Market in Vacation Mode
Monday, June 30, 2008
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The overall coin market continues to be slightly lethargic. Average common coins are somewhat difficult to sell and aggressive dealers typically offer discounts in order to sell quantities of this type of material. Most dealers feel this is how the next month will be until the ANA in Baltimore. Better or rare coins remain in solid demand although most of this demand is created by a lack of availability; kind of a catch-22 for potential activity. This weeks LD Wholesale Market Dealer prices show a variety of advances for coins minted prior to the 1930s. From Half Cents through Liberty Seated Quarters the focus for most dealers and collectors lies in these series. Eye appeal is a strong influence for these coins as we see in various auctions. We monitor some of the same coins and grades and may see a difference of at least 50% in prices realized for coins that have a little something extra. Whether it is color, strike or luster, that extra eye appeal brings out that competitiveness in todays buyers. ICTA is celebrating its 25th year as the national trade association for coin and metals dealers. ICTA was initially created to fight federal legislation that removed coins and precious metals from qualified investments for IRA accounts. Since, they have worked steadily for the benefit of all coin and precious metals dealers throughout the country. Most importantly, ICTA has helped many states with some sort of exemption from sales tax on the sale of coins and precious metals. This celebration will take place at the Baltimore ANA on July 29th. All interested ICTA members are invited to contact ICTA for more details at (410) 626-7005. 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 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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