Modern issue bullion coins. Dealers are currently trading large quantities of bullion coins on the wholesale teletype networks. Not only are buyers looking for Gold Eagles, Spouse and Buffalo Gold, they also want early $5, $10, and $20 generic Gold. There seems to be little change in consumer attitude that would indicate a feeling that the metals are headed anywhere but higher in the long run. In the next few weeks, we have two major shows beginning with Santa Clara Coin Expo April 10-12. Superior Galleries will conduct an Elite Sale on April 10. The following week dealers will move to Central States in Rosemont, Illinois on April 16-19. Heritage will host a major Signature Sale April 16-18. Both sales contain numerous coins that should be aggressively sought by collectors and dealers. This weeks Modern Wholesale Price Guide shows many advances for the highest graded issues. Registry collectors keep this market extremely active because they can showcase their coins and compete for awards and recognition while striving for simply the best set. Jefferson Nickels and Roosevelt Dimes in MS68 are very popular with collectors and continue to bring higher dealer bids. 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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