Market Looking More Optimistic
Monday, September 25, 2006
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We are seeing positive signs that more areas of the coin market are receiving attention from dealers and collectors. While generic Morgan & Peace Dollars are still soft, along with common U.S. Gold, common date Buffalo Nickels, Mercury Dimes, Walkers and even Franklins are on many want lists. This is a good indication that there are programs in place to market sets of these coins to ready collectors. While these areas are strengthening, it also means that the better dates or more difficult dates to locate will become easier to sell at current FMV levels. We continue to monitor activity in old Silver Commemoratives; the coins have to be nice for the grade (this means they must be better than average), but there are plenty of buyers out there trying to add coins to their growing collections. In the next few weeks we should see some additional funds in the market as major auctions are not as plentiful. Over the last five weeks auctions have taken at least $100 million out of the coin market. It takes awhile to replenish this kind of money. The metals are lower as the week begins. Gold is currently at $584.50 and Silver is $11.04. Platinum has been having a lot of trouble supporting previous levels, now at $1121. -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 Morgans 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 -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 Govt 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
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