Market for Generics Tentative
Monday, April 2, 2007
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While the overall coin market is generally steady, there are signs that all is not perfect. We are seeing more areas being discounted in order to create sales. Dealers remain very active in the wholesale arena because they know this is the only way to make money. However, retail has become somewhat tentative as collectors are looking for specific coins that are not readily available. If they cannot find what they want, their alternatives need to be discounted in order to entice a purchase. Bargain hunting is the order of the day for common coins in inventory.
This week’s Modern Wholesale Market Price Guide still has many increases, but many are in areas where the metals increased resulting in higher levels. There are also increases for many of the high grade rarities as dealers are searching for the coins their customers want the most. There seems to be strong demand for the low pop issues in Eisenhower Dollars. Several of these dates have not seen any coins certified in the 70 grade so the available grades are actively sought.
Early Washington Quarters are steady but advances are definitely tied to coins that have low census numbers. The Registry collectors want the highest graded coins to increase the rating of their specific collections. The competition for these coins is formidable and the collectors have plenty of reserves for this material. Rare coins continue to receive much of the attention of advanced collectors.
The metals have opened lower this morning so you will want to watch and take note before you complete any transactions. Gold fell to $659.50 while Silver dropped to $13.09. Platinum is down to $1234.
See this E-News and past issues in E-News Archive:
http://www.numismedia.com/market/enews/archive.shtml
**What's Hot, What's Not**
What's Hot, What's Not shows which coins are especially active, or on many want lists, bringing prices above previous levels, and, which coins seem to be in large supply on slow moving sell lists. This information will come from dealers and collectors all over the country, our members, collector inquiries, coin shows, and auctions. We will also list a few other requested series from members and collectors.
-What's Hot?
DMPL Morgan Dollars – MS63 and Higher
Seated Dollars – Most grades
$5 Gold Indians – MS62 and higher
$10 Gold Indians – MS61 and higher
BU Rolls – Dollars, Walkers, Franklins
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
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
1800, 1803 Large 8, 1805 Half Dime – NGC, PCGS, ANACS VF, XF
2006 20th Anniversary Silver Eagle PF 70 Ultra Cameo – NGC
Silver Eagles – NGC PR70 1987, 88, 91, 93, 94, 96, 97, 99
1999 Delaware Silver Quarter – PR70 NGC
1883 CC Morgan Dollar – MS65 NGC, PCGS
1883 CC Morgan Dollar – MS65 P/L & DMPL NGC, PCGS
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