Market Better than it Appears
Monday, October 16, 2006
| 
Printer Friendly
We are finding a remarkable amount of activity, both in wholesale and retail sales. The perception may be that the overall coin market is soft but we feel this is not correct. Generic coins may be lower and more difficult to sell at this time but we see plenty of wholesale activity at the new levels. Dealers are taking advantage of these discounts to average down their overall cost of goods. Other than generics, the rest of the market looks pleasing to most astute numismatists. We do not see dealers giving away their better material and some of it still sells when the right customer decides to pull the trigger.
When you add to regular numismatic business the modern mint coinage you will see that there is ample opportunity for dealers to make money in this market. We still see some dealers complaining about the amount of business in these modern bullion coins, but the fact is that many more dealers are taking part at this time. If it is a matter of sitting and watching a market pass you by or jumping in, most dealers will choose to participate. It is all a matter of making money.
Bullion is having a little run over the last week and the “Big Three” have been advancing. Gold is pushing the $600 level again and is currently at $594.10. Silver is now at $11.81 and Platinum is up to $1082.
-What's Hot?
BU Rolls – Dollars, Walkers, Franklins
Buffalo Nickels – MS64 and higher
Mercury Dimes – MS64 and higher
Walking Liberty Halves – MS64 and higher
Gold Commems – MS64 and Higher
Silver Commems – MS64 and Higher
Early Gold -- $2 ½, $5, & $10 XF & higher
Battle Creek Dollars – Lovely Toned Morgan’s
Carson City Dollars – NGC Certified
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
1876 $1 Gold – VF or XF
Buffalo Gold $50 – Buy/Sell
Carson City Dollars – Gov’t Holders
1880 Morgan Dollar – MS65 NGC
1855 Arrows Seated Half – MS65 NGC
1994 $25 Gold Amer. Eagle – MS69 NGC
1999 $25 Gold Amer. Eagle – MS69 NGC
1893 Morgan Dollar – Buy VF PCGS, NGC, ANACS
http://www.numismedia.com
|
