Market Strong as Long Beach Nears
Monday, May 19, 2008
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The Long Beach Expo is just a week away and already dealers from out of town are in the Southern California area. Three times a year the Expo attracts an enormous number of dealers to Long Beach for trading at local coin shops and bidding at major auctions. Ira and Larry Goldberg will conduct their sale from May 25th 28th; Superior Galleries will host an Elite Sale on May 26th & 27th; and the official Long Beach Sale will be conducted by Heritage Auction Galleries from May 28th 30th. There are hundreds of great numismatic rarities in these sales that are sure to attract dealers and collectors in this sizzling market. The market for Early Type Coins continues to move higher as evident in this weeks Wholesale Market Price Guide. Bust Half Dimes and Dimes from 1794 to 1807 are attracting many buyers for just about any grades as long as the coins are problem free. Most recorded sales typically have been higher than the current Market price at the time of the sale. Much of the activity for Bust Half Dimes and Dimes from 1809 to 1837 has been for grades MS63 and higher. However, we are still finding steady demand for the lower grades at current levels. Seated coins remain high on want lists in grades MS63 and higher. Collectors and dealers are looking for coins that previously were considered Type for the series. The census reports reveal fewer of these coins are available due to the number of coins certified in specific grades. For example, a Seated Dime may have had an original mintage of 3,000,000 coins but the census reports show that there are only a pool of 100 coins certified in MS65 and higher grades. Low census numbers are a strong indicator of collector demand. 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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