Metals Get Pounded
Tuesday, March 6, 2007
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This past week found the metals taking a major dive from recent highs. Gold fell over $40 to the current $641.40. Silver fell nearly $2.00 and now stands at $12.73. Platinum did not fare any better as it dropped to $1172.
With these major declines it affords dealers and collectors the opportunity to buy bullion related coins at more reasonable levels. However, most buyers tend to get a little skittish as they are not sure when to jump back in to take advantage. This week should give us an indication of short term direction.
We are still finding lots of positive areas of the market where market makers need coins for their customers. U.S. Indian Gold remains very active, even if the common dates in lower mint state falter from the decline in bullion. Early Mercury Dimes and Walkers are steady to higher in MS63 and higher grades. Trade and Seated Dollars are very popular, while the better dates are becoming difficult to locate.
**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
http://www.numismedia.com
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