Market Hot, Still Selective
Monday, October 1, 2007
| 
Printer Friendly
The Long Beach Coin Show revealed what most coin dealers already know; the market is hot for the right coins. Everyday coins are lackluster; however, rare dates, better dates, and key dates are still capturing much of the business. Dealers were constantly busy amongst themselves, but retail was a little sparse overall. The premiums for modern bullion coins have dropped dramatically thus causing wholesale prices to be very close from one grade to the next. For example, a 2007 Buffalo $50 Gold trades at $705 in MS68, $715 in MS69, and $775 in MS70. These lower premiums are creating a lull in trading activity for the modern issues. Most dealers feel the public is still skeptical of higher bullion prices in spite of the recent rapid advance. Supplies of the new Presidential Dollars are increasing due to the rising amount of coins certified by NGC and PCGS. While they are very popular, wholesale prices are falling drastically due to the abundance of high grade coins, especially in Proof and Mint State 69 and 70. Be sure to look at the new format for Proof and Mint Sets in this week’s Modern edition of the Wholesale Dealer Price Guide. All sets are now on one page for easier reference. 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
|
