Market Persistence Continues
Monday, December 10, 2007
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Activity in the coin market may be slightly lower; however, this is typical for the year-end and holiday season. Many major companies try to reduce inventory at the end of the year so they are not quite as active on the buying side. Yet, they are still maintaining strong prices for the coins their clients need. We are not seeing any fire sales in order to reduce inventory; in fact, most dealers are consistent with their wholesale buy prices, but sellers are not willing to drop their ask prices to consummate deals. There are numerous advances this week in the Wholesale Market Dealer Price Guide for Early Half Dollars through all of the Classic Gold Coins. A rash of increases for specific grades punctuates most series. Many of the actual trades are usually slightly above these levels. The metals continue to play havoc with collectors and investors as the daily swings have a tendency to scare potential buyers. This morning the metals are all markedly higher with Gold surging back above the $800 mark. This level makes for an increase in holiday gift items. Many collectors enjoy giving bullion coins to potential new collectors at this time of the year. 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 1810 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 Half Dollars Most Dates & Grades $10 Gold Indians MS62 and higher BU Rolls Dollars, Walkers, Mercuries 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 Low-end quality coins require discounts Modern Issues Grades under 69 require discounts -Other Requests 1883 CC Morgan Dollar MS65 P/L & DMPL 1922 Lincoln Cent Good and Higher
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